Changes to VAT penalties and interest from 01 January 2023

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…

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New VAT penalty regime and other VAT news

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…

1.25% increase to NIC and dividend tax rates 

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…

Budget 2021

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…

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COVID-19 Update 3

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…

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Update on Government schemes in response to COVID-19

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…

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COVID-19 Government schemes to help

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…

Dividend 2017/18 and 2018/19

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…

Autumn Budget 2017

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…

Changes to flat-rate VAT in more detail with examples

HMRC error means self-employed workers could lose out on state pension An HMRC error could mean that some low-income, self-employed workers lose out on their entitlement to National Insurance-related benefits like the state pension, warns the Low Incomes Tax Reform Group (LITRG).The issue centres around the payment of voluntary Class 2 National Insurance contributions (NICs)…