Whether you’re employed or self-employed makes no difference to the range of mortgage products that you’re entitled to in the UK. Lenders just need to know about yourability to repay. Having a contracted salary from an employer is a great way to demonstrate this, but there are plenty of...
Your own taxes: Your taxes are deducted from your salary each month. However, since you’re also the company, you’re the one who’ll need to make the calculation and actually deduct tax through HMRC’sPAYE system. The usual rates apply to your salary. However, anydividendsover £5,000...
Go to the HMRC website (see Resources). Scroll down until you get to the listing of the latest airport tax (currently effective Nov. 1, 2009). Check your chosen travel class: first or business class relates to the standard rate listing, economy class relates to the reduced rate listing. ...
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...
TheStatutory Residence Testis the process that determines the UK tax residence status of individuals with connections to the UK, whether they live in the UK or not. It was introduced by HMRC on April 6th 2013. Due to the complexity of the Statutory Residence Test, the information in this art...
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...
UseWise Business to run international payrolland see how much you can save. Get started with Wise Business 🚀 Payroll manual calculations As we’ve seen, when you manually calculate payroll for your employees, you’ll need to pay attention to the legal calculation requirements, as well as not...
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 ...
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.
The unique number will be designated by HMRC.There is an alternative number for exporting or importing physical goods to/from Northern Ireland, which remains part of the EU for customs purposes. EORI numbers for use with Northern Irish shipments start with XI. Otherwise, they are the same as ...