Starting a new business can be both an exciting and daunting time. There are many things to think about, including what you need to do to prepare your business accounts and tax return. This article briefly explains what you can do now to help simplify your future tax, in view of two major changes...
The Low Incomes Tax Reform Group (LITRG) has welcomed a consultation issued today by HMRC which aims to find ways to protect taxpayers from unacceptable behaviour by some Repayment Agents. However, LITRG is concerned that any action could take time to materialise, and taxpayers could lose out in the...
If you have recently arrived from Ukraine – welcome to the UK. You may be looking for work or have a job waiting for you. We know it can be daunting living and working in a new country, especially if this is your first time or you don’t speak English well. This article explains what guida...
The current squeeze on people’s incomes might lead some people to consider drawing on savings. The Low Incomes Tax Reform Group (LITRG) is concerned that hasty decisions to take money out of pensions could lead to costly mistakes. The group urges people to exercise caution and seek help....
The Low Incomes Tax Reform Group (LITRG) is calling on MPs to give tax more prominence in the school national curriculum....
Tax credit claimants are now receiving their annual renewal pack. This allows claims for 2021/22 to be finalised at the same time as making a new claim for 2022/23. This year, renewal packs also include a flyer about universal credit. We explain what you should do with your renewal pack and what you...