UNIVERSAL SOCIAL CHARGE & CAPITAL ALLOWANCES
Not all capital allowances are deductible in arriving at the amount of income chargeable to the universal social charge (USC).
Not all capital allowances are deductible in arriving at the amount of income chargeable to the universal social charge (USC).
Surprise, surprise – it looks like the Universal Social Charge (USC) is here to stay despite its widespread unpopularity and a government promise to “review” it in its Programme for Government.
Death and taxes are often cited as the two inevitables in life but there is a third: political rhetoric. And in the run-up to what is surely the most interesting general election in decades, the policies and promises are changing faster than last week’s passing of the Finance Bill.