The Scottish Parliament has approved the rates and thresholds for Scottish income tax that will apply to the non-savings and non-dividend income of Scottish taxpayers during the tax year 2023/24. ...
We are pleased to publish our latest report, looking at the importance of effective guidance for unrepresented taxpayers. ...
For some people affected by the loan charge, the law says that a further tax charge is due as well as the loan charge itself. HMRC have recently explained that in certain circumstances they won’t seek to collect this further tax charge. However, you may still receive correspondence from HMRC about i...
The Chartered Institute of Taxation’s Low Incomes Tax Reform Group (LITRG) has today published a new report to help HMRC improve the way it provides guidance to taxpayers. ...
HMRC issue some tax refunds automatically. However, in other cases, you need to actively claim tax refunds. For example, those for the marriage allowance, those for job-related expenses that you paid for yourself, and those where too much tax was withheld at source on payment protection insurance (P...
The Low Incomes Tax Reform Group (LITRG) has welcomed the announcement in today’s Budget1 that the Money Purchase Annual Allowance (MPAA) will increase from £4,000 to £10,000 a year from 6 April 2023. But LITRG is warning savers that they still need to notify their pension providers if th...