LITRG has issued a briefing to MPs on clause 5 of the Finance (No. 2) Bill 2023-24, which covers changes to the high income child benefit charge from 6 April 2024.
Carer’s allowance has featured heavily in news over the last few weeks – in particular, reports of carer’s allowance being clawed back due to breaches of the earnings limit threshold. There are several reasons why the earnings limit threshold may appear to be exceeded, but in this blog we explore ...
The Low Incomes Tax Reform Group (LITRG) has been honoured with a prestigious tax award.
The Low Incomes Tax Reform Group has urged young people to use a free HMRC tool to check if they have a Child Trust Fund (CTF), following concerns that some firms could be charging hundreds of pounds to trace and help withdraw the value of the fund.
Since the umbrella company consultation closed in August 2023, we have written several articles for ContractorUK on the topic, which we summarise here.
As it’s a new tax year, some sole traders, partnerships or landlords may be tempted to throw away last tax year’s receipts. Business records can include documents such as bank statements, sales invoices and expense receipts. However, there is a legal requirement to keep these records to support the ...