2017 news

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Published on 13 November 2017
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Taxpayers who were planning to use a personal credit card to pay their 2016/17 tax bill (due by 31 January 2018) will need to pay HMRC early or put alternative payment arrangements in place, warns the Low Incomes Tax Reform Group (LITRG).

tax-refund-HMRC-repayment-instructions-bank
Published on 7 November 2017
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It is the time of year when many taxpayers in self-assessment start thinking about submitting their tax returns to HMRC. Many of these tax returns will contain claims to repayment.

Published on 3 November 2017
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The Low Incomes Tax Reform Group (LITRG) has welcomed today’s announcement by the Government that there will be a one year delay before the removal of Class 2 National Insurance contributions (NICs) in order to enable consultation on the impact of its abolition on the self-employed on low incomes.

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Published on 31 October 2017
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Those considering their options under the new pension freedoms have a very wide range of largely unpredictable factors to take into consideration before making a major financial decision which could affect them – and their families – for perhaps the next 30 years.

Published on 30 October 2017
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A new report published today by the Low Incomes Tax Reform Group (LITRG) calls for changes to the universal credit system for self-employed claimants.

Shopping-online-tax-charges
Published on 26 October 2017
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Those on low incomes are often on the lookout for a bargain when shopping online. But LITRG have recently been contacted by someone who received an unexpected bill, having bought something ‘cheaply’ from the USA. This meant the item turned out to be more expensive than if he had just bought it in the UK.

Published on 23 October 2017
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The LITRG is advising people that if they miss the 2016/17 paper tax return deadline of 31 October 2017 they can avoid late filing penalties by submitting their return online by 31 January 2018.

Published on 13 October 2017
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The LITRG is urging HMRC to be ready to publicise new income allowances when they come into force to prevent confusion as to who is supposed to register for Self-Assessment this time next year.

Published on 12 October 2017
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The majority of services in the Personal Tax Account (PTA) will be unavailable this coming weekend (13 to 15 October 2017), while HMRC carries out planned upgrades to their IT systems.

HMRC-dynamic-coding-PAYE-tax
Published on 10 October 2017
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Under the new Pay As You Earn (PAYE) ‘dynamic coding’ system, HMRC are now making more frequent changes to tax codes. This aims to help people pay the right amount of tax by the end of the tax year, but it might cause problems for some people.