At the start of each new tax year (from 6 April) there are changes to minimum wage rates, tax rates and other rates. If you are employed, these changes might affect your ‘take home pay’ or ‘net pay’ – that is the money that ends up in your bank account when you are paid by your employer. ...
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. ...
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 a...
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. ...
The Low Incomes Tax Reform Group (LITRG) is a member of HMRC’s Charter Stakeholder Group. As such, we have been invited to provide our reflections on how HMRC have performed against the Charter standards over the period April 2021 to March 2022. We are giving you the chance to shape our comments. We...