You may know already that every UK taxpayer has a Personal Allowance, which is the amount they can earn before they start paying income tax. However, what you may not realise is that the allowance threshold changes every tax year, usually increasing to the benefit of most taxpayers.
As part of measures to help out [...]
Tax Rebates & Refunds
Do you know your new Income Tax allowance?
Poll finds that a third of Americans like doing their tax returns
Filing a tax return is something of a nightmare for many people, something that is dreaded and put off as much as possible. However, it seems that not everyone finds self-assessment (as HMRC calls it in the UK) so time-consuming, frustrating and confusing, as a new poll has found that a third of Americans actually [...]
Spotting an emergency tax code – here’s what to look for
If you think you are on an emergency tax code, you need to get in touch with HM Revenue & Customs (HMRC) as soon as possible. This is because, on an emergency tax code, you are likely to be paying much more income tax than you need to.
However, before you can get your tax [...]
UKIP leader calls for no tax on minimum wage
The leader of the UK Independence Party (UKIP), Nigel Farage, has called for the government to stop deducting income tax from the pay of people on minimum wage.
During a debate on a recent episode of the BBC’s Question Time, Mr Farage said that by charging no tax on people earning minimum wage, it would [...]
The 10 essential things you need to know about tax returns pt.2
Many people suppose filing your own tax return to be a difficult, complex and frustrating experience, but in a lot of cases, it really isn’t.
In part 1 of this guide, we looked at the first five essential facts you need to know about tax returns. Let’s rundown the remaining five:
6. To complete a tax return [...]
