Tax Rebates & Refunds

Other tax codes

January 29, 2014
Posted in Income Tax — Written by Jennifer — Comments (0)

Although the majority of tax codes are pretty easy to work out, as most people fall into one of a select few categories, others aren’t quite so simple. If your tax code is made up of the letter ‘D’ followed by a number or is two letters with no numbers then it’ll be one of [...]

Make sure you don’t pay more than necessary when you change jobs

January 28, 2014
Posted in Income Tax — Written by Geoffrey — Comments (0)

Although starting a new job is nerve wracking, it’s also an exceptionally exciting experience, especially if your new role is in a field in which you have a genuine interest. Starting a new job that you find interesting and which offers a wide range of opportunities will not only mean that you look forward to [...]

How the ‘K code’ works

January 25, 2014
Posted in Income Tax — Written by Chris — Comments (0)

If your deductions – e.g. savings, income from a property rental etc. – equate to more than your personal allowance then you’ll be given a ‘K’ tax code. The ‘K’ code will ensure that you pay the correct amount of tax and won’t be faced with a bill later on.
In a normal tax code, the [...]

How do you pay income tax?

January 23, 2014
Posted in Income Tax — Written by Geoffrey — Comments (0)

When it comes to UK income tax, there are two ways to pay. The majority of people pay income tax via the PAYE (pay as you earn) scheme in which case tax is deducted from your salary before it is paid to you. Some people, however, have to complete self-assessment. These individuals are usually self-employed [...]

Learning the language of tax returns

January 23, 2014
Posted in Income Tax — Written by Jennifer — Comments (0)

Now is the time of year when self-employed people up and down the country are grappling with their tax returns. It’s a period of monumental frustration, especially the first time you do it. Thereafter, you pretty much know the language of the tax industry and can handle things much better – but initially the forms [...]

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