If you work from home, you may be worried about increasing energy bills. However, there are some tax and benefit rules that might help ease some of the cost for you.
LITRG has responded to HMRC’s consultation on the draft Notices required under the Income Tax (Digital Requirements) Regulations 2021. We took the opportunity to express continued concern about the readiness of the MTD for ITSA (Making Tax Digital for Income Tax Self Assessment) programme for a ‘go ...
Tax credit awards last for a maximum of one tax year (6 April to following 5 April) so you must renew your claim each year to continue getting tax credits. The deadline for renewing tax credits was 31 July. If you did not renew by that date, HMRC will now stop your tax credit payments. If this has ...
LITRG have responded to a HM Treasury consultation on the draft regulations to introduce a Statutory Debt Repayment Plan.
The cost-of-living crisis has seen an explosion of suggestions as to how to make some extra money to help make ends meet. But the tax consequences often get little or no mention! You must be on top of your taxes from the start so that you don’t accidentally miss an important deadline or make a ...
Some employers are starting to pay or reimburse employee business mileage at more than the HMRC ‘approved’ amount because petrol and diesel prices are soaring. But the Low Incomes Tax Reform Group (LITRG) cautions employees that they may not see the full benefit.