HMRC are now automatically signing up VAT-registered businesses to its new Making Tax Digital (MTD) for VAT programme. These are businesses which should have enrolled into MTD already.1 Under MTD, businesses need to keep their VAT records digitally if they do not already do so and fi...
For some time, LITRG have been raising concerns about certain tax refund companies with HMRC, around deeds or letters of assignment. Earlier this year we were contacted by several taxpayers who claimed refunds through one company – Tax Credits Limited (TCL). These taxpayers seemed unaware that a dee...
If you are VAT registered, you should now be within Making Tax Digital (MTD). This means you should be filing VAT returns through MTD compliant software since it became mandatory for you to do so from April 2022 at the latest. If you have not managed to get to grips with the MTD requirements yet,...
Salary advance schemes have been with us for some years, with numerous companies now promoting them through all areas of the labour market. HMRC have now confirmed what LITRG have been concerned about – that they are not compliant with current tax law. HMRC plan to introduce changes to legislation t...
Whilst welcoming today’s announcement that benefits, including universal credit, will rise by 10.1% from April 2023, LITRG are highlighting that some self-employed universal credit claimants may not see the full value of the rise. This is because the artificial minimum income floor that is applied t...
Today’s announcement that the National Living Wage rate will increase by 9.7% from 1 April 2023 will be of benefit to some workers, but LITRG are concerned some employers may try to avoid these extra costs by turning to the ‘false self-employment’ of workers, the effects of which can be detrimental ...