LITRG submitted a response to the Public Accounts Committee inquiry into HMRC’s 2022-23 Standard Report.

Clause 16 and Schedule 10 change the current rules for reporting information on self assessment tax returns for most unincorporated businesses. The aim is to allow more sole traders and partnerships to be eligible to use the cash basis rather than the accruals basis (also known as traditional ...

The Low Incomes Tax Reform Group has reassured those selling goods and services online that they won’t be subject to a new “side hustle tax”, despite information online in the past few days suggesting otherwise.

The Low Incomes Tax Reform Group (LITRG) has responded to the news¹ that between 11 December and 31 January, HMRC’s self assessment helpline will focus only on ‘priority queries’, with other enquiries directed online.

Whilst welcoming yesterday’s announcement that the national living wage will increase to £11.44, the Low Incomes Tax Reform Group (LITRG) are highlighting that some self-employed universal credit claimants may be negatively impacted by the rate increase - even though they are not entitled to it.

The Low Incomes Tax Reform Group (LITRG) are warning people on lower incomes of the potential risks when answering an advert to become a director of a company in exchange for a fee.