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Published on 23 September 2021

Extension of £500 payment for working households on tax credits

In April 2021, HMRC made one-off payments of £500 to 1.4 million working households on tax credits. This was part of the Government’s response to the coronavirus pandemic. An extension to the scheme has now been announced, which means a small number of tax credit claimants who did not qualify for ...

a bunch of post-it notes all with the same words written on them saying 'WHAT'S NEXT?'
Published on 23 September 2021

SEISS grants – what happens next?

Since May 2020 there have been five Self Employment Income Support Scheme (SEISS) grants which the self-employed and partners in business partnerships may have been eligible to claim. As the claim period for the fifth grant ends on 30 September 2021, this article rounds up some useful information ...

the word 'REVIEW' in yellow text next to a yellow lightbulb surrounded by screws against a blue background
Published on 14 September 2021

HMRC review penalty position for offshore tax liabilities

HMRC have advised LITRG that they are reviewing the penalty position of taxpayers to whom they issued protective assessments in March 2021 relating to offshore tax liabilities. HMRC will discuss the position with the taxpayer first, before sending the taxpayer a penalty explanation letter.

wooden blocks each with a letter on them spelling out the word 'LOAN''
Published on 17 August 2021

Help for those with unfinished loan charge business

The loan charge situation continues to rumble on, with many people still trying to deal with difficult, ongoing issues. Here we offer some information and support to four different groups of people we have identified, who may have outstanding loan charge issues to resolve.

A person holding a piece of cardboard with the words 'LOST MY JOB' written on it in black ink
Published on 16 August 2021

Tax if you lose your job

If you’ve just lost your job, you might be wondering if you can claim a tax refund… Because your tax is usually calculated on a yearly basis, if you’ve stopped working part way through the tax year, you might have paid too much tax and be able to claim a refund!

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