Are you 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? We’ve made it easier to understand PAYE Tax and how it works with our comprehensive guide. Keep reading to find out how you can claim tax […]
What are the benefits of the Construction Industry Scheme? In this article, we take a look at CIS and how this can benefit individuals who work in the industry. What is the Construction Industry Scheme? HM Revenue & Customs (HMRC) created the Construction Industry Scheme (CIS) for contractors and subcontractors in order to minimise tax […]
So what should you do when you’re accused of tax fraud? We can all agree that this is not a situation in which anyone wants to find themselves. This article looks at tax fraud and covers some points you should consider if you’re unfortunate to have found yourself in this position. Whether you’re being falsely […]
Everything you need to know about taxes – Part II – or Everything you need to know about taxes but were afraid to ask! (Isn’t that a Woody Allen film!!) So, here we are again and we are going to cover the super-dooper exciting subject of Tax!! First and foremost TAX, it’s something you will […]
There are two things in life that are certain, according to Benjamin Franklin, “Death and Taxes”! He’s right of course, you won’t avoid either, unless you have a cryogenics program under way!! Tax is tax is tax and if you work here in the UK, you will pay it. Current rates are quite similar to […]
The end of the tax year, 5th April 2021, marks the time you need to work on your tax return. To avoid penalties, you must understand PAYE Tax and UK self-assessment tax and other related information, including UK Tax Returns and PAYE Tax Returns that will give you extra money to spend. Filing a PAYE tax […]
If you’ve been living in the UK and owed a tax rebate, you could use it to extend your skills and become a dream employee. Spending Your Tax Refund Wisely will mean more cash back in your pocket at the end of the year but this means you need to plan and think about what […]
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 […]
An interesting factor to note in the UK tax system for the year 2017 was that the Financial Services (FS) sector had made a Total Tax Contribution (TTC) of £72.1 billion for the period under review. This amounted to 11 per cent of all government receipts, an increase from the 10 per cent of the […]
Major changes are expected in the UK tax structure with Making Tax Digital UK (MTD), the system which intends to digitise tax collection in the country, coming into effect for businesses, commencing with VAT, from 1st April 2019. Here is What you should know about Making Tax Digital UK (MTD) MDT was announced in the April […]