Been working in Australia and need to claim your tax back? Here we give you a few tips on how to maximise your Australian tax refund. Considering that tax is one of the two things that are certain in life, you should find ways to claim back as much of it as you can. Yes, […]
With the promise to raise personal allowance again, more people will be removed from a group paying the bulk of the British income tax, and increase the overall income tax burden of the wealthiest in the country. Prime Minister Theresa May was preparing to raise personal allowance from the current £11,500. By 2020-21, the amount […]
UK Tax Blog, UK Tax News, UK Tax Returns
The 2016/2017 Tax Year In A Nutshell – Refresher For Your Tax Return
Need to submit your 2016/2017 tax return? Here’s a refresher on what the thresholds and personal allowances are for the last tax year. 6 Changes in the 2016/2017 Tax Year 1. Changes in personal allowance • From the current level of £11,000, the personal allowance will rise to £11,500. • From £43,000, the threshold […]
Italy’s efforts to crack down tax evasion purported by technology giant Google has finally paid off. The tech company will pay €306m or £259m to settle a tax dispute and other disputes that prompted a criminal probe. Apparently, Google has been avoiding paying the full amount on its revenues in Italy for more than […]
With the summer holiday season kicking off you may be hoping to make a bit of extra cash whilst you’re away by renting out your room or home on Air BnB… but do you need to pay tax on your Air BnB income? We discuss the ins and outs of boosting your income with the […]
Will you Get Taxed on Your Cashed Out Pension? A pension fund is money saved up for your retirement. But under rules introduced in April 2015, you now have an option to take out your pension before you reach the normal retirement age of 65. This is both good news and bad news. Good, because […]
Working in the service industry in the UK? Make sure you know the ins and outs when it comes to getting taxed on your tips. After all, tips make quite the contribution to your salary. So, are tips taxable? Do you pay income tax and National Insurance (NI) contributions on tips? It will depend on […]
Join us for London Big Day Out, May 13th,Syon Lane, West London to kick off the summer. A celebration of the beginning of summer in the UK and a celebration of all things Australian and New Zealand, including Sports, Entertainment, Food, Wine and Beer. Enjoy fresh green lipped mussels, Steak & Cheese Pies, Aussie BBQ, […]
In a recent interview on BBC One, shadow chancellor John McDonnell said that Labour will not increase taxes for 95% of earners if they win the 8 June election. As part of an election “personal tax guarantee”, people earning less than £80,000 a year will be spared from the tax rise. It will, however, affect […]
Offshore workers in the UK are eligible for a tax refund. What is even better is that tax rebate can come from several different sources. If you know all about them, you are likely to get a significant amount of tax refund. Travel expenses Did you know that you’re eligible for a refund when traveling […]