A New Hobby Thanks To Your Tax Refund

UK PAYE Tax Refunds

It’s really common for students to be taxed under the PAYE system, which isn’t designed for those in full-time education. Working part-time or during the holidays can often result in students overpaying tax, and would therefore be entitled to a tax rebate, extremely handy if you’re thinking about taking up a new hobby with so […]

Self-Employed Individuals Encouraged to Reach New Deadlines for Tax Returns

New Deadlines for Tax Returns

The COVID-19 crisis is having far-reaching financial effects on individuals and companies alike in the UK and around the world. The Low Income Tax Reform Group (LITRG) says that self-employed individuals who have yet to submit their 2018/19 self-assessment tax return have until 23 April 2020, else they will risk missing out on potential government […]

6 ROI’s To Spend Your 2020 Tax Refund On

Spend Your 2020 Tax Refund

Got a Tax Refund due in 2020? Here’s 6 ways to spend it wisely and maybe even make more money. Are you expecting a tax refund in 2020? Although you deserve to spend it any way you want, you might want to do it wisely. Treat it as an investment that should provide you with […]

What is the 2019-2020 Tax Code?

Student Tax Refunds

In UK tax news, the Personal Allowance amount, or the figure you can earn before paying income tax, will go up to £12,500 for the 2019-20 tax year. The numbers section of tax codes gives this number. For employees it is: 1250L. Read on to see if you are entitled to a Paye tax refund. […]

How do I know if I have to file a UK Self Assessment tax return?

You No Longer Need to Complete a Tax Return

How do I know if I don’t have to file a UK Self Assessment tax return? When dealing with Paye tax refund, or self-assessment tax return, you need to be on the ball and act quickly. Delays usually mean fines and penalties. HMRC expects a tax return on time, and if you think you no […]

UK Student Tax Refunds – Are You Owed Money?

How to Claim Back UK Student Tax Refunds As a student paying tax in the UK, you may be confused about paying the right amount; do you feel you have overpaid on your tax return and want to claim back UK tax? In this article, we offer you a step-by-step guide to understanding your UK […]

How to Trade Cryptocurrency in Different Countries

How to Trade Cryptocurrency in Different Countries

The cryptocurrency market may be expanding rapidly but the ambiguity in terms to define the products that come in its purview is what is intriguing. While all types of digital currencies are based on decentralization technologies, the terms used for describing them differ from one country to another. Argentina and Thailand refer to these as […]

Paying Tax As A Small Business And How To Claim Back UK Tax

Paying Tax As A Small Business

As a small business owner or sole trader, you must pay personal income tax. Learn here about the type of tax applicable and conditions to claim back UK tax.  Any profit you make on your business must be declared to HMRC. But first you must register your new business and choose the appropriate legal structure, […]

Benefit From A Self Employed Tax Refund By Cutting Costs With UK Tax Allowances

Benefit From A Self Employed Tax Refund By Cutting Costs

Tax allowances added to the new tax year from 6th April, help the self-employed cut costs. Let’s look at benefits, from your self-employed tax refund to other allowances As a leading tax refund agent in the UK, the professional accountants at Taxback know a thing or two about helping you save your hard earned money. […]

Tax on Shopping and Services in UK

Tax on Shopping

Tax is the amount which users pay on products that they purchase. The rules, mathematical interpretations and other constituents vary from one country to the other. If you are living in the United Kingdom, a certain tax model would be applied on the shopping and services. Residents of UK should know how the tax value […]

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