CIS – Are you due a refund from the Tax Man!
Are you a contractor in the construction industry? From April the 5th you are able to submit your CIS Tax return to the HMRC. But what does that mean? As a CIS contractor; 20% of the money that you earn is automatically deducted from your wages and sent...Employers NIC – “The Jobs Tax”
For every employee you have on the payroll who earns over £7956; you and your business will have to pay 13.8% NationaI Insurance Contribution (just another name for tax) on any earnings over this amount. That’s why it’s nicknamed the jobs tax! However a recent initiative will help reduce...Not paid your Tax? HMRC can take it straight out of your account!
HMRC will soon have the power to take money straight out of your bank account. If the HMRC think you owe any back taxes or have been overpaid tax credits of more than £1000. The new system was announced in the budget by George Osborne. These are now going...HMRC Tax Returns dates
Important dates for the diary for your 2013-14 tax return! I thought it would be worth reminding people of a few key dates with regard to your self-assessment Tax Return. 31 October 2014 This is the deadline for filing a paper tax return, whether you choose to work...
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