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 […]
Image by PublicDomainPictures from Pixabay If you worked in Canada for a certain period and received remuneration, you may be eligible for a tax rebate that you can claim in the UK. Just make sure you have your T4 Slip or Statement of Remuneration Paid slip with you. Steps to claim a Canadian tax rebate […]
As a UK resident working in Ireland, your tax obligations depend on the number of days you spent in Ireland. It is important to know Ireland’s taxing rights, so you don’t overpay tax. Unders long standing Revenue Practice, you are not required to operate PAYE a stint in Ireland that is less than 30 days. […]
If you are a non-UK resident or someone moving abroad, there are several things you can do with your UK pension plan. Leave your pensions in the UK pension plan Transfer it to a Qualifying Recognised Overseas Pension Scheme (QROPS) Pay into a UK Pension Scheme from wherever you are overseas Among these options, the […]
In a nutshell, you have to pay tax on your UK pension, even if you’re not a UK resident, except for the State Pension, where non-residents are not obliged to pay UK tax. So, for example what happens if you are living in Germany with a UK pension? UK Citizens Living Abroad It is possible […]
Think you’ve overpaid tax? Then, you are likely legible for a tax refund. Overpaid tax can arise under different circumstances. The wrong tax code was used because HMRC used the wrong one oryour employer used an incorrect code. You were taxed under an emergency code when you started yournew job. Your circumstances have changed, but […]
PAYE or Pay As You Earn is a system of collecting taxes from employment income during a tax year. This is applicable to employed individuals, those receiving a pension from former employers, those with an annuity paid under a pension plan or a combination of pension and annuity, and for individuals with income liable for […]
If you’re in the UK on a working holiday, then you’d be a fool not to take advantage of cheap flights over to Europe. Europe is backed to the brim with diverse and unique experiences to be had this summer. But here’s 5 of our top ways to experience Europe during your working holiday in […]
A graphic designer or art director is eligible for a tax refund from their personal tax return based on tax deducted from several things used in their line of work. These include meals and travel, work clothing, work tools & equipment, training fees, membership, books, phones & Internet, and general expenses. Whether or not you […]
If you are a self-employed plumber who completes a tax return declares earnings to HMRC and pays the appropriate tax amount, you could be eligible for a tax refund. The problem self-employed individuals however is fat they are unaware of expenses that they can claim. Don’t make the same mistake. What you can claim as […]