The normal minimum pension age is the earliest point at which most people can access their pensions without incurring an unauthorised payment tax charge. It is currently set at age 55 and this legislation will increase it to 57 with effect from 6 April 2028. There are exceptions for those who have a...
From 4 April 2022, if you are renewing a taxi, private hire or scrap metal licence in England and Wales then you will need to complete a ‘tax check’ first. The rules are expected to be extended to Scotland and Northern Ireland from April 2023. This article explains ...
The trading allowance – or, as it is sometimes called, the hobby allowance – can be very useful for people earning small amounts of self-employment, casual or miscellaneous income, particularly if you have low expenses.However, it can be easy to make a mistake when working out how to use the trading...
The Low Incomes Tax Reform Group (LITRG) welcomes today’s publication of a cross departmental call for evidence on the umbrella company sector and hopes it will ultimately lead to an end to the problem of low-paid agency workers being paid through disguised remuneration....
Government to publish a roadmap setting out their direction of travel for reform of the tax system over the next 10 yearsThe Government’s response to HMRC’s earlier call for evidence gave some indication of what is in scope and what is out of scope as part of the reformsThe Low Incomes Tax Reform Gr...
The All Party Parliamentary Group (APPG) for Entrepreneurship recently held a call for evidence on the sharing economy. As many low-income workers make at least part of their living from the sharing or gig economy, LITRG made a submission to the call for evidence to highlight issues that we think ne...