Having the wrong HMRC tax codes means your earnings aren’t being effectively calculated. In other words, you’re either paying more than you need to or you’ll be struck with a bill you really don’t want. This all highlights the importance of having tax codes explained. So, in order ...
They do not count for Personal Allowance unless you ask HMRC to split that between roles, yet they can and do raise tax bills overall. Freelancers, contractors and sole traders must resolve their own secondary income outside of PAYE. You need the right tax codes, as well as a tool to ...
Income tax refunds explained Anyone is eligible to claim a tax refund if you have overpaid income tax in the current or last four tax years. There are strict deadlines to reclaiming an overpayment of income tax and it’s important to review your own tax position in full becauseHMRCultimately...
I received a letter from HMRC last week about my new tax code, and didn’t know that it works that way. I thought tax codes varies for different individual until I’ve read this article. Is there a way to claim or relieve my taxes that I’ve been paying? Or even, do I get back...
While the UK has introduced rules preventing the export of certain goods to Russia, banned items are still flowing into the country via third countries in the Caucasus and Central Asia. Some suspect that part of the reason these flows continue is that ...
2. You mention one strategy being to have a company in a low corporate tax jurisdiction and then paying yourself a salary/dividends in your resident jurisdiction (or waiting until you move to a more favourable jurisdiction before you pay yourself real money). Any advice for Maltese residents/do...
They do not count for Personal Allowance unless you ask HMRC to split that between roles, yet they can and do raise tax bills overall. Freelancers, contractors and sole traders must resolve their own secondary income outside of PAYE. You need the right tax codes, as well as a tool to ...