LITRG has responded to a recent HMRC and Department for Business and Trade consultation on the use of electronic invoicing. 

As the 2024/25 tax year has just ended, some self-employed individuals and partnerships will be starting to complete their tax return. There has been a change in the tax rules about how you disclose your accounting information to HMRC on your tax return. This article briefly explains the changes ...

HMRC previously announced that Industrial action would impact some HMRC employer helplines between 23 December 2024 and 14 March 2025. This has now been extended to 16 May 2025 HMRC say they have robust plans in place to ensure they continue delivering critical services. 

In a press release issued on 23 January 2025, the Government announced ‘a new independent review into the Loan Charge’ to be led by Ray McCann. At the same time, HMRC published an operational briefing relating to the review.

HMRC are sending text messages to people who are unrepresented and self-employed or partners in partnerships who may be affected by basis period reform in the 2023/24 tax year.

The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) respond to the Senedd Finance Committee’s consultation on the Visitor Accommodation (Register and Levy) (Wales) Bill.