LITRG is an initiative of the Chartered Institute of Taxation, which is an educational charity. Since 1998, LITRG has been working to improve the policy and processes of the tax, and associated welfare systems, for the benefit of those who are least able to pay for professional advice.We are not ...
The tax credits system closed on 5 April 2025, so no tax credit awards will continue after that date. Most people will have been invited to claim either universal credit or pension credit. Some people may still need to finalise their 2024/25 tax credit claim after 6 April 2025 and this page ...
The loan charge date of 5 April 2019 is drawing ever closer. If you reach a ‘settlement’ with HMRC before this date, then the loan charge will not apply. But you may be hearing or reading things that are stopping you from contacting HMRC about settlement and you may be confused about what to do for ...
The Low Incomes Tax Reform Group (LITRG) is urging low-paid workers affected by the 2019 loan charge to consider contacting HMRC about the option to settle – before they lose the chance.
The loan charge date of 5th April 2019 is drawing ever closer. HMRC say that if you want to reach a settlement with them to avoid the loan charge but missed the 30 September registration deadline, you should still come forward. Although HMRC cannot now guarantee to be able to reach a settlement with you before the loan charge arises, the earlier you get in touch with HMRC, the more chance there ...
HMRC are taking action (the April 2019 ‘loan charge’) against certain loan arrangements (‘disguised remuneration’ schemes) that were designed to avoid tax, leaving many workers with potentially huge bills to pay. HMRC appreciate that not everyone entered into these arrangements knowingly to avoid ...