It can be tempting to try and take money from your pension to help you out financially at a difficult time. But this is not always wise. Here we consider some of the punitive tax issues that may arise as well as actions you may take to protect yourself. The guidance here relates to UK registered pen...
30 September was the deadline by which those affected by the loan charge had to either agree a settlement with HMRC or report the loan charge on their tax return and pay the tax due (or arrange a payment plan). If you missed the deadline, all is not necessarily lost but you should seek help quickly....
Given the rise of remote working, you might be thinking of working for your UK employer while overseas – for example, if you are a migrant worker temporarily returning to your home country. However, doing so can carry a number of risks for both you and your employer. LITRG has published guidance on ...
HMRC have announced they are extending special tax credit rules for people whose working hours change temporarily due to coronavirus. Initially, these changes were expected to apply until 31 October 2020 but HMRC have now confirmed they will be extended whilst the Coronavirus Job Retention Scheme re...
Limited companies are cheap and easy to set up. But working through your own limited company is very different from being an employee or self-employed. You therefore need to consider all the factors before deciding to set one up to ensure you fully understand your obligations. Our new guidance will ...
If you are late paying your tax bill, HMRC usually charge you interest. There is talk in the media of the Bank of England possibly setting a ‘negative’ base interest rate. What does this mean for HMRC interest rates? ...