LITRG’s response to this call for evidence makes a brief but important point: all pension schemes must provide members with information on the wider financial impacts of pension choices so that individuals understand their net income position. Failure to understand tax and benefits consequences can ...
HMRC are sending determinations to people who they think have used loan schemes but have not yet filed their 2018/19 tax return containing the loan charge. A determination is an estimate of the tax due for a tax year, based on the information that is available to HMRC – this includes information abo...
If you work from home, you may be worried about increasing energy bills. However, there are some tax and benefit rules that might help ease some of the cost for you. ...
Starting a new business can be both an exciting and daunting time. There are many things to think about, including what you need to do to prepare your business accounts and tax return. This article briefly explains what you can do now to help simplify your future tax, in view of two major changes...
The Low Incomes Tax Reform Group (LITRG) has welcomed a consultation issued today by HMRC which aims to find ways to protect taxpayers from unacceptable behaviour by some Repayment Agents. However, LITRG is concerned that any action could take time to materialise, and taxpayers could lose out in the...
We have responded to the Low Pay Commission (LPC) consultation 2022 looking at the impact of the minimum wage, the rates from 2023 and on enforcement and compliance issues. ...