Go to gov.uk/check-state-pension to check the current situation regarding your State Pension forcast. You can also check this via the HMRC app. This will tell you how much State Pension you could get, at what age and how you might be able to increase it. Those who are eligible have ...
If you believe your tax code to be incorrect, you should contact HMRC as soon as possible. Do I need to tell HMRC if I freelance as a second job? Most people who freelance as a second job do so as a “sole trader”, which is simply another term for being self-employed. You can ...
Former Head of Enterprise at the Institute of Chartered Accountants in England and Wales (ICAEW), Nick Levine, offers some further advice: “If HMRC has sent you a notice to file a return, you must complete one. “Even if you have not received such a notice, you may still need to file...
In the tax year ending April 2023, 74,000 people were registered as non-doms - up from about 68,900 in the previous 12 months, according to provisional figures published by HMRC. The status is very beneficial to some of the country's wealthiest people. Under the current programme, thos...
UK dividend tax explained Capital gains tax allowance Everyone has an annual capital gains tax allowance, or ‘annual exempt amount’ in the lingo of HMRC. This allowance was halved to £3,000 from 6 April 2024. It is (for now) frozen at this level. ...
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Your self assessment tax bill will give you the bank account details you’ll need to pay into. If you do not have a bill, or you’re not sure, you can pay into either: Sort code - 08 32 10 Account number - 12001039 Account name - HMRC Cumbernauld ...
To get the UTR number for a UPI transaction, you can use the UPI app or your bank’s app. Open the UPI or bank app. Go to the transaction history or account statement section. Find the transaction you want to check. Look for the UTR number or reference ID in the transaction details...
If you haven’t earned over your Dividend Allowance, you don’t need to tell HMRC at all. If you usually submit a Self Assessment tax return, there’s a section to declare dividend income to fill in. Otherwise you can get in touch with HMRC and ask them to change your tax code so ...
Import duty tax rates from China. Importing goods from China to the UK? Know how much you might have to pay for custom charges.