What is Making Tax Digital?
Making Tax Digital for income tax is a new system for recording and reporting income and expenses for some people who are self-employed and/or receive property income, and for completing their annual tax return.
Making Tax Digital for income tax is a new system for recording and reporting income and expenses for some people who are self-employed and/or receive property income, and for completing their annual tax return.
The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation, is encouraging workers who are eligible for HMRC’s new loan charge settlement terms to review any offer carefully and consider engaging with HMRC. For many eligible people, the amount due under the new settlement terms ...
Registering for Self Assessment refers to the process by which you tell HMRC that you need to send a Self Assessment tax return, if you do not already do so. Once you have registered, HMRC issue you with a unique taxpayer reference (UTR), and send you a formal notice to file a tax return for a ...
This page brings together links to LITRG’s detailed guidance on the loan charge and explains where you can get further help if you need more than guidance.
Many people affected by the loan charge will be invited to settle for a reduced amount or even nil under the new settlement scheme. This page, which sets out our previous information about the loan charge, is therefore largely retained for information purposes. However, it may still be helpful to ...
The Robin Williamson Grant Fund was set up thanks to a generous donation to the Chartered Institute of Taxation (CIOT) in recognition of the late Robin Williamson’s long service in supporting those on low incomes, who could not afford to pay for advice, with tax and related welfare problems.