Are you a student paying taxes? If you are, not only are chances good that you’re being taxed under the “Pay as you Earn” (PAYE) taxation system, but you’re probably also being overtaxed. As a student, your number one concern is likely grades, making taxes a lower priority, but remember that you might be owed […]
The good news for millions of UK taxpayers every year is that they are getting a refund. Some of the money that they have paid into the system is now coming back to them, and all in a lump sum. Tax refunds are exciting by their nature because of this. They are so exciting in […]
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 tax code in the United Kingdom is complicated as it is in many other places as well. The average citizen probably does not have a great chance of understanding the entire code, and may well be losing out on some of the tax refund that they are duly entitled. This is the very reason […]
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 […]
A recent report from the HMRC says 3.5 million are due a tax rebate for the 2012-13 tax year. Average refunds are between £350 and £500. The HMRC began its end of year reconciliation process in May and will continue checking its records through October, looking for over-payers, as well as under-payers. Who Gets Money? […]
The Construction Industry Scheme Tax (CIS) is a set of taxation rules established by the HM Revenue & Customs (HMRC), mainly for the construction industry. While CIS basically defines contractors and subcontractors as the main entities subject to the tax, there are other classifications. One such designation is a “deemed contractor.” Who does that term […]
What Are Tax Credits? Tax credits are designed to help people on lower wages make ends meet. They are also intended to help families liberate themselves from welfare dependency, and to encourage people to work by withholding incentives until they find a job. To qualify for working tax credits, for instance, you need a job […]
The economic downtown of the last few years has left many unemployed in the United Kingdom. As a result of companies downsizing, many people were made redundant. If you are among the unemployed, no doubt meeting your financial obligations has been stressful. On the bright side, however, you are most likely due to get a […]
With Millions of Employers around the UK busy preparing your P60’s to give to you with your April Pay Slip at the end of the month get ready to apply for your UK Tax Refund. We work on a No Refund No Fee basis so make sure you claim whats yours. We can claim your […]