The Low Incomes Tax Reform Group (LITRG) is warning that changes to off-payroll working rules announced today could result in more agency workers finding themselves working through single person limited companies....
Today the Government announced, in the Growth Plan 20221, that they intend to reduce the UK basic rate of income tax to 19% (from its current 20%) from April 2023. This is in addition to yesterday’s announcement that they will reduce national insurance contribution rates from 6 Novem...
CIOT and LITRG have submitted a joint response to the Scottish Government’s call for evidence. Our response focuses on the issue of improving understanding of block grant adjustments among stakeholders....
One option to help with the cost-of-living crisis is to try and increase your income by doing a bit of freelancing on top of your usual work. But with extra income comes tax considerations which can be easily overlooked. ...
LITRG have responded to HMRC’s consultation on raising standards in tax advice: protecting customers claiming tax repayments....
LITRG have responded to HMRC’s draft legislation on the low earners anomaly: pensions relief relating to net pay arrangements. While we are cautiously optimistic about the new rules, the draft legislation does give rise to various concerns....