Latest updates

LITRG has responded to a recent HMRC consultation on simplifying the taxation of offshore interest.

The Low Incomes Tax Reform Group (LITRG) has published new guidance¹ to help people making money through online platforms to use their ‘seller information statements’ to check their tax position and complete a January tax return if necessary. 

In a press release issued on 23 January 2025, the Government announced ‘a new independent review into the Loan Charge’ to be led by Ray McCann. At the same time, HMRC published an operational briefing relating to the review.

Working through an online platform? You may shortly receive a seller information statement which is an important document for your taxes. We have prepared some new guidance about seller information statements. In this article we tell you about our new guidance and show you how it can help to use ...

The 2023/24 self assessment online tax return deadline is 31st January 2025. If you have a tax return to complete online, but have not yet got started then it’s time to take action. In this article we share some hints and tips if you are feeling stuck and explain where you might find last minute ...

HM Revenue & Customs (HMRC) are sending letters and emails to people that they think have carried out deliveries for a delivery company during the tax year ended 5 April 2024 but who do not appear to have declared this income to HMRC yet. We explain more about these emails and letters, and what ...