HMRC will allow you to back-date your tax claim for up to 4 years. There are strict time limits on when you need to claim by for each tax year. Make sure you claim by the dates shown below to ensure…
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…
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…
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…
If you’ve received a letter from HMRC advising you that you have paid too much tax, you can now claim your refund online by using your Personal Tax Account. HMRC’s end of year reconciliation…
What is a P800 Tax Calculation? A P800 is a document produced by HMRC that shows your income, allowances and tax relief’s for the tax year. It will show a calculation of the total…
6th April 2016 marks the start of the new tax year and for most employees, the new tax code will be 1100L which should mean a welcome increase in take-home pay. Tax code for…
Self-employed workers have the option of using simplified expenses in order to calculate their business expenses. Using simplified expenses utilises flat rates as opposed to working out actual…
Current HMRC legislation allows you to claim tax relief for each business journey you undertake in your own private vehicle. This post looks at what documentation you need to keep in order to…
If you’re a resident of the UK and receive foreign income or capital gains from abroad, you’ll usually be required to declare this through Self-Assessment. When foreign income consists of…