The NIC Election has always been accessible on HMRC's manual here however we've recently incorporated it onto our platform for our customers' convenience. 2. How to get HMRC’s approvalNOTE: This is a step-by-step guide on the NIC Election for an individual employee. If you wish to get...
Sure, you can easily notify HMRC about your change of employment. Since your employer pays you through Pay As You Earn (PAYE), they will send details of your earnings and tax deductions to HMRC. Once HMRC receives these details, they'll automatically adjust your tax code if necessary, to ...
David Mitchell SmithMichael A. Silver
To check your mortgage eligibility before speaking to a broker or lender, it can be worth using online mortgage calculator. You can put in a few details and find out how much you can borrow or what your repayments would be. However, online calculators can only provide an estimate, and ...
If you don’t have one, you will be taxed more than normal so it’s wise to get yours as soon after arriving in the UK as possible. The Revenue and Customs Department (the HMRC) no longer issue ‘temporary’ National Insurance numbers. After applying you will receive your National Insura...
The Government has introduced a new online payment service which will make it easier for customers to check for and fill any gaps in their National Insurance (NI) record, which should ensure they will get the State Pension they are expecting. Around 12.7 million people currently receive the ...
If you’ve not completed a tax return online before, you must register for an HMRC online account. When you’ve signed up, HMRC will post you an activation code, which can take 10 working days to arrive—or up to 21 days if you are abroad—so do this well in advance. You’ll ...
Another popular scam is where fraudsters submit a refund claim to HMRC on your behalf, charging you a fee based on how much you get. Later, when HMRC discovers you weren’t owed a tax rebate, it will request immediate repayment, leaving you out of pocket because of the fee you’ve paid...
How to get a UTR number - If you are self employed or sole trader³ A sole trader or self-employed must register within HMRC for self assessment if they earned more than 1,000 GBP before tax relief in the last tax year (between April 6 and April 5 of the following year). Here is...
The Sage Making Tax Digital for Income Tax Self Assessment hub covers everything you need to know from key deadlines, to getting MTD-ready with our HMRC recognised accounting software. Make MTD simple, get started today.