Since Scotland has a slightly different tax system, this calculator won’t give an accurate result if you’re living north of the border. Likewise, if you’re self-employed, taxes and pensions don’t work in quite the same way as for salaried employees. This calculator has been designed ...
This is then sent to HMRC on your behalf, after you check the relevant tax codes and ensure they line up with your earning status. Sole traders, on the other hand, have to ask for their Unique Tax Reference (UTR) number which is sent out – usually within 10 working days – after ...
Although it is outside of the question of “When do you pay tax on savings in ISAs” it is relevant to others if they inherit money from your ISA after your death. If the bequeathed is someone other than your spouse or partner, there is no escape; they will have to pay any tax due...
After three months, the fine increases. If HMRC asks you to send a Self Assessment tax return you must give details of your rental income and expenses for the tax year – even if you have no tax to pay. Need to know! The deadlines for paying your tax bill are usually: 31 January ...
This handy calculator will help you check the minimum hourly rates (minimum wage or living wage) you should be paying any member of staff in different circumstances. After identifying the correct hourly rate, sometimes employers think they are paying the correct wage when they're not. This "che...
SW1W 0DH.One in five Scots set to move houseONE in five Scots expect to move house in the next year with more than half believing property prices will rocket.Scotland is one of the most buoyant areas for housing in the UK - with even more activity than the prosperous south-east of En...