Paper tax returns: HMRC agree to make things easier following LITRG concerns
The Low Incomes Tax Reform Group (LITRG) has welcomed a decision by HMRC that will make it easier for taxpayers to file a paper tax return.
The Low Incomes Tax Reform Group (LITRG) has welcomed a decision by HMRC that will make it easier for taxpayers to file a paper tax return.
Because of the ‘Tipping Act’, which came into force on 1 October 2024, more workers may now receive tips or receive them in different ways. Here we remind you that tips are taxable income and point you to the guidance on our website that explains what this means for you.
Online platforms are now required to collect information about certain people selling goods or services through their site, and report it to HMRC. Because of this, they may have changed their sign-up processes (sometimes called ‘onboarding’ processes) and the questions they are asking. Here we help ...
The Low Incomes Tax Reform Group (LITRG) is pleased to have the opportunity to make a budget representation 2024 in relation to the gig economy and OECD online platform reporting rules.
The dividend allowance has reduced significantly in recent times, and from 6 April 2024 is only £500. Anyone who receives dividends of more than £500 in a tax year will now have to pay tax on that income, unless their total income falls below the normal tax free personal allowance.But are HMRC ...
The EDM is a concerning model of engagement aimed at low paid workers in the temporary labour market, which exploits the fault line between employment law status and tax law status. We have had guidance on our website to help workers steer clear of the EDM for many years. However, recently there ...