Teach more tax in schools, say campaigners
The Low Incomes Tax Reform Group (LITRG) is calling on MPs to give tax more prominence in the school national curriculum.
The Low Incomes Tax Reform Group (LITRG) is calling on MPs to give tax more prominence in the school national curriculum.
Following the October 2021 Budget, the Finance (No. 2) Bill was published. LITRG has provided written evidence on the measure which changes when HMRC can issue a ‘discovery assessment’ (a way of collecting unpaid tax).
LITRG have recently responded to HMRC’s call for evidence ‘Income Tax Self Assessment registration for the self-employed and landlords’
Many self-employed, and partners in partnerships, claimed the fourth and fifth Self-Employment Income Support Scheme (SEISS) grants during the last tax year.1 LITRG is reminding SEISS claimants that these grant payments are taxable income and need to be included on their 2021/22 Self ...
The Low Incomes Tax Reform Group (LITRG) welcomes the changes to National Insurance for the self-employed announced in today’s Spring Statement. The threshold for paying both Class 2 and Class 4 National Insurance contributions (NIC) will be fully aligned with the threshold for paying income tax ...
LITRG is warning taxpayers who have not yet paid or agreed a payment plan with HMRC for their 2020/21 Self Assessment tax liability that they only have a week left to avoid a penalty. If any of the 2020/21 liability remains outstanding on 2 April 2022, taxpayers will be charged a penalty of five ...