Following the budget speech, the press has been full of summaries and analysis of all the big changes.
The Isle of Man government recently signed an agreement with the UK government to automatically exchange a wide range of financial information on UK tax payers.
If you’re a contractor in the UK, and you are not ready to start a limited company, you should seriously consider joining a reputable umbrella company.
3 easy steps to keeping what’s yours.
George Osborne’s Autumn Statement: read our quick run-down of all the key points.
According to a report by The Telegraph this week, around two thirds of British millionaires have either left the country or taken steps to reduce their taxable incomes. This after then-Prime Minister Gordon Brown raised the top tax rate on those making more than £1 million a year to a whopping 50%.
If you are self-employed (a sole trader or a member of a partnership), or the director of a limited company, you must always fill in a SA100 tax return. If you receive untaxed income from savings or property, chances are you will also need to fill in a return.
From 7 January 2013, people who earn more than £60,000 a year will no longer be entitled to child benefits, while those earning between £50,000 and £60,000 will see their benefit removed on a sliding scale, depending on their exact earnings.
Make sure you don’t cut into your annual take-home pay by being forced to hand over hundreds of Pounds in tax penalties, which most likely could have been avoided in the first place.
If you are serious about landing that dream job – the one you actually enjoy going to day after day – the first step is getting your CV to survive the “NO” pile. No easy feat when you consider that recruiters can end up with hundreds, even thousands of CVs for a single job.
Expect a noticeable increase in your insurance premium by the end of 2012. Experts advise that insurance in the UK could go up by as much as 30%. This includes all insurance products: car insurance, life insurance, income protection, disability, and critical illness insurance.
On Friday the 14th of September, the HMRC “amnesty”, which allowed regular online traders the opportunity to pay lower penalties for not paying tax on their online profits, came to an end.
HMRC will send out thousands of letters this week, urging taxpayers to deal with any outstanding tax returns – including any that are still outstanding for previous tax years.
If you regularly send money from the UK, you might not be aware that there’s an easier, cheaper, more convenient option.
Once upon a time not so long ago, our forefathers would leave school or college, find a job and then stick with it until retirement time came around.
The Taxpayers’ Alliance has joined forces with the Petrol Retailers’ Association to put pressure on the government to cut or freeze fuel duty until 2015.
Visa recently released a report which reveals that a total of £445.3 million was spent by international visitors during the first week of the Olympic Games.
According to a recent study done by www.unbiased.co.uk, Britons have failed to claim an estimated £12.5 billion in tax credits, including £7.3 billion in income-related tax credits.
If you’re a contractor in the UK, and you need to make payment on account to HMRC through self assessment, it is important to make the second payment before 31 July 2012.
Take our quick quiz to see whether you have what it takes to make it in the demanding and high-pressure world of contracting.