We broadly welcome that clause 332 introduces a new provision, effective 15 March 2023, which renders void assignments of income tax repayments. This means that taxpayers will no longer be able to assign their rights to an income tax repayment to a third-party repayment agent – including those who ...
HM Revenue & Customs (HMRC) are sending letters to businesses that might have misused their till systems, and as a result not paid the correct amount of tax. This is an opportunity for these businesses to get their tax affairs in order. We explain more about the letters and what to do if you ...
The Low Incomes Tax Reform Group (LITRG) has welcomed the announcement1 that repayment agents will be required to register with HMRC – a further step aimed at protecting taxpayers who use agents to help them claim tax refunds. However, LITRG has questioned how HMRC will enforce this ...
The Low Incomes Tax Reform Group (LITRG) welcomes the government’s confirmation today that it intends to address an issue faced by some parents and guardians who have not claimed Child Benefit and may have missed out on future entitlement to a full state pension as a result.1 However, ...
Even though it is no longer possible to ‘assign’ your tax refund to a third party, do not let your guard down! As it is possible to still ‘nominate’ a third party to receive a tax refund, many of the same old issues with unscrupulous tax refund companies remain. Here we explain the differences ...
Revenue Scotland, the tax authority with responsibility for the administration of Scotland’s devolved taxes, has developed an Enhanced Support policy. The policy sets out what enhanced support is; it aims to help those who need extra support to meet their tax obligations in respect of Scotland’s ...