Do you plan to move to the UK? There are two things you need to know – National Insurance (NI) and the UK tax. Among the many things you need to know about, these should be your top two priorities, as they are essential to employment. National Insurance (NI) You pay for NI so you […]
Tax Advice For Offshore Workers If you are an offshore worker, you may be eligible for a tax refund. You just need to know how and where a refund is applicable. As an employee working offshore, you can claim back tax on the following: Travel expenses that HMRC designates as ‘temporary workplaces’. This must be […]
Tax Tips for British Expats Are you a British expat moving abroad and you’re wondering about the tax implications? Read on. Don’t think that you are far from the reach of the taxman, because you’re not instantly exempt from UK tax when you move overseas. Tax treatment, however, will depend on your particular circumstances. UK […]
Owning a small business, or working from home, has become everyone’s dream, not only for the prospect of earning more than what a regular income provides, but also for the possibility of having more control over your time and effort. The only downside is that working from home makes tax quite complicated. But there are […]
Filing a tax return can be time-consuming, which is why a lot of people put it off until the last minute, when things aren’t always looking up. But there are ways to save time and money when dealing with tax. Keep a record of everything and anything that is taxable, so your tax return will […]
Apply For A UK Tax Refund Think you overpaid tax? If you were in the wrong tax code for a long time, then it is highly likely that you paid too much tax. If you are unsure, ask. Don’t be one of those people who doesn’t claim a tax refund because of misconceptions. Some people […]
Tax tips for overseas workers Planning a working holiday in the UK, or perhaps even migrating over permanently. Here’s a few things you’ll need to know about the UK tax system. If you come to live in the UK, you would have to pay tax like anyone else. This is especially true if you will […]
How do cashed out pensions work? In the pension freedom reforms, you are allowed to make as many withdrawals as you want from your pension pot. For each withdrawal, 25% of the amount will be tax-free and 75% will be taxed like your income. This spares you from paying a huge amount of tax, because […]
How your tax is treated as a foreign worker in the UK construction industry depends on whether or not the Construction Industry Scheme (CIS) applies to you. If your income tax and National Insurance contributions are deducted through the PAYE system, then CIS is not applicable in your situation, which is actually a more convenient […]
Tax Tips For Seafarers If you work at sea outside the UK, you may be eligible for a tax relief through the Seafarer’s Earnings Deduction (SED). This unique piece of tax legislation provides you with an opportunity to claim 100% tax on your earnings abroad. Of course, you need to prove that you worked on […]