LITRG is urging those affected by the loan charge not to leave it until the last minute to try and arrange a payment plan.
If you have not yet paid (‘deferred’) your Self Assessment second payment on account for 2019/20, HMRC may automatically allocate payments made after 31 July 2020 agai
The Low Incomes Tax Reform Group (LITRG) is warning people that they have until next Wednesday (30) to meet their loan charge reporting and payment obligations.
LITRG welcomes the opportunity to respond to HMRC’s call for evidence on tackling disguised remuneration tax avoidance.
We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support.
From this month, the first of 6.3 million Child Trust Fund accounts can be accessed.
For most people working at home over lockdown, there will have been no travelling expenses.
We are regularly contacted by members of the public via our websites with questions about their tax affairs.
The loan charge is a tax charge that needs to be reported and paid by the 30 September 2020.
Tax returns that are filed on paper, rather than online, normally need to be with HM Revenue & Customs (HMRC) by 31 October following the end of the tax year.
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