If you are struggling financially, you may be tempted to withdraw money from your pension to help you out. This may not always be a good idea. There is a minimum age to take money from a UK registered pension (usually 55). If you take money out sooner, you are likely to face large tax charges. The ...
Starting any new job can be daunting, but in flexible work, pay, tax or benefits can be more complicated than usual. Flexible working covers many different types of arrangements – temporary, casual, platform, contracting, flexitime, remote working etc. If you have any questions about your tax ...
Readers have been contacting us as they aren’t sure whether they need to tell HMRC about income that they have received gross (without tax taken off before they get it). Unfortunately, there is no easy answer as there are different sets of criteria you need to consider. Also, the law and HMRC ...
We have responded to the Low Pay Commission (LPC) consultation 2024, taking the opportunity to highlight two recent developments in the labour market with both tax and National Minimum Wage (NMW) considerations.
LITRG has submitted a response to the Public Accounts Committee inquiry into HMRC customer service.
LITRG has responded to HMRC’s consultation on raising standards in the tax advice market.