The deadline for sending most online 2020/21 Self Assessment tax returns to HMRC, and for paying the related tax, is 31 January 2022. This year, HMRC will not charge you penalties straight away if you are a bit late. But you should still try to sort out your tax by 31 January if you can.
The Low Incomes Tax Reform Group (LITRG) welcomes today’s (Thursday) announcement from HMRC that they will not charge late-filing penalties for 2020/21 self-assessment tax returns filed online on or before 28 February 2022. HMRC have also announced that no late payment penalties will be charged for ...
Most CIS workers receive a tax refund (rebate) after they submit their Self Assessment tax return because they usually overpay towards their tax bill through CIS deductions at source. The 2020/21 tax year may be different because of the inclusion of the Self-Employment Income Support Scheme (SEISS) ...
We are pleased to publish our report ‘Labour Market Intermediaries: a technical report outlining how umbrella companies and other intermediaries operate in the labour market and the implications for workers who use them’.
The LITRG has published a paper ‘A better deal for the low-income taxpayer'.
This report outlines the challenges that the tax and benefits systems present to care workers – many of whom are already grappling with practices such as non-payment of travel time and zero-hours contracts – and puts forward a number of recommendations for reform.