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Many red umberella's against a white background
Published on 16 May 2024

Umbrella company news and developments

Since the umbrella company consultation closed in August 2023, we have written several articles for ContractorUK on the topic, which we summarise here....

white piggy bank with the words 'CHILD TRUST FUND' written in black ink.
Published on 16 May 2024

Child Trust Funds - find them for free

The Low Incomes Tax Reform Group has urged young people to use a free HMRC tool to check if they have a Child Trust Fund (CTF), following concerns that some firms could be charging hundreds of pounds to trace and help withdraw the value of the fund. ...

raining gold confetti isolated on black, party background concept
Published on 14 May 2024

Taxation Awards 2024 – LITRG nomination

We are delighted to have been shortlisted in the ‘outstanding contribution to taxation in 2023/24 by a not-for-profit organisation’ category at the prestigious annual Tolley’s Taxation Awards. This is especially fitting as LITRG celebrated its 25th anniversary in 2023. ...

a clock with arms and legs running, on the clock face the word 'LATE' can be seen.
Published on 13 May 2024

Late tax return penalties: do you have a reasonable excuse?

If you miss the self assessment tax return deadline, HMRC will automatically send you a 'late filing penalty’ notice. Penalties start to increase the longer the tax return is outstanding. If you didn’t get your 2022/23 tax return submitted by 31 January 2024 and still have not sent it in, you m...

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