The CIOT and ATT recently asked members why they might still need to contact HMRC for SA302 calculations. We have sent the feedback we received to HMRC, and will keep members informed of any further developments in this area.
The Autumn Budget revolved around embracing the future, in particular the changes, challenges and opportunities facing the UK as we prepare for Brexit – but what were the key announcements for those on the lowest incomes?
Finance Bill 2017-18 was published on 1 December. At time of writing it was scheduled to get its second reading in the House of Commons on 11 December and for two days of debate in Committee of the Whole House on 18 and 19 December. The remaining clauses are expected to be debated in Public Bill Committee in the New Year, with the Bill passing its remaining stages and gaining Royal Assent before the end of March.
The LITRG have published a report summarising the main shortcomings of the current universal credit system in respect of the self-employed and suggesting positive reforms that would encourage entrepreneurial activity and relieve administrative burdens.