The new tax year ushers in plenty of changes that will hit you where it hurts your pocket the most. From April 1, expect homeowners’ benefits to end and welfare claimants to feel the squeeze. This is why you should be on the lookout for any updates on UK Tax News. There is a bit […]
The end of tax year 2017 marks the time that you need to work on your tax return. To avoid penalties, it is important that you understand PAYE Tax and other related information, including tax refund that will give you extra money to spend. Doing so is also one way to determine if you paid […]
PAYE Tax UK, UK Tax Blog, UK Tax Returns
What if you get PAYE Tax calculations for end of tax year 2017-18 or earlier?
Calculations for the end of the tax year 2017 In most cases, tax calculations and deductions are handled by your employer. It is assumed that you pay the correct tax by the end of the year. Find out if you’re owed a tax refund using our UK Tax Refund Calculator Premature PAYE Tax Refunds However, […]
If you work in the UK, you’re probably no stranger to the PAYE (Pay as You Earn) system that employers use to calculate and deduct tax and pay National Insurance. In Ireland, the same method is used to calculate Universal Social Charge and Pay Related Social Insurance (PRSI). How exactly are PAYE Tax Refunds calculated? […]
Business debts can consist of things like arrears on rent and debts to major suppliers or the accumulation of loans and overdrafts. An insolvency practitioner can help a business get on top of debt before things come to a head and the firm enters insolvency, and then potentially liquidated to pay off its debts. SMEs […]
If you plan to leave the UK or have already left, you should check if you’re eligible for a UK tax rebate for expats. Start by organising your tax affairs, an essential part of relocating and ensuring you can claim back UK tax paid on all your taxable income. UK Tax Rebate for Expats – […]
Three Things To Know If You’re Planning To Work In The UK The UK, especially London, is one of the most attractive places in Europe for people who are looking for job opportunities abroad. For one thing, citizens from nearly all European Economic Area (EEA) and Switzerland are free to enter and live in the […]
Do you know if you’re owed any taxback? You could claim back up to four previous tax years. Find out today if you have any money owed back to you by HMRC. If you’re a CIS worker, Self Employed, Student, travel a lot for business, wear a uniform or generally have a lot of work related costs then you […]
How to Avoid Penalties Due to Failure in Filing a Tax Return on Time After Returning to the UK When you leave the UK to work or live abroad, you must inform HMRC about your plans, so your residency for tax purposes will be changed accordingly. Otherwise, you will be paying UK tax on your […]
Self Assessment Online for Foreign Teachers Working in the UK For an overseas trained teacher in the UK, worrying about the tax details might not be a primary concern. However, because failure to file your tax return can mean paying for fines, you should make it one of your priorities. For your convenience, you can always register for self assessment, […]