Covid-19 is not only a health crisis for self-employed launches but also a pressing employment crisis. The HMRC has begun to contact over 3 million taxpayers who could be qualifying for the Self-Employment Income Support Scheme (SEISS) of the government to clarify the application process and encourage them to plan for a claim when the […]
PAYE Tax UK, Student Tax Tips UK, travel tips, UK Tax Blog, UK Tax News
A New Hobby Thanks To Your Tax Refund
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 Tax Guides, UK Tax Blog, UK Tax News
Self-Employed Individuals Encouraged to Reach 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 […]
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 […]
A full tax rebate from the government is what you truly deserve. You have worked hard to earn the money that you have made. Is there any reason you can think of why you should not be entitled to it? The answer to this is obviously no. However, getting that full UK tax rebate back […]
Companies in the gambling industry were all dealt a financial blowback in April 2019 when fixed odds betting terminals (FOBTs) had their max stake reduced to £2 from £100. It was a sensible move by the Department for Digital, Culture, Media and Sport (DCMS) at the time but it’s since led to betting shop closures […]
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 […]
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. […]
UK Tax Blog, UK Tax News, UK Tax Returns
How do I know if I have to file a UK Self Assessment 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 […]
Student Tax Tips UK, UK Tax Blog, UK Tax News, UK Tax Returns
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 […]