2017 news

Payments-on-account-deadline-self-assessment
Published on 19 July 2017
news

If you are already in the self-assessment tax system (i.e. this is not your first self-assessment tax year) then you may be due to pay your second payment on account for the year ended 5 April 2017 by 31 July 2017. However you may not need to pay it at all, or indeed any of it, if your tax liability for 2016/17 is less than it was the previous year. We explain further.

checking-coding-notice
Published on 18 July 2017
news

From the end of June, HMRC have slightly changed the way they collect underpayments of tax from employees through PAYE (Pay As You Earn). Where the underpayment of tax is an estimate for the current year, you should be able to delay having that taken from your pay, if that would cause you financial difficulty.

expenses-tax-relief-P87
Published on 14 July 2017
news

Many people can claim expenses against their tax simply because they do a particular job. And you can make a claim for this yourself – it’s easy when you know how!

Published on 13 July 2017
news

The LITRG is hopeful that the benefits of digitalising the tax system will be better secured as a result of today’s announcement that compulsory digital record keeping and reporting will be deferred.

Published on 13 July 2017
news

A combination of recommendations in the Taylor Review could see many more gig economy workers treated as employees for tax purposes and their engagers liable for employers National Insurance, says LITRG. While this could help bring an element of certainty, unless issues in the tax system are addressed, LITRG warns that avoidance options will continue to be available to engagers.

©shutterstock/pathdoc
Published on 4 July 2017
news

LITRG are aware that HMRC have issued late filing penalties to taxpayers who have been given a duplicate unique tax reference (UTR) in error – this means that you may have received a penalty notice from HMRC despite having filed your Self Assessment (SA) tax return. If you have been affected, contact HMRC who should cancel the duplicate return and the late filing penalties in such cases. 

Can-i-claim-working-tax-credit
Published on 29 June 2017
news

We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support. Some of the replies might be useful to others, so occasionally we will post them anonymously as ‘question and answer’ news items. We have received questions recently, such as the one below, on the new 2-child limit for tax credits. 

Can-i-claim-working-tax-credit
Published on 19 June 2017
news

We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support. Some of the replies might be useful to others, so occasionally we will post them anonymously as ‘question and answer’ news items. Here, we were asked about employee travel expenses.

Can-i-claim-working-tax-credit
Published on 16 June 2017
news

We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support. Some of the replies might be useful to others, so occasionally we will post them anonymously as ‘question and answer’ news items. Here, we were asked about tax on starting a self employed business.

Published on 15 June 2017
news

If you claim Child Benefit, you may be awarded National Insurance credits that count towards your entitlement to some benefits such as the state pension. But if you are already paying enough National Insurance contributions, through working for example, or being awarded credits already, then you may not need the child benefit credits so you could transfer them to your partner.