No Bull Posted April 16, 2015 Share Posted April 16, 2015 There is a shock in store for those expecting to receive a Personal Allowance Credit for the tax year April 2014 - April 2015. Eddie Teare in his budget of speech of 17 February 2015 changed the qualifying conditions for the Personal Allowance Credit so that unless you are blind, disabled or over you won't receive it. This change in qualifying conditions was backdated was backdated to so it came in to effect from the start of April 2014 tax year. Seems amazing that this can be changed so close to the end of the tax year, punishing the poorest and the lowest paid. There will be many people expecting this payment and probably even replying on it, so to sneak it into the budget just 7 weeks before the end of tax year is disgusting. Well done Eddie! Link to comment Share on other sites More sharing options...
Zammo Maguire Posted April 16, 2015 Share Posted April 16, 2015 Good Link to comment Share on other sites More sharing options...
Donald Trumps Posted April 16, 2015 Share Posted April 16, 2015 Nasty Eddie really has it in for the poor & needy Link to comment Share on other sites More sharing options...
x-in-man Posted April 16, 2015 Share Posted April 16, 2015 There is a shock in store for those expecting to receive a Personal Allowance Credit for the tax year April 2014 - April 2015. Eddie Teare in his budget of speech of 17 February 2015 changed the qualifying conditions for the Personal Allowance Credit so that unless you are blind, disabled or over you won't ... Well done Eddie! Over where - jurby way? Link to comment Share on other sites More sharing options...
Isaac Posted April 16, 2015 Share Posted April 16, 2015 It's Manx Telecom and Sure I feel sorry for. The day people received their Personal Allowance Credit cheques was probably their busiest sales day of the year. Link to comment Share on other sites More sharing options...
Wann Posted April 16, 2015 Share Posted April 16, 2015 Oh dear, it seems that the spawn* of Maggie Thatcher is alive and well on manxforums. *? Link to comment Share on other sites More sharing options...
spook Posted April 16, 2015 Share Posted April 16, 2015 A modern day Thatcher is precisely what both the Island AND the UK desperately needs. Link to comment Share on other sites More sharing options...
Isaac Posted April 16, 2015 Share Posted April 16, 2015 A modern day Thatcher is precisely what both the Island AND the UK desperately needs. ^ Couldn't agree more! Someone to come in and smash the damn public sector unions which are pulling the island and its future down a drain hole just to keep cashing in their overpaid salaries and pensions. At what point do we say: no more? Surely when we start going into the red, if we haven't already, then it becomes unconstitutional for a government to continue to put us into debt in order to serve their own interests. Government is supposed to be there to serve the people, not the other way around. Link to comment Share on other sites More sharing options...
Andy Onchan Posted April 16, 2015 Share Posted April 16, 2015 A modern day Thatcher is precisely what both the Island AND the UK desperately needs. ^ Couldn't agree more! Someone to come in and smash the damn public sector unions which are pulling the island and its future down a drain hole just to keep cashing in their overpaid salaries and pensions. At what point do we say: no more? Surely when we start going into the red, if we haven't already, then it becomes unconstitutional for a government to continue to put us into debt in order to serve their own interests. Government is supposed to be there to serve the people, not the other way around. Link to comment Share on other sites More sharing options...
Donald Trumps Posted April 16, 2015 Share Posted April 16, 2015 We've reached the point at which we say no more CoMin's plans to privatise our NHS are just a sacrifice too far Link to comment Share on other sites More sharing options...
Penfold Posted April 16, 2015 Share Posted April 16, 2015 There are conflicting reports about this online, but having just read a transcript of the Treasury Ministers budget speech from the link on Govt website, the change takes effect in the 2015/16 tax year. So it's a year and 7 weeks notice, isn't it? Link to comment Share on other sites More sharing options...
Moghrey Mie Posted April 16, 2015 Share Posted April 16, 2015 The PAC was frozen last year at £500 for those with taxable income of £9,300 or less. For 2015/16 the PAC will be reduced to £400 and will only be paid to the elderly and disabled with taxable income of £9,500 or less. My ultimate aim remains that this will be one of the benefits eventually replaced in a new benefits system. All benefits need to be paid via the benefits system to ensure that we are making payments to those who really need the support. I will ask the Assessor of Income Tax to work with the Director of Social Security to put this in place for 2016/17 so that 2015/16 can be the last year of the PAC. For people who previously benefited from the PAC the Income Tax Division will endeavour to ensure that they claim any benefits to which they are entitled. From the horse's mouth. PAC reduced to £400 this tax year 2015/16. Link to comment Share on other sites More sharing options...
Penfold Posted April 16, 2015 Share Posted April 16, 2015 So not backdated to cover 2014/15 as suggested by the op Link to comment Share on other sites More sharing options...
No Bull Posted April 16, 2015 Author Share Posted April 16, 2015 Backdated for sure, see following link http://www.gov.im/media/368429/gn-29-personal-allowance-credits.pdf Had this confirmed by tax office also. Link to comment Share on other sites More sharing options...
Penfold Posted April 17, 2015 Share Posted April 17, 2015 Well well, sneaky indeed. A shame that it takes someone to have to dig quite deep to discover this. I wonder how many less well off would have been counting on this. Link to comment Share on other sites More sharing options...
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