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The loan charge – here’s how to deal with it

Published on 17 July 2019
news

Now that the loan charge has come into effect, it is time to look at some of the practical considerations around reporting and paying the loan charge. If you are on a low income, there are a number of steps you still need to go through between now and the 31st January 2020, even if you don’t think you will be able to afford to pay what you owe. We explain the steps in this article.

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retirement planning and pension pitfalls

Pension pitfalls

Published on 11 July 2019
news

Think of taking money out of your pension? Watch out for possible traps, including unexpected tax charges and limiting future pension contributions.

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Press Release: LITRG urges parents to understand their childcare support choices this summer

Published on 10 July 2019
news

School summer holidays bring the perennial headache for parents to find childcare cover. The good news is that they can get help with childcare costs. But LITRG says it is crucial that parents understand which of several government supported schemes is best for them because the consequences of getting it wrong can be costly.

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payslip

UC two payments in one assessment period problem – what next?

Published on 10 July 2019
news

Since posting our recent news article looking at the Johnson case and the two payments in one assessment period problem, we have been inundated with emails from people who are affected by this issue. Here, we provide an update on where things are following the Johnson case and provide some pointers on what people should do next.

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Press release: A new service to close pension freedoms advice gap essential, says LITRG

Published on 5 July 2019
news

The Low Incomes Tax Reform Group (LITRG) is calling on the new Money and Pensions Service (MAPS) to urgently consider setting up a free pension freedoms advisory service to help those on low incomes.

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retirement plan

Money and Pensions Service – Listening document

Published on 2 July 2019
submissions

The Money and Pensions Service (aka the single financial guidance body) is bringing together the Money Advice Service, Pension Wise and The Pensions Advisory Service.

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Checking your P800

Received a P800? Check it is correct!

Published on 28 June 2019
news

Over the next few months, millions of people who pay tax through PAYE will receive P800 calculations from HMRC telling them they have either underpaid, or overpaid, tax. Any calculations should be treated with caution – it is by no means certain that they will be correct or should be agreed.

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Blue Badge holder

Did you know that certain tax reliefs come with having a blue badge?

Published on 25 June 2019
news

People with hidden disabilities such as anxiety and dementia may be able to apply for blue badge car parking permits from 30 August 2019. Did you know that there are certain passported benefits that blue badge holders may be able to access – including tax reliefs that could mean a lower company car tax charge? 

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Press Release: Relief available for taxpayers struggling to find accessible software for new tax rules

Published on 19 June 2019
news

Anyone who cannot find suitably accessible software to comply with the new Making Tax Digital for VAT rules should apply to HMRC for a temporary exemption, says the Low Incomes Tax Reform Group (LITRG).

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Low Pay Commission: April 2020 National Minimum Wage rates

Published on 10 June 2019
submissions

This is the first time we have responded to one of their annual consultations, but this year, we thought there were some areas of questioning that we could usefully co

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