Recent changes in the UK tax system include developments in the UK Land and Buildings Transactions Taxes (LBTT). Some of them are helpful to taxpayers, but let’s look at these in a little more detail… Here is an Update on Land and Buildings Transactions Taxes Many legislative changes have been made in Scotland, too, including two […]
Most of the FTSE100 companies have published their public tax strategies from December 2017 in line with regulations that require large companies to produce their tax strategies for accounting periods starting from September 15, 2016, coming into effect. How large companies UK tax structure and strategies can influence your business… Most companies are interested in […]
Until now, under the UK tax system, spousal tax breaks for unmarried couples were not available. According to a recent landmark decision by the Supreme Court, these benefits will now be available to unmarried couples too. The Supreme Court ruled on the basis that it’s a breach of human rights to discriminate based on sexual […]
Her Majesty’s Revenue and Customs (HMRC) is encouraging more people to claim marriage allowance online. Here is How to claim marriage allowance. The online method is being promoted as a quick and convenient way to apply for the marriage allowance, which is part of the UK tax system, and which the government is encouraging more […]
Been looking for top tax saving tips for jointly owned properties? Well look no further, here is everything you need to know along with our top tax saving tips. Reap the Best Benefits There are considerable savings to be made on UK tax, in the case of jointly owned properties. Civil partners, couples and cohabitees […]
Bitcoin has been a serious topic of conversation in most circles lately. With increasing values, it has been in the news a lot. How does Bitcoin affect a country’s tax system? here is what you can learn about Bitcoin and the UK Tax System. Taxing Bitcoin Bitcoin investors have been requested to account for any […]
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What if you get PAYE Tax calculations for end of tax year 2017-18 or earlier?
Calculations for the end of the tax year 2017 In most cases, tax calculations and deductions are handled by your employer. It is assumed that you pay the correct tax by the end of the year. Find out if you’re owed a tax refund using our UK Tax Refund Calculator Premature PAYE Tax Refunds However, […]
If you work in the UK, you’re probably no stranger to the PAYE (Pay as You Earn) system that employers use to calculate and deduct tax and pay National Insurance. In Ireland, the same method is used to calculate Universal Social Charge and Pay Related Social Insurance (PRSI). How exactly are PAYE Tax Refunds calculated? […]
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 […]
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 […]