Salary advance schemes have been with us for some years, with numerous companies now promoting them through all areas of the labour market. HMRC have now confirmed what LITRG have been concerned about – that they are not compliant with current tax law. HMRC plan to introduce changes to legislation ...
Whilst welcoming today’s announcement that benefits, including universal credit, will rise by 10.1% from April 2023, LITRG are highlighting that some self-employed universal credit claimants may not see the full value of the rise. This is because the artificial minimum income floor that is applied ...
Today’s announcement that the National Living Wage rate will increase by 9.7% from 1 April 2023 will be of benefit to some workers, but LITRG are concerned some employers may try to avoid these extra costs by turning to the ‘false self-employment’ of workers, the effects of which can be detrimental ...
The Low Incomes Tax Reform Group (LITRG) has written to the Financial Secretary to the Treasury (FST) suggesting improvements to the government's proposals to make ‘top-up payments’ to low-income pension savers who currently miss out on government retirement savings incentives.
Following pressure from the Low Incomes Tax Reform Group (LITRG) to investigate the end-to end process used by Tax Credits Ltd, a tax refund company, to sign people up to its services, HMRC have announced they will now take steps to resolve the situation for affected taxpayers. LITRG welcome this ...
The Low Incomes Tax Reform Group (LITRG) is calling on the Government to review the high income child benefit charge as part of its planned review of how families are taxed.