Think you’re being over taxed? You could be overpaying tax through PAYE. Check your payslip and get in touch at www.taxback.co.uk to claim a PAYE Tax Refund. Understanding PAYE If you are taxed under the PAYE system, the possibility of you claiming for a refund depends on several factors. In some cases, you may not […]
How to Claim Back Tax Overpaid Through PAYE on Wages or Pensions… Think you overpaid tax through PAYE? Read on and find out what you need to do to claim a PAYE tax refund with www.taxback.co.uk. What is a P800 tax calculation? P800 tax calculation will be sent to you by HMRC if, by […]
Wondering how to make sense of your payslip each month? You may see chunks of your money being zapped by NI and tax, but what is PAYE? Here we show you how to claim tax back via PAYE for a PAYE Tax Rebate. What is PAYE? PAYE, or pay as you earn, is the HM […]
Overpaid PAYE Tax? Read our comprehensive guide on how to claim a PAYE Tax Refund. There are many reasons that you could overpay tax through PAYE, such as being on the wrong tax code or when switching employers within a tax year. But because of the complexity of the UK tax system, knowing if you […]
If you’re paid via PAYE (Pay As You Earn) then you’ll want to read about the changes that HMRC have just put in place for the tax year ahead. HM Revenue & Customs (HMRC) will be updating the way it collected income tax via PAYE due to the shortcomings in the system that have […]
Christmas and New Year have come and gone and in their trail have most likely left you with little to no cash left and mountainous credit card bills to face. But fear not as claiming your tax back could be a sure-fire way to beat the January blues. Every year we make promises to ourselves […]
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 […]
Image by PublicDomainPictures from Pixabay The Pay As You Earn (PAYE) system is what employers use to deduct income tax and National Insurance (NI) contributions from an employee’s earnings before wages or pension is paid. If it is used to pay tax on wages or occupational pension, the same system can also be used to […]
A Richard Evans article on the telegraph.co.uk website was speaking about the new Paye tax system that the government rolled out in 2012, The taxman has begun a pilot test of a new system that should ensure that people pay the right amount of tax first time. If successful, the system should see far fewer […]
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 […]