The Unique Taxpayer Reference Number or UTR is an exclusive 10 digit code that’s allocated to you or a company by Her Majesty’s Revenue and Customs (HMRC). This code helps HMRC personally identify you with reference to any tax responsibilities or rebates. If You Have A UTR Number And: Work in trades, you need to […]
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What Tax Rates Do Small Businesses Pay?
In the United Kingdom, small businesses face a number of taxes that they must pay. It is also important that you understand which legal structure is best suited for your small business before registering your new business. Small businesses in the UK are subject to a number of taxes, depending on the performance of your […]
read more3 Tips to Manage your Money when Buying Online
The internet revolution has meant that it’s never been easier to buy goods and services online. The sheer convenience of online shopping has meant that many people are now choosing to buy goods at some unusual times of the day. But this convenience has meant that it can often be tricky to manage your money […]
read moreUK Taxation for Foreign Residents
Tax Refunds UK Expats Can Claim As an employed expat in the UK, you are obliged to file a UK tax return and also claim tax refunds UK taxpayers are entitled to. Not all taxpayers can claim a refund on tax, there are conditions when claiming a UK tax refund. Taxback has helped many foreign […]
read moreWhat is the 2019/20 PAYE Tax Code?
Could You Be Due for Tax Refunds? UK Taxpayers Time to Get Updated! Check the PAYE tax codes and seek tax refunds, UK taxpayers are eligible to claim from HMRC for any overpaid income tax! Under the wrong PAYE tax code, your employer could be deducting more than is due from your salary towards your […]
read moreFirst Time Workers
Are You Within the Self-assessment Tax Return or PAYE System? The definition of whether you are employed or on a self-assessment tax return for self-employed, as a first time worker in the UK, will make a difference to the amount you pay towards your UK tax return and National Insurance Contributions(NIC), as well as, the […]
read moreStudent Tax Refunds – Are You Owed Money?
How to Claim Back UK Tax Refunds As a student paying tax in the UK, you may be confused about paying the right amount; do you feel you have overpaid on your tax return and want to claim back UK tax? In this article, we offer you a step-by-step guide to understanding your UK tax […]
read moreHMRC System Error Could Lead to Fines for the Self-employed – Will You Be Affected?
A Glitch That Could Cause an Error in Your UK Tax Return A technical glitch within the HMRC system has at times been the cause for taxpayers receiving incorrect reminders on payments; a problem since a taxpayer not paying the right amount of their UK tax return does get fined! Are you on the self-assessment […]
read more07 Basic Tax Facts Every Student Needs to Know
How to Benefit From Your Uk Tax Return! Being savvy about your UK tax return procedures as a student can save you loads in cash! Hence, the time is now, to get better acquainted with HMRC rules and how UK tax rules work in your favour. You could ask the friendly tax consultants at Taxback […]
read moreA Guide to Filling in and Filing Your Self-assessment Tax Return
As it is important you fill in your self-assessment tax return before the 31st January deadline; this article helps guide and educate you on procedures pertaining to filling in your UK tax returns. When to Fill in and File your UK Self-Assessment Tax Return The 31st January of each year is the deadline for filing […]
read moreWhen is the Self-assessment Deadline for Tax Year 2018-19
2019 UK Tax Filing Deadline for Tax Year Ending 5th April 2019 Midnight of 31st January 2020 is your deadline for filing your online self-assessment tax return. While this is the general 2019 UK tax filing deadline, we’ve listed below all applicable tax deadlines falling in between the 31st January 2020 cut –off date. Not […]
read moreHow To Live Cheap In London On £40 A Day (or £1,200 a Month)
Relief from UK Tax Refunds for Non-Residents How To Live Cheap In London On £40 A Day? No, this is not a joke, and with GBP 40 we are not asking you to be extravagant, the figure is about the bare minimum you need to survive in London, one of the world’s most expensive cities. […]
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