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The Low Incomes Tax Reform Group (LITRG) is urging low-paid workers affected by the 2019 loan charge to consider contacting HMRC about the option to settle – before they lose the chance.

LITRG are reminding people who have earned a small amount of income through self-employment, casual work, the sharing economy or from any property they own (such as renting out a driveway), that they may not need to inform HMRC or pay any tax on that income because of two new allowances, the Trading and Income Allowance (known as the 'Trading Allowance') and the Property Income Allowance.

You may have recently seen a picture circulating on social media that claims to be of a fake HMRC letter. The post states that the phone number provided is a premium rate number and that HMRC has confirmed that it is a scam. We have checked this directly with HMRC and it is not a scam – it is, in fact, an official HMRC letter, the contents of which should not be ignored.