With so much change afoot, we take a look at how the Spring Budget will affect Public Finances. In an Autumn Statement, the Chancellor has announced that after the Spring Budget 2017, there will only be a single major fiscal event each year. That is, the Budgets will be delivered only once a year in […]
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How The Spring Budget Will Affect Self Employed People In The UK
In a recent announcement of the Spring Budget, Philip Hammond has revealed an increase in the National Insurance Contributions (NIC) for self-employed, particularly in their Class 4 NIC. Not exactly good news for those people who have to cough up the increased amount. As indicated in the Budget 2017, from April 2018 NIC for self-employed […]
Image by Steve Buissinne from Pixabay If your employer does not know what your tax code should be, you will be taxed on an ’emergency’ code. This means that you receive no tax-free personal allowance so everything you earn will be taxed at 20%. Although you can claim back overpaid tax from HMRC, it is […]
If you’re yet to submit your 2014-15 online tax return, you only have 10 days left to do it. Don’t be one of those people that leaves it to the last minute – get your tax return in now to avoid stress and even the threat of possible penalties. Even before you sit down […]
If you’re an Australian resident currently working overseas, you need to submit an Australian tax return and declare your worldwide income. This applies to both assessable income and exempt foreign employment income. Firstly, you must recognise your tax situation: whether you’re an Australian or foreign resident for tax purposes. You will remain an Australian […]
Well it’s about time! The BBC have reported this morning that the EU are to extend tax breaks for the British Film Industry. Under the new scheme, film production companies will be able to claim tax relief of 25% payable towards the cost of production. The new move that had to be passed by the […]
Tax Guide For Overseas Landlords Foreigners with rental properties in the UK or earning UK rental income are considered overseas or non-resident landlords. The same applies to landlords for the purposes of the Non-resident Landlords (NRL) scheme, which in this case include companies and trustees and not just individuals. Those operating under a partnership are […]
What The Conservative Party’s Tax Promises Mean For You Following the recently concluded election, everyone is left wondering if the tax policies promised by all the major parties will become a reality. An increase in tax revenues and crack down on aggressive tax avoidance, are two of the most common themes. But the Conservative Party […]
Are You Looking To Fill Out A Tax Return? At Taxback we have made it easier for you to make your take claim online. If you are a foreign worker in the UK, enjoying a career at sea or a student, it’s simpler than ever to fill out your tax return with six simple steps. […]
Introduction Of Income Tax For Working Holiday Makers Coming into effect in 2016 are the changes to the Australian Working Holiday Visa program and for those young travellers who have plans to visit next year, they won’t be too pleased. The government are introducing new changes to the WHV that will mean the country will […]