Umbrella Company Tax calculator picWelcome to iknowtax.com where you will find Tax and NI calculators containing the latest official rates from the HMRC. It allows you to calculate your net income after tax and see what the taxman is taking. You will find lan easy to understand table showing...
Please note that HMRC do not advise on where you can gain tax relief. You’ll have to determine these areas for yourself, or use tax software like GoSimpleTax to find that information for you. It’s important to be aware of the deadline date, as filing a late tax return will result...
Our simple solution for value added tax (VAT) filing Alphabridge provides the mandatory digital link between the VAT calculation spreadsheet and HMRC in the UK, ensuring compliance with MTD for VAT. Explore Alphabridge Highest quality benchmarking services at the lowest costs! The TPnext Benchmar...
Completing your Self Assessment can be daunting. Read this guide on submitting a tax return for sole traders or self-employed and learn all you need to know.
But calculating the tax you owe differs slightly as you must subtract your dividends from an accumulation fund’s capital gain. That way you’ll avoid being taxed twice on the same amount. Our post on UKtax on reinvested dividendswalks you through the calculation. ...
The United Kingdom (UK) government imposes airport taxes (known officially as UK Airport Passenger Duty). The airport tax is added to the price of your flight, collected by the airline and then paid to Her Majesty’s Revenue and Customs (HMRC). The duty is payable for each person travelli...
Council Tax Internet and telephone use Water rates Some repairs and maintenance work Buildings insurance How to maximise your home office expenses claim The HMRC states you need to find a “reasonable method” of dividing your personal and business expenses. The method you choose may affect how mu...
Deductions calculation The exact deductions you need to withhold depend on the employee’s situation, including their income and tax code. Here are the most common deductions you’ll need to know about as an employer in the UK: Income tax ...
If for any reason the employee can’t use their Spendesk card, they snap a picture of the receipt via the Spendesk mobile app and create an expense claim on the spot. This is sent directly to their manager for validation, and on to the finance team. ...
Setting aside tax to pay HMRC It is important to set aside a provision for your tax and national insurance from your income, weekly or monthly. A weekly approximation based on the annual calculation in the previous paragraph makes a lot of sense, especially for new freelancers. ...