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Are you affected by the 2019 ‘loan charge’? Help is available

Published on 13 September 2018
news

HMRC are taking action (the April 2019 ‘loan charge’) against certain loan arrangements (‘disguised remuneration’ schemes) that were designed to avoid tax, leaving many workers with potentially huge bills to pay. HMRC appreciate that not everyone entered into these arrangements knowingly to avoid tax.

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Widowed parent’s allowance: Supreme Court win for survivor of unmarried couple

Published on 13 September 2018
news

In a case heard on 30 August, the UK Supreme Court has found that in refusing widowed parent’s allowance (WPA) to a survivor of an unmarried couple on the grounds that she was not married to her late partner, the legislation was incompatible with the European Convention on Human Rights (ECHR).

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Press Release: Help to Save welcomed but watch out for withdrawal penalties

Published on 12 September 2018
news

The Low Incomes Tax Reform Group (LITRG) comments on the launch of the Help to Save scheme today, which gives some tax credits or Universal Credit claimants the opportunity to earn a tax-free bonus of up to 50 per cent on amounts saved.

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Eligibility for free school meals in Wales

Published on 12 September 2018
submissions

As Universal Credit (UC) continues to be rolled out across the country, replacing most of the legacy ‘passport’ benefits for free school meals, the Welsh Government is

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Partial surrenders of life policies ©Tadas_Zvinklys

The Requirement to Correct – 30 September deadline fast approaching!

Published on 12 September 2018
news

UK taxpayers must declare historic foreign income and gains to HM Revenue & Customs (HMRC), where there might be outstanding UK tax to pay, before 30 September 2018 – this is known as the Requirement to Correct. From 1 October 2018, new, significantly higher penalties will apply to UK taxpayers who have failed to pay all the UK tax due on their foreign income and gains.

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Carer’s Allowance – can deductible employment expenses help you qualify?

Use Pension Awareness week to look at your retirement finances

Published on 12 September 2018
news

This week is Pension Awareness week (10 to 15 September 2018). It is easy to put off thinking about your pension but that could cost you a lot of money. Also pension scams are becoming more prevalent and you need to be vigilant to avoid these.

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Press Release: Campaigners call for comprehensive review of National Insurance

Published on 7 September 2018
news

Following yesterday’s announcement by the government that it has abandoned its plans to abolish Class 2 National Insurance contributions (NIC) for the self-employed, campaigners have said the whole area of National Insurance needs a comprehensive review.

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Work and Pensions Committee inquiry into pension costs and transparency

Published on 5 September 2018
submissions

LITRG welcome the opportunity to provide input into this inquiry – we feel able to comment on the broad issues raised, given the importance of tax across the whole rea

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Press Release: October 5 deadline warning among advice in urgently needed ‘gig economy’ factsheet

Published on 4 September 2018
news

The Low Incomes Tax Reform Group (LITRG) is reminding people who work in the ‘gig economy’ that the 5 October self-assessment registration deadline is approaching fast. The advice is included in LITRG’s new tax factsheet for those working in the growing ‘gig economy’ sector.

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Press Release: Autumn term starting soon – make sure you claim your tax refund!

Published on 3 September 2018
news

The LITRG is reminding students who have been working over the summer to make sure they have not overpaid tax and, if they have, to claim a refund from HMRC.

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