How does universal credit work if I have a limited company?
This is a question we are seeing a lot, given tax credits have ended and the transition for many people, to universal credit, is complete.
This is a question we are seeing a lot, given tax credits have ended and the transition for many people, to universal credit, is complete.
The government has commissioned a new independent review of the Loan Charge. A call for evidence has now been published, closing on 30 May 2025. Individuals wishing to respond are asked to do so at their earliest opportunity, using the form provided.
From 6 April 2025, the pay threshold at which you must operate a Pay As You Earn (PAYE) scheme is dropping to £96 a week. This follows the reduction in the level at which employer National Insurance is paid from 2025/26. If you employ someone, you may need to register with HMRC for the first time ...
The government has confirmed alongside today’s Spring Statement that HMRC is to require taxpayers in its Making Tax Digital programme to complete their self assessment tax returns using third party software. LITRG is concerned that this will make it harder for some unrepresented taxpayers to meet ...
From 1 April 2025, the national minimum wage (NMW) for adults 21 and over will increase to £12.21. For many low paid workers, this may help with the increased cost of living. However for others, the pay rise may be less than expected, due to various interactions. Here we set out a few of the key ...
Tax credits are being replaced by universal credit. Most existing tax credit claimants have now moved to universal credit or pension credit. In line with previously announced plans, there will be no more tax credit awards after 5 April 2025. If you are still receiving tax credits, you may need to ...