Calculate the number of miles from your UK departure airport to your destination airport using an online mileage calculation tool (see Resources for two free websites). Enter "UK" as your departure country and select the UK airport. Select your destination country and airport. Click “Calculate ...
Filing a Self Assessment tax return online can feel overwhelming, especially if it’s your first time. Our guide walks you through the complete process – from registering with HMRC, to paying any tax you owe – so you can avoid both panic and penalties. What we’ll cover: What is a Se...
You may find that the easiest way to estimate your take-home pay as a sole trader is to take your expected annual income, less your expected annual expenses, work out the tax and national insurance (using the above rates) and then divide it by 12 for monthly ‘take-home’ or 52 for ...
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...
How to pay your Self Assessment bill Common Self Assessment mistakes to avoid Using accounting software to do tax returns Other helpful resources Glossary What is a Self Assessment tax return? If you’re self-employed, you’ve probably received emails from HMRC reminding you to fill out yourSelf...
Click on “Get your SA302 tax calculation” Click on the option to print the form Note that you may not be able to print this form from your HMRC account if you’ve submitted your tax return directly to HMRC through software. In this case you’ll just have to print the equivalent form...
Here are the most common deductions you’ll need to know about as an employer in the UK: Income tax National Insurance contributions Student loan repayments Net pay calculation Next you’ll have to calculate the net pay you’ll need to pay your employee. To do this you’ll start with the...
If you classify part of your home as business space, you may have to pay capital gains tax on it should you sell it. To avoid this, try and make your office a dual-purpose space, for example by using it as a spare room or exercise room. Try using different calculation methods to ...
Arguably the best way to meet the Self Assessment tax return deadline is to take advantage of tax return software: a system that sorts through the required information that you provide, and performs every necessary calculation! It also shows you all relevant sections that apply to your personal...
Important note: The expense calculation is based on full calendar days. In fact, to claim a full day, the traveller actually has to be away from home (or the office) from 0:00 to 24:00. Anyone who went on a business trip before 2014 will find that a few things have changed with ...