Avoid heavy penalties by filing your UK tax returns on time. Listed are important deadlines for 2020, by when to submit your self-assessment tax returns and make payments. Apply For Online Tax Returns And Make Your First Payment – January 31st 2020 January 31st, 2020 deadline is the last day for submitting your online tax […]
The UK’s IR35 tax rules, newly introduced, will become effective by April 2020. This article explains these new UK tax rules. What Is The Present IR35 Tax Policies For UK Tax Payers? The current IR35 tax rule addresses the issue of a tax avoidance by an independent contractor contracting via a personal service company (PSC) […]
If you are selling products in the US, sales tax and VAT are the same but this is not the case in other countries. It is important to know about VAT if you are opting for international selling. Each country has its own regulations in this relation and users should be aware of them before […]
Tax is the amount which users pay on products that they purchase. The rules, mathematical interpretations and other constituents vary from one country to the other. If you are living in the United Kingdom, a certain tax model would be applied on the shopping and services. Residents of UK should know how the tax value […]
UK Tax Blog, UK Tax News
UK Tax Tips For Saving When Operating As Contractor Through A Limited Company
Listed are tax saving benefits you can claim when contracting through a limited company. The following UK tax tips will show you from which areas to claim a tax refund. As an established agent for UK tax refunds, we at Taxback offer the best UK tax advice, for our clients to benefit from tax allowances, […]
Self Assessment, UK Tax Blog, UK Tax News
Tax Return to Complete? 5 Costly Self-assessment Mistakes to Avoid
Leaving your tax return until the last minute could be a costly mistake. If you miss the deadline, you will be charged with penalties. And if you rush and make a mistake, it could lead to incorrect submissions and tax payments. Read our Self-assessment tax advice to help with putting together your Self-assessment tax return. […]
When it comes to UK tax returns and student tax refunds, many things can be confusing. You will have many questions; Am I doing it right, will I get penalized, etc. Well not to worry our guide below has you covered as we discuss how to pay your tax bill. How to Pay Your Tax […]
If you are a small business owner who has never filed a tax return before, don’t panic if the January 31 deadline looms. Read our guide on UK tax tips and how to get organised with UK tax refunds. Register with HMRC If you are planning to submit your tax return online, you will need […]
Self Assessment, UK Tax Blog, UK Tax News, UK Tax Returns
What Is A UTR Number And How Does It Apply To You?
The Unique Taxpayer Reference Number or UTR is an exclusive 10 digit code that’s allocated to you or a company by Her Majesty’s Revenue and Customs (HMRC). This code helps HMRC personally identify you with reference to any tax responsibilities or rebates. If You Have A UTR Number And: Work in trades, you need to […]
In the United Kingdom, small businesses face a number of taxes that they must pay. It is also important that you understand which legal structure is best suited for your small business before registering your new business. Small businesses in the UK are subject to a number of taxes, depending on the performance of your […]