One of the worst feelings in your career is when you are doing a job that you don’t feel is getting you anywhere and you are seeing so much tax come out of your earnings. Tax can feel burdensome when you are not earning very much and if you do not even like your job [...]
Tax Rebates & Refunds
Tax is so automatic that few people pay it close attention
Tax is something that is such an automatic process that we barely even think about it. It may be true that we complain about how much we are taxed in our jobs and how we would like to put the money to other uses, but it is not something that we look at in a [...]
Failing to act when you are overcharged tax
Some people fail to act when they are being charged too much tax simply because they are not aware of the fallibility of the HMRC. They assume that their own calculations are incorrect and that the HMRC must be right in its assessment of the tax they ought to be paying because the HMRC is [...]
Making sure you pay the right amount of income tax
If you’re employed, income tax is generally worked out for you by HM Revenue and Customs (HMRC). Even if self-employed, there are forms to fill in and systems in place to make sure you are paying the right amount.
Even with this system in place, mistakes can still be made. It is important that, on [...]
HMRC warns contractors away from tax avoidance schemes
In one of its latest ‘Spotlight’ reports, HM Revenue and Customs (HMRC) has warned contractors, those using recruitment agencies and other highly paid employees to avoid any advertised schemes that may lead them to avoid paying tax or National Insurance contributions (NIC).
The report states that these schemes claim to get around new disguised rules [...]
