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 ...
We have responded to the Low Pay Commission (LPC) consultation 2022 looking at the impact of the minimum wage, the rates from 2023 and on enforcement and compliance issues.
Whether you are a waiter or a taxi driver, if you get tips (even cash tips), you cannot just put them in your pocket or bank account and be done with it! Here we explain how tips are taxed and tell you how to stay on the right side of HMRC.