What’s the Tax Free Personal Allowance in the 2020-21 and 2021-22 Tax Year? On the 6th of April each year the new tax changes come into effect and this is when you could see a changes to your tax free allowance. Regardless of your tax free allowance, there may be other factors that mean you’re […]
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 […]
This article aims to simplify construction industry scheme tax refunds. If you work in the construction industry and are signed up to the CIS (Construction industry scheme), you may be due a tax refund. Whether operating under PAYE for an employer or if you’re self-employed and signed up to the Construction Industry Scheme (CIS), you […]
A sizable portion of Australia is desert, with the largest found in the famous outback. Rainforests dot the northeastern portion of the country, while the eastern and southeastern edge contain the Great Dividing Range that stretches 2,300 miles. With so much to explore, you run the risk of going over budget. But there are ways […]
Self Assessment, Self Employed Tax Guides, UK Tax Blog, UK Tax News, UK Tax Returns
Important UK Tax Deadlines: 2021-22
New Rules To Claim Tax Refunds UK in 2021-22 This article lists important deadlines to adhere to when submitting your 2021-22 tax returns. The HMRC has introduced some changes for the new tax year and you need to get updated in order to avoid delays and penalties and claim your UK tax refund on time. […]
So, how do you get the most from your CIS tax return? HM Revenue and Customs define the Construction Industry Scheme as “a set of special rules for handling payments made by contractors to subcontractors for construction work.” Subcontractors in the construction industry are often taxed at a very high rate — 20 to 30 […]
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 […]
Self Assessment, UK Tax Blog, UK Tax News, UK Tax Returns
Guide to filling in your UK Self Assessment Tax Return
This article contains a guide to filling in your UK Self Assessment tax return and how to file your tax return online. It is very important that you fill in your self-assessment tax return before the 31st January deadline each year; failure to do so could mean you receive a late penalty charge which is […]
Self Assessment, UK Tax Blog, UK Tax Returns
Six reasons to file your UK self-assessment tax return early
Being a tax return early bird will mean you avoid spending the festive period immersed in catching up with your business’s paperwork to be ready to file your tax return on time. There are several advantages to filing your tax return early and here in this Self-assessment tax return guide, we take a look at […]