HM Treasury: Statutory Debt Repayment Plan consultation
LITRG have responded to a HM Treasury consultation on the draft regulations to introduce a Statutory Debt Repayment Plan.
LITRG have responded to a HM Treasury consultation on the draft regulations to introduce a Statutory Debt Repayment Plan.
The cost-of-living crisis has seen an explosion of suggestions as to how to make some extra money to help make ends meet. But the tax consequences often get little or no mention! You must be on top of your taxes from the start so that you don’t accidentally miss an important deadline or make a ...
Some employers are starting to pay or reimburse employee business mileage at more than the HMRC ‘approved’ amount because petrol and diesel prices are soaring. But the Low Incomes Tax Reform Group (LITRG) cautions employees that they may not see the full benefit.
Now that Making Tax Digital (MTD) for VAT is mandatory for all VAT-registered businesses, LITRG are reminding traders who are about to register for VAT that they must also sign up for MTD - or apply for exemption from the new digital rules.
If you are an employee and you spend your own money on things you need for your job, you might be able to get tax relief. We know the rules can be confusing and that the process for claiming the tax relief can be off-putting. But you can do it by following the seven steps below.
The government has introduced various measures to assist with the cost of living crisis. This article briefly explains what these measures are and what this means for your tax and benefits.