Announcement: HMRC restarts ‘Direct Recovery of Debts’
HM Revenue & Customs (HMRC) have restarted their ‘Direct Recovery of Debts’ (DRD) process, which enables the collection of unpaid tax directly from bank accounts in certain circumstances.
HM Revenue & Customs (HMRC) have restarted their ‘Direct Recovery of Debts’ (DRD) process, which enables the collection of unpaid tax directly from bank accounts in certain circumstances.
In advance of the 2025 Autumn Budget, LITRG have made a submission to HM Treasury recommending the operation of Pay As You Earn (PAYE) on the state pension.
The Low Incomes Tax Reform Group (LITRG) is encouraging taxpayers who can’t manage their tax affairs online and are due to start using Making Tax Digital (MTD) for Income Tax to check whether they can claim an exemption from the initiative, which launches in six months’ time.
LITRG have responded to HMRC’s consultation on the draft regulations for Making Tax Digital for Income Tax published in July. These regulations will eventually replace the regulations from 2021 and 2024.
The Low Incomes Tax Reform Group (LITRG) is urging self-employed taxpayers and landlords to file their 2024/25 tax return early to find out if Making Tax Digital will apply to them from next April.
Have you received a letter from HMRC which says you may need to change the way you report your income and expenses? If so, this is because HMRC think you may be required to follow their new Making Tax Digital for Income Tax rules from April 2026. This could mean a big change in the way you manage ...