During the coronavirus pandemic, the UK Government is helping companies by deferring VAT and self-assessment payments. Temporary amendments to the VAT payments are expected to help companies handle their cash flow between 20 March 2020 and 30 June 2020. The HMRC does not charge interest or fines in respect of any amount deferred as a […]
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. […]
Self Assessment, UK Tax Blog, UK Tax News
Tax Return to Complete? 5 Costly Self-assessment Mistakes to Avoid
Leaving your tax return until the last minute could be a costly mistake. If you miss the deadline, you will be charged with penalties. And if you rush and make a mistake, it could lead to incorrect submissions and tax payments. Read our Self-assessment tax advice to help with putting together your Self-assessment tax return. […]
If you plan to work abroad for some time, there are tax considerations you have to take into account. Whether it’s UK tax for foreign nationals, or Self-assessment tax return advice, we cover the basics below so that you have an understanding of what is required. What Do I Need to Consider if I Am […]
Self Assessment, UK Tax Blog, UK Tax News, UK Tax Returns
What Is A UTR Number And How Does It Apply To You?
The Unique Taxpayer Reference Number or UTR is an exclusive 10 digit code that’s allocated to you or a company by Her Majesty’s Revenue and Customs (HMRC). This code helps HMRC personally identify you with reference to any tax responsibilities or rebates. If You Have A UTR Number And: Work in trades, you need to […]
If you have received a fine from HMRC, our guide will tell you how to appeal a Self-Assessment penalty, get it delayed or reduced. If you appeal to the tribunal, HMRC will wait for your payment until the tribunal sorts out your appeal. What’s important is that you act fast and get help. The best […]
Tax credit debts and how they are collected keep changing, which is why you should not ignore any letters you receive from HMRC. Read on for a breakdown of tax credit debt and UK tax advice, including self-assessment tax advice. The Department of Work and Pensions (DWP) announced that a segment of tax credit debt […]
Self Assessment, UK Tax Blog
Do You Need to File a Tax Return on January 31st 2020? Read Our Self Assessment Checklist
It’s that time of year when UK Self Assessment tax returns must be prepared and submitted to HMRC on the 31st January. If you’re not organised this task can be time consuming, and can be daunting and stressful but nevertheless it has to be done or you will receive a late filing fine. Do You […]
Self Assessment, UK Tax Blog
How To Successfully Complete Your Self-Assessment Tax Returns And Understanding The UK Tax System
Self-Assessment Tax doesn’t have to be taxing and it shouldn’t be with these articles. From understanding self-assessment tax returns to guides on how to complete the paper and online versions themselves, it’s all here. There’s also information on which deadlines to look out, which mistakes to avoid, what taxation applies to you and how to […]
Tax Refunds UK Expats Can Claim As an employed expat in the UK, you are obliged to file a UK tax return and also claim tax refunds UK taxpayers are entitled to. Not all taxpayers can claim a refund on tax, there are conditions when claiming a UK tax refund. Taxback has helped many foreign […]