Universal Credit and self employment

The government has published a report, Universal Credit: supporting self employment which considers the issues faced by self employed claimants.

The report considers the impact of the Monthly Income Floor (MIF) earnings requirement. To be eligible for Universal Credit (UC) claimants must earn the MIF. However, the MIF assumes self employed claimants earn a regular income at least equal to the National Minimum Wage, and makes no provision for those with income and expenditure that vary from month to month. The report states that the MIF has been designed with monthly paid employed individuals in mind rather than the self employed who may have more volatile earnings.

It also considers the current system which allows self employed individuals to be exempt from meeting the MIF for the first 12 months of self employment and whether this is sufficient. The report urges the Government to extend the exemption period.

Internet link: Universal Credit Self Employed report

04 Jul 2018

Workers' rights for Pimlico Plumber

A plumber has won a legal battle for working rights in a Supreme Court ruling.

04 Jul 2018

Latest guidance for employers

HMRC have issued the latest version of the Employer Bulletin.

04 Jul 2018

UK 'tax gap' falls to 5.7%

HMRC has confirmed that the tax gap for 2016/17 has fallen to 5.7%.