you can work with a tax planning expert to help come up with a strategy and find an option that works best. There are also some general calculations you can do yourself to try and find some marginal tax relief.
The CO2 emissions values supplied when you order your vehicle are only indicative - the actual values are only confirmed on the V5 and vehicle’s Certificate of Conformity. BIK rates change year-on-year, so you need to check if your tax calculations need adjusting each year....
Umbrella Company Tax calculator pic Welcome 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 showin...
“Even if you have not received such a notice, you may still need to file a tax return if you had a new source of income or capital gains in the last tax year on which you need to pay tax—if so, tell HMRC straight away.” You also need to register for Self Assessment well befo...
Accountants are armed with the specialist knowledge and tools required to complete your tax return for you, ensuring it reaches HMRC before the Self Assessment tax return deadline. Whilst accountants offer support and guidance as they complete all the calculations for you, they often charge a consi...
What happens to their respective loot after 20 years? Two decades later Everyone’s tax situation is different. The rate of tax on dividend income and capital gains depends on how much you have and what you earn. There’s no point me doing specific calculations. ...
This boils down to: if HMRC or another government department has made a mistake in your tax calculations, and you can prove it, you may be able to claim back tax beyond the usual 4-year period. How can I claim tax relief for pension contributions in previous years?
An estimated 1.1. million people have missed the deadline for filing their annual tax returns, HMRC has said. As a result, they face paying a fine of at least £100 - unless they can provide a valid excuse for failing to file before the end of January. ...
A range of non-cash benefits in the form of salary sacrifice schemes exist that you can take advantage of as a great incentive to attract and retain employees. In this article, we break down what your options are, how they affect tax calculations, and the advantages and disadvantages for bo...
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.