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Published on 5 December 2019
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LITRG is calling on HMRC to consider using their powers to remove the requirement that those in the loan charge settlement process – who have not settled by 31 January 2020 – should have to file a tax return to report the charge, only to amend it to remove the charge once settlement is reached.

students in a group
Published on 5 December 2019
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Recent research suggests that up to 4% of students are self-employed, usually by selling items based on craft hobbies or re-selling items regularly on internet auction sites.

Dialling-a-telephone-0300-numbers
Published on 29 November 2019
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HMRC’s direct dial phone numbers normally begin with 0300. For a long time, commercial businesses have been taking advantage of people not really knowing this, let alone the exact number they need – but hopefully not for much longer!

Published on 26 November 2019
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The Low Incomes Tax Reform Group (LITRG) has welcomed a commitment in the Conservative manifesto to ‘conduct a comprehensive review to look at how to fix’1 an injustice which means many low-income workers unfairly miss out on tax relief.

Published on 25 November 2019
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The loan charge review was originally expected to report in mid-November. Due to the general election on 12 December, the report will now be delivered to the new Government on its formation instead. It could therefore easily be January before any decisions are made. As a result, HMRC have published updated guidance announcing new obligations for many people in the settlement process.

quitting work job
Published on 20 November 2019
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When you finish work, perhaps because your contract has come to an end or you have been made redundant or have even been sacked, it isn’t unusual to need to claim financial support from the government. If you claim universal credit, you need to understand how any final pay from your old employer can impact on your claim.

rented properties to let
Published on 18 November 2019
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HMRC have started to send out letters to some tenants where they think the property is owned by an overseas company or trust as the landlord. This article explains more about the letters and what action you need to take.

young-people-using-mobile-devies
Published on 18 November 2019
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Read our new How does PAYE work? factsheet, then see if you can answer some questions to test your understanding.  

worried pensioners
Published on 14 November 2019
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For those who reached state pension age before 6 April 2016, it is possible to get a state pension lump sum if you have deferred claiming it. If you’re going to claim such a lump sum, check carefully how your tax ‘allowances’ may affect how much tax you may have to pay on it. We have seen people making costly mistakes.

woman-worrying
Published on 6 November 2019
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Are you a courier, delivery driver, taxi driver or something similar? You may have heard that you can charge more for your services if you voluntarily register for VAT or that you can bolster your earnings under the Flat Rate VAT scheme.