Are you a UNISON member working in the healthcare sector? If so, you may now be eligible to claim tax relief on your UNISON subscription fees. After a twelve-year campaign, UNISON secured tax relief for members working in specific healthcare sectors, levelling the playing field with members of organisations such as the Royal College of …
What is a BR Tax Code? A BR (Basic Rate) tax code is a type of emergency tax code that tells your employer to tax all of your income from that job at the basic rate (usually 20%). On your payslip, a BR tax code may be shown in different ways: All of the codes …
What Is a BR Tax Code and How Does It Affect Your Income Tax? Read More »
As a PAYE mechanic, you might be wondering if you can claim VAT back on your work tools. The short answer is no – only VAT-registered businesses can claim VAT back on their purchases. However, there is still some good news: you can claim tax relief on your work tools through capital allowances. In this …
Tax code 1257L is the most common tax code in England and Northern Ireland for the 2022/23 tax year, which started on 6th April 2022. Understanding your tax code is important as it helps determine how much tax you need to pay on your earnings. In this article, we’ll discuss what tax code 1257L means, …
What is a tax code? Your tax code is used to determine how much income tax you’re required to pay. It is worked out by HMRC and sent on to your employer or pension provider. You can find your tax code on your payslips; P45; P60; and on a PAYE Coding Notice. Tax codes are …
Claiming tax back for working from home has been a hot topic of late. We’ll cut through the noise and provide the important details. Since the start of the pandemic, more businesses have had their hand forced and allowed remote working. But don’t expect the end of the pandemic to be the end for mass …
Overpaying tax is a common issue for many UK PAYE employees, and it’s important to know your rights when it comes to claiming back the money you’re owed. In this article, we’ll explore the time limits for claiming back overpaid tax, ensuring you don’t miss out on potential refunds. Time Limit for Income Tax Claims …
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What is a P60? A P60 End of Year Certificate is a document issued by your employer which shows your total taxable salary and income tax for the tax year (a tax year runs from 6 April to 5 April the following year). The form will also include details of your National Insurance contributions, student …
The 2018/19 tax year starts on 6th April 2018. An increased personal allowance of £11,850 will mean that most tax codes will increase to 1185L. What is the new tax code for 2018/19? The new standard tax code for 2018/19 is 1185L. Your employer will apply this tax code on your first payslip after 6th April …
What Is Marriage Allowance? The Marriage Allowance was introduced in April 2015. It rewards people who are in a stable relationship by allowing them to reduce their tax bill by one of the partners transferring some of their personal tax allowance to the other partner. It is available to married couples who meet certain criteria. …
