The paye system is a commonly used taxation method in the United Kingdom. This is a “Pay As You Earn” system that typically works well so long as the individual is paid the same amount of money each month. However, when pay differs from one month to the next, this system can cause overpayments that […]
A recent report from the HMRC says 3.5 million are due a tax rebate for the 2012-13 tax year. Average refunds are between £350 and £500. The HMRC began its end of year reconciliation process in May and will continue checking its records through October, looking for over-payers, as well as under-payers. Who Gets Money? […]
The Construction Industry Scheme Tax (CIS) is a set of taxation rules established by the HM Revenue & Customs (HMRC), mainly for the construction industry. While CIS basically defines contractors and subcontractors as the main entities subject to the tax, there are other classifications. One such designation is a “deemed contractor.” Who does that term […]
What Are Tax Credits? Tax credits are designed to help people on lower wages make ends meet. They are also intended to help families liberate themselves from welfare dependency, and to encourage people to work by withholding incentives until they find a job. To qualify for working tax credits, for instance, you need a job […]
The economic downtown of the last few years has left many unemployed in the United Kingdom. As a result of companies downsizing, many people were made redundant. If you are among the unemployed, no doubt meeting your financial obligations has been stressful. On the bright side, however, you are most likely due to get a […]
With Millions of Employers around the UK busy preparing your P60’s to give to you with your April Pay Slip at the end of the month get ready to apply for your UK Tax Refund. We work on a No Refund No Fee basis so make sure you claim whats yours. We can claim your […]
With the introduction of RTI the HMRC are trying to make Income Tax simpler, but fears are being raised that it is simply causing headaches and extra workload for Employers. Whilst HMRC wants employers to provide correct National Insurance numbers for their employers in their PAYE submissions wherever possible, there will be occasions where a […]
Paying a Premium to Speak with the Taxman “The taxpayers and claimants who phone HMRC do not have a choice about whether they interact with the department. Despite some welcome improvements, HMRC has acknowledged that its performance in providing services to the public has been unacceptable. “HMRC faces difficult decisions about whether it should aspire […]
Photo by Tracy Le Blanc from Pexels Today we’ve launched a new blog. So now you can follow the country’s oldest, largest, most successful and comprehensive tax rebate company, as we provide industry news and insight on one of the UK’s biggest tax issues. You can also follow us on Twitter and find us Facebook. […]