Taxpayers who have been fined for failing to file their Self-Assessment tax return on time may be able to have their penalties cancelled.
The Low Incomes Tax Reform Group (LITRG) is reminding taxpayers that the deadline for submitting most online 2021/22 Self-Assessment tax returns is less than two weeks away, on 31 January 20231. Unlike for the previous two years2, LITRG is not expecting HMRC to allow ...
The Low Incomes Tax Reform Group (LITRG) have given a broad welcome to HMRC’s plans to tighten up the tax refund company market - but are urging them to translate these plans into reality as soon as possible for taxpayers who need to claim tax relief.
The Low Incomes Tax Reform Group (LITRG) welcome today’s announcement that the introduction of HMRC’s flagship Making Tax Digital for Income Tax policy will be further delayed by another two years at least. LITRG are also pleased that the government have listened to their concerns about mandating ...
Taxpayers are being warned not to be caught out by expensive ‘call connection services’ when trying to contact HM Revenue and Customs (HMRC) telephone helplines. Some taxpayers inadvertently using these services have found themselves landed with a bill of more than £100 for a single call.
HMRC are now automatically signing up VAT-registered businesses to its new Making Tax Digital (MTD) for VAT programme. These are businesses which should have enrolled into MTD already.1 Under MTD, businesses need to keep their VAT records digitally if they do not already do so and ...