The Low Incomes Tax Reform Group (LITRG) is urging the estimated one million taxpayers who failed to file their tax return on time to get their tax affairs back on track.
The Low Incomes Tax Reform Group (LITRG) is urging people to check their National Insurance record to see if they can boost their state pension entitlement before 5 April 2025.
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 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 Low Incomes Tax Reform Group (LITRG) is warning that an HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension unless they take action.
In yesterday’s Autumn Statement, Chancellor Jeremy Hunt announced that Class 2 National Insurance Contributions (NIC) – normally paid by self-employed individuals – would be ‘abolished’ from next April.1 However the Low Incomes Tax Reform Group (LITRG) notes that this change does not ...