Now that Making Tax Digital (MTD) for VAT is mandatory for all VAT-registered businesses, LITRG are reminding traders who are about to register for VAT that they must also sign up for MTD - or apply for exemption from the new digital rules.
If you are an employee and you spend your own money on things you need for your job, you might be able to get tax relief. We know the rules can be confusing and that the process for claiming the tax relief can be off-putting. But you can do it by following the seven steps below.
The government has introduced various measures to assist with the cost of living crisis. This article briefly explains what these measures are and what this means for your tax and benefits.
The Low Incomes Tax Reform Group (LITRG) gives a cautious welcome to today’s publication of draft legislation1 aiming to address the issue of an estimated more than one million low-income workers (mostly women) not receiving a government incentive to save into their workplace pensions. ...
LITRG’s response to this call for evidence makes a brief but important point: all pension schemes must provide members with information on the wider financial impacts of pension choices so that individuals understand their net income position. Failure to understand tax and benefits consequences can ...
The Low Incomes Tax Reform Group (LITRG) has welcomed a consultation issued today by HMRC which aims to find ways to protect taxpayers from unacceptable behaviour by some Repayment Agents. However, LITRG is concerned that any action could take time to materialise, and taxpayers could lose out in ...