How does universal credit work if I have a limited company?
This is a question we are seeing a lot, given tax credits have ended and the transition for many people, to universal credit, is complete.
This is a question we are seeing a lot, given tax credits have ended and the transition for many people, to universal credit, is complete.
The government has commissioned a new independent review of the Loan Charge. A call for evidence has now been published, closing on 30 May 2025. Individuals wishing to respond are asked to do so at their earliest opportunity, using the form provided.
From 6 April 2025, the pay threshold at which you must operate a Pay As You Earn (PAYE) scheme is dropping to £96 a week. This follows the reduction in the level at which employer National Insurance is paid from 2025/26. If you employ someone, you may need to register with HMRC for the first time ...
From 1 April 2025, the national minimum wage (NMW) for adults 21 and over will increase to £12.21. For many low paid workers, this may help with the increased cost of living. However for others, the pay rise may be less than expected, due to various interactions. Here we set out a few of the key ...
About half of all employees might have been eligible for a tax refund for 2020/21 because of working from home during the coronavirus pandemic. If you were required to work from home during this time, and were not reimbursed for your expenses by your employer, there are two things to know: 1) The ...
If you are employed through an umbrella company, it may be useful for you to know that you can now request a free ‘payslip audit’ via our website. This will be carried out by special software developed by compliance and technology firm SafeRec, who have kindly provided LITRG with free access to the ...