Deciding that an annuity’s the right choice for you is only the beginning. You still need to look around, find the right one and then buy it. We’re going to give you some key pointers to help you do just that. Sign up to our newsletter Subscribe to our newsletter for tips on ho...
Telling HMRC about your income change Is there a simpler way to pay tax on my second income? How much tax do you pay on a second job? Mostly, the rates are exactly the same as you pay for primary employment. The basic rate applies for a second job too, just like higher and addition...
Reasons to keep tabs on incoming and outgoing payments – over and above the bookkeeping practices required by HMRC and Companies House – are abound; sales volume, for instance, is a valuable key performance indicator. Let’s take a look at some other global bookkeeping and accounting best ...
The balance between the two is crucial to balancing your books. AsHMRC summarises: “If you’ve charged more VAT than you’ve paid, you have to pay the difference to HMRC. If you’ve paid more VAT than you’ve charged, you can reclaim the difference from HMRC.” What are the VAT R...
For full information on payment methods, consult HMRC's guidance on sending tax returns. 31st January - First Payment on Account If your Income Tax bill was over £1,000 and you paid less than 80% of owed tax at source, you must make an advance payment towards the next year's Self ...
You can claim the remaining 25p from HMRC You can use your payslips as evidence of your business travel and the amount you’ve already been paid. What Does ‘Temporary Workplace’ Mean? This is a crucial definition for determining which of your journeys are eligible for mileage tax relief....
They then needed to contact HMRC to secure an 18-digit reference number to make the payment. Says Haine: "The new service will speed this process up by allowing people logging into their Personal Tax Account or the HMRC app to not only view any payment gaps but also check if they can...
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They then needed to contact HMRC to secure an 18-digit reference number to make the payment. Says Haine: "The new service will speed this process up by allowing people logging into their Personal Tax Account or the HMRC app to not only view any payment gaps but also check if they can...
HMRC does use QR codes in its letters to taxpayers, but they would never take you to a website page that asks you to reveal personal tax or financial information. The same is true of texts. If you receive an automated phone call pretending to be HMRC warning you that it is taking lega...