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Tax credits written on a sticky note stuck on a calendar
Published on 13 August 2020
news

Tax credit awards last for a maximum of one tax year (6 April to following 5 April). When you claim, your award is based on your circumstances for the year you claim and your income for the previous tax year. This is your initial award and the payments are provisional.

Image of HM Revenue & Customs building
Published on 13 August 2020
submissions

LITRG has responded to the consultation on proposals to change HMRC's Your Charter.

Image of the Welsh flag in front of a building
Published on 11 August 2020
news

Carers in Wales look likely to miss out on the full amount of a government bonus, warns the Low Incomes Tax Reform Group (LITRG).

coronavirus quarantine sign on a door
Published on 11 August 2020
news

The coronavirus situation may mean that you now face quarantine upon your return to the UK from time spent abroad. Here we look at some potential options for financial support if you cannot work as a consequence.

Image of the Scottish flag
Published on 5 August 2020
submissions

LITRG has made a submission in response to the call for views published by the Finance and Constitution Committee of the Scottish Parliament in relation to its pre-bud

Image of the words capital gains and a for sale sign
Published on 5 August 2020
news

New rules mean that UK residents with capital gains tax to pay on the sale of UK residential property have to report and pay this to HMRC within 30 days. Penalties for late reports apply from 1 August 2020. Here, we answer some frequently asked questions.

self employed writing in a book in a colourful office
Published on 3 August 2020
news

In the current economic climate, more people may be thinking of starting their own business as a means of making some extra cash, either as a primary or secondary source of income. Below we set out our top 10 tips for keeping on top of the tax and National Insurance aspects of self-employment.

Illustration of a hand holding a sign saying tax credits renewal
Published on 29 July 2020
news

The tax credits renewals deadline is 31 July 2020 and if you need to contact HMRC either to complete your renewal or to notify them about any changes or corrections, about your income or circumstances, you must do so by close of play 31 July.

Image of blocks spelling self and employed
Published on 28 July 2020
news

Some people may be in 'false self-employment' – that is, being treated as self-employed when they are not. A court has recently ruled that a ‘self-employed’ hairdresser was actually an employee. If you think you may be in false self-employment, read on to find out more and what to do.

Published on 22 July 2020
news

HMRC has announced1 that, from April 2023, self-employed businesses and landlords with turnover above £10,000 per year will be required to keep digital records and submit income tax updates every three months instead of filing annual self-assessment tax returns.

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