The Low Incomes Tax Reform Group (LITRG) is urging people to contact HMRC if they have missed the tax credits renewals deadline (31 July). The sooner people contact HMRC then the sooner they can get their tax credit payments re-started – or if they are lucky, they might catch HMRC in time to renew before their payments are stopped.
If you are already in the self-assessment tax system (i.e. 2017/18 was not your first self-assessment tax year) then you may be due to pay your second payment on account for the 2017/18 tax year by 31 July 2018. However you may not need to pay it all, or indeed any of it, if your tax liability for 2017/18 is less than it was in 2016/17. Here we explain further.
We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support. Some of the replies might be useful to others, so occasionally we will post them anonymously as ‘question and answer’ news items.
The Low Incomes Tax Reform Group (LITRG) has expressed disappointment at the Government’s response to the recommendations made by the Work and Pensions Committee’s ‘Universal Credit: supporting self-employment’ report.
The Low Incomes Tax Reform Group (LITRG) is disappointed with a government action plan that sets out a programme of work to support unpaid carers. LITRG said the new plan ignores the difficulties caused by the interactions between Carer’s Allowance, the minimum wage and tax credits.
The Low Incomes Tax Reform Group (LITRG) has given a qualified welcome to a new ‘penalty point’ model for late submission of tax returns, contained in draft legislation published today. The group thinks the penalty point approach should be easy for taxpayers to understand, but is concerned that other aspects of the new regime may prove more complex.
If so, you are not alone! Recent research has shown that almost half (45%) of UK adults have struggled with everyday tasks involving maths, including checking they have been taxed the right amount on a payslip. But the good news is that there is help out there!
If you are on Universal Credit (UC) and incur expenses as part of your job, then make sure you tell your work coach or case manager about them, as they could reduce your earned income for UC purposes, meaning a higher award.