The CIOT’s Low Incomes Tax Reform Group (LITRG) has published new information to support those impacted by the government’s new Low Earner’s Pension Payment (LEPP).
The Low Earner’s Pension Payment is designed to address a difference in the amount of tax relief given to some people who save into a workplace pension because of the way their pension scheme operates. Starting this autumn, the service will initially be tested with a limited number of eligible ...
If you still haven’t filed your 2024/25 Self Assessment tax return, then read on! HMRC will charge penalties of £10 per day in most cases if they don’t receive your 2024/25 return by 30 April 2026. If your return shows that Making Tax Digital should apply to you, you also run the risk of falling ...
For most people, the deadline to submit their 2024/25 self assessment tax return was 31 January 2026, and HMRC have estimated that 1 million people missed this deadline. If you are one of them, don’t bury your head in the sand – follow the relevant steps set out below to get your tax affairs back ...
If you’ve received a tax calculation from HMRC which includes an interest income figure, it’s worth taking some time to check that figure is correct. If it isn’t, you may end up paying more tax than you owe.
HMRC have issued a reminder that people who have overpaid tax through the Pay As You Earn (PAYE) system will need to claim their tax refunds, as HMRC no longer issue them automatically.