Robin Williamson Technical Director of the Low Incomes Tax Reform Group looks at how the Pre-Budget Report measures affect those on low incomes
Although the Chancellor signalled changes to tax credit overpayments of some significance when it came to income tax National Insurance and tax credits generally it was largely 'as you were'.
There has been no dramatic attempt to take people on exceedingly low incomes out of the tax net so we have the continuation of the strange scenario of HMRC taking with one hand and either it or the DWP giving back with the other.
Allowances
In the PBR the Chancellor announced that personal tax allowances...
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Robin Williamson Technical Director of the Low Incomes Tax Reform Group looks at how the Pre-Budget Report measures affect those on low incomes
Although the Chancellor signalled changes to tax credit overpayments of some significance when it came to income tax National Insurance and tax credits generally it was largely 'as you were'.
There has been no dramatic attempt to take people on exceedingly low incomes out of the tax net so we have the continuation of the strange scenario of HMRC taking with one hand and either it or the DWP giving back with the other.
Allowances
In the PBR the Chancellor announced that personal tax allowances...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
