The Loan Charge and Taxpayer Fairness All Party Parliamentary Group (APPG) has launched a call for evidence to establish the reality of the situation for all those impacted by the Loan Charge. Here we tell you about it and also what else is going on with the Loan Charge.
The Low Incomes Tax Reform Group (LITRG) broadly welcomes today’s announcement1 in the Spring Statement that the government will align the starting point for paying2 class 1 employee and class 4 self-employed National Insurance ...
Around 2.3 million people in the UK are thought to own cryptoassets. If you are one of them, make sure you consider if you need to report and pay tax to HMRC on your cryptoasset activities.
The Making Tax Digital (MTD) rules were first introduced in April 2019 for all VAT registered businesses except for those voluntarily registered for VAT. Next month the MTD for VAT rules are being extended so that all VAT registered businesses must follow them from 1 April 2022 onwards unless they ...
LITRG have recently responded to HMRC’s call for evidence ‘Modernising tax debt collection from non-paying businesses’.
HMRC have confirmed that they will consider late claims to grants under the Self-Employment Income Support Scheme, but in exceptional circumstances only. The deadline for making a late claim is 28 February 2022.