The Low Incomes Tax Reform Group (LITRG) is warning people that they have until next Wednesday (30) to meet their loan charge reporting and payment obligations. The tax campaign group is particularly urging anyone who has worked through 'umbrella' companies to double-check whether they are liable ...
LITRG has commented on draft legislation which allows HMRC to issue a statutory information request to banks and other financial institutions without the approval of either the taxpayer or a tribunal. HMRC will also be able to issue ‘information notices’ for the purposes of tax debt collection, in ...
We are regularly contacted by members of the public via our websites with questions about their tax affairs. These contacts reflect how most unrepresented taxpayers try hard to get their tax affairs right, but sometimes fail because of confusion (so they inadvertently get things wrong) or lack of ...
The loan charge is a tax charge that needs to be reported and paid by the 30 September 2020. If you worked through an umbrella company in the past, you may have been paid through arrangements that are caught by the loan charge – although you may not have realised this was the case. In this article ...
LITRG has commented on draft legislation which aims to ensure that taxi and private hire vehicle drivers (and their operators), and scrap metal dealers, are tax compliant before they are able to renew their licences to operate.
Given the current unprecedented jobs and income situation, it is likely that some people could now pay less loan charge by way of the three-year spreading provisions, because one of those three years will be 2020/21.