For some time, LITRG have been raising concerns about certain tax refund companies with HMRC, around deeds or letters of assignment. Earlier this year we were contacted by several taxpayers who claimed refunds through one company – Tax Credits Limited (TCL). These taxpayers seemed unaware that a dee...
Following pressure from the Low Incomes Tax Reform Group (LITRG) to investigate the end-to end process used by Tax Credits Ltd, a tax refund company, to sign people up to its services, HMRC have announced they will now take steps to resolve the situation for affected taxpayers. LITRG welcome this an...
Today the Government announced, in the Growth Plan 20221, that they intend to reduce the UK basic rate of income tax to 19% (from its current 20%) from April 2023. This is in addition to yesterday’s announcement that they will reduce national insurance contribution rates from 6 Novem...
The Low Incomes Tax Reform Group (LITRG) is warning that changes to off-payroll working rules announced today could result in more agency workers finding themselves working through single person limited companies....
The Low Incomes Tax Reform Group (LITRG) is calling on the Government to review the high income child benefit charge as part of its planned review of how families are taxed....
One option to help with the cost-of-living crisis is to try and increase your income by doing a bit of freelancing on top of your usual work. But with extra income comes tax considerations which can be easily overlooked. ...