Category Archives: Income Tax

The New Chancellor guarantees a ‘soft approach’ in pushing IR35 tax reforms

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The UK’s new Chancellor, Rishi Sunak, guarantees that HMRC will not be “heavy-handed” in pushing its IR35 tax reforms. According to HMRC  “Customers will not have to pay penalties for errors relating to off-payroll in the first year, except in cases of deliberate non-compliance”. Sunak has offered reassurance to contractors that HMRC will ensure a […]

Universal Credit System and Income Tax

Universal Credit System and Income Tax Date: 01/01/2014 Universal Credit is a new system introduced by the government in order to ensure greater fairness to the welfare system. The early introduction of Universal Credit has begun in the Greater Manchester and Cheshire areas whereas it will be operational nationwide in October this year. Universal Credit […]