Category Archives: Tax

Many people often ask, “What is a P60 form?” As for HMRC is concerned, Form P60 is the documented proof of what you earned and how much tax you have paid. P60- alternatively called the End of Year Certificate is…

If you didn’t know already, that you may be eligible for an Additional Medicare Tax if your income exceeds the limits that are in place. Any income that you get, this includes self-employment income, railroad retirements (RRTA) Compensation and your…

Tax credits is income given to people that are on lower income than everyone else. There are 2 different types of tax credits. The first one is working tax credit and the other one is child tax benefit. These tax…

The people that are most likely to be affected by this is people who have pensions, who are employed and anyone who pays any income tax. Personal allowance is the amount of tax free income that each individual has throughout…

If you are owed for a tax return then to claim it, you would have to do it online if your P800 tax calculations letter says you can get it that way. You might be able to get a tax…

With your savings, you can always earn interest. Depending on how much there is in your account, the higher the amount the more interest you can get on it. And some saving you may be taxed on it but most…

What is Net Investment Income? When you get income from the investment of your assets this is known as net Investment. The assets that you would get net investment income are loans, stocks, bonds and mutual funds and other investments….

HMRC income tax rates 2018 The current tax year for 2018 is from the 6th April to the 5th April 2019. The tax rate that you fall in all depend on how much income you get per year. It also…

Depending on what the vehicles CO2 emissions the first time it gets registered then that will be the rate that you will have to pay on your car tax. It applies to all cars and some motorhomes. If your motorhome…

The dividends is where you have a share of the after-tax profit of a company. It is distributed out to its shareholders according to the number and class of shares that they have. Smaller companies tend to distribute the dividends…