tagware.info- Are we being silly just trying to meet the National Grid – 30/42GW targets?
- So, Batteries are as bad as Gas/Petrol cars???
- The UK National Grid to crash when Electric Vehicles charge all at the same time.
- Stop ISP’s tracking your DNS & browser history!
- Insurance proposed by Tesla has upset Warren Buffet.
- UK Pension Freedoms and Catches!
- PPI time running out!!
- RED finally ready for Liftoff? – https://redtenergy.com/
- Monitor your Electricity and Gas bills with Loop @ £69.
- Cheap Renewable Energy for your UK home – Save up to £300!
Tag Archives: Earnings
Why UK Gov has no money!
Now, the point of this article, is the trouble with this system. HM Gov pays these payments in advance of the actual Tax year you are actually in. So, for example. We are in Aug 2010.
But, Tax system credits that would have actually been paid are the allowance for 2011/12. So, if you stop this merry go round, by getting yourself a job that is more than the cut off rates or fail to submit a claim.
You then end up with the Taxman demanding £2,500 overpayment. Which, is a tad rich, as you didn’t make up this lunatic system that is totally open to fraud. Continue reading
Posted in Banking, HM Govenment
Tagged Child credit, Child Tax Credit, Earnings, HM, Job Seeker, Salary, TAX, Taxman, Time Education, UK Tax system, Working credit, Working Tax Credit
Leave a comment