Working tax credit
Working tax credit is paid by HM Revenue & Customs (HMRC) to support people who work and are on a low income. It does not matter whether you are an employee or self-employed.
Working tax credit is paid by HM Revenue & Customs (HMRC) to support people who work and are on a low income. It does not matter whether you are an employee or self-employed.
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.
The Low Incomes Tax Reform Group (LITRG) has welcomed the main findings of the Public Accounts Committee’s review of HMRC’s progress with its Making Tax Digital (MTD) programme, as set out in its report published today, especially in relation to the impact on unrepresented taxpayers.
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.
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 ...