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Following the Chancellor’s loan charge update at the recent Budget, a number of documents have been published that give some indication of next steps. 

We have refreshed our guidance on the rent-a-room scheme to provide clearer information about how the relief works if you need to file a tax return for any other reason. This update is designed to help you understand how to complete your self assessment tax return correctly. 

After much speculation, the Chancellor finally delivered her long awaited 2025 Autumn Budget statement on 26 November. In this article, we set out some of the measures that are likely to impact on individuals - in particular, those on lower incomes.  

LITRG welcomes today’s announcement that taxpayers who are required to take part in Making Tax Digital (MTD) for Income Tax from next April will not be charged penalty points if they fail to submit any of their compulsory quarterly updates of income and expenses late during the first 12 months.

The Low Incomes Tax Reform Group (LITRG) has commented on the decision to freeze the personal allowance for a further three tax years from April 2028 to April 2031.

Some self-employed taxpayers have been affected by an issue where their 2024/25 tax calculations wrongly included class 2 National Insurance. HMRC have now provided an update.