Extra time to renew Tax Credits

Posted on 31/07/2014 · Posted in Uncategorized

The Public and Commercial Services Union has called for its members to take industrial action on 30 and 31 July and 1 August. This series of rolling strikes has been timed to create maximum disruption in the run up to today’s tax credits renewals deadline. In recognition of the disruption, HMRC have..
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Farewell PTS

Posted on 16/07/2014 · Posted in Uncategorized

The Percentage Threshold Scheme (PTS) which allowed Employers to reclaim Statutory Sick Pay (SSP) paid to employees has been scrapped from 6th April 2014. Under PTS Employers could reclaim SSP where the SSP paid was more than 13% of the Class 1 National Insurance Contributions due for the month. The..
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Universal Credit

Posted on 25/04/2014 · Posted in Uncategorized

What’s Universal Credit? Universal Credit is a new system being introduced to replace a number of existing benefits, including Working Tax Credit, Child Tax Credit and Housing Benefit. It is currently being phased in (starting in April 2013) and is expected to have fully replaced the other systems by 2018...
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Thank you!

Posted on 15/04/2014 · Posted in Uncategorized

Judging from the feedback received to date, the series of Benefits blogs appear to have gone down well…..and I’m particularly pleased that a couple of clients have now made successful claims to Benefits they hadn’t previously realised they were entitled to receive. There will be one last post very soon covering..
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Council Tax Benefit and Housing Benefit

Posted on 11/04/2014 · Posted in Uncategorized

What are these? Council Tax Benefit is payable by local councils towards the cost of a person’s (or a couple’s) Council Tax charge where the person (or couple) has a low income. Housing Benefit is also paid by local councils towards the cost of a person’s (or couple’s) rent where..
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Child Benefit

Posted on 04/04/2014 · Posted in Uncategorized

What is Child Benefit? Child Benefit is a state benefit that is paid to anyone who has parental responsibility for a child of school age (or younger) or who is under 20 and in full-time (state-funded) education. It is not means tested. How much is it? The current amount payable..
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Working Tax Credit and Child Tax Credit 2

Posted on 21/03/2014 · Posted in Uncategorized

How is income calculated for Tax Credit purposes? Income for Tax Credit purposes equates very broadly to adjusted net income for income tax purposes. What? Adjusted net income is: Your total income; less- Losses and reliefs (such as any donations you’ve made under the Gift Aid scheme and Pension contributions)...
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Working Tax Credit and Child Tax Credit 1

Posted on 14/03/2014 · Posted in Uncategorized

What are Working Tax Credit and Child Tax Credit? Working Tax Credit is essentially a form of benefit paid by the government to people who work at least 16 hours per week (24 hours between them with one working at least 16 hours in the case of couples), who have..
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What bearing will my business have on my entitlement to benefits?

Posted on 07/03/2014 · Posted in Uncategorized

The UK currently has a complex benefits system, some of which are means tested according to your income and some of which are only available if you work less than a certain number of hours per week (less than 16 hours per week is quite typical). People working in their..
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Tax Credits and other state benefits

Posted on 28/02/2014 · Posted in Uncategorized

This is a subject about which various clients have asked questions during the last few months. Quite a dry topic on the face of it – nonetheless it’s useful to know which benefits you may be entitled to….as well as being able to clearly identify those benefits you are not entitled to. I’m going to answer the..
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