As part of his drive to tackle the budget deficit, George Osborne’s statement on the 21st of March announced revised details of his plans to cut child benefit payments, which will result in parents earning 60,000 pounds or more losing the benefit altogether. Osborne admitted that his original plans to take child benefit away from [...]
Spring is in the air and the new tax year is around the corner! Now is the perfect time to understand the effect of George Osborne’s Budget 2012, review your own or your business’s financial circumstances and make the necessary changes to ensure you get the most out of 2012!
With the end of the tax year on us, we’ve rounded up the 4 basic considerations for alleviating your tax burden.
If you’ve applied for your UK tax refund through 1st Contact Tax Refunds, you could be in line to receive back some of your hard earned money!
If you worked in the UK at any time during the 2005/2006 tax year, you should apply for your refund as soon as possible. The UK tax office has recently shorted the reclaim period from 6 to 4 years. The new time period will begin in April 2012, allowing a short grace period for claims from 2005/2006.
We have heard from HM Revenue and Customs (HMRC) this week that it is preparing to send out tax rebates totalling £2.5 billion between now and the end of next year, as it clears its backlog of pay as you earn (PAYE) open cases for the tax years 2003 to 2008.
The European Commission has recently given the green light to the UK government’s measures aimed at increasing tax relief for people who invest in fast growing small firms. The measures, first announced in the annual budget speech in Spring, will now come into effect, as part of the Government’s plans to create employment.
Take our Refund Potential Quiz to see if there is a nice sum of money waiting to be claimed by you!
IR35 legislation is once again in the spotlight after another tribunal hearing has ruled against HMRC in favour of the independent contractor, finding him to be “legitimate”.
Around half a million taxpayers did not receive their Self Assessment Tax Forms in time to submit and pay by the 31st of July this year. HMRC on their website said that “no one needs to worry about this” and apologised for the delay, presumably caused because the Revenue ran out of paper.
It’s the end of the tax season and now is a good time to apply to claim back any tax you may have overpaid in the last tax year, as well as the past 4 years, if you haven’t claimed previously.
Tax Penalties are enforced by HMRC for various reasons and are more often than not the direct result of either procrastination or a lack of information. Ensure you don’t cut into your annual take-home pay by having to fork our hundreds of Pounds for penalties which could have been avoided in the first place.
Many people don’t bother to apply for a tax refund because they either believe they are not due anything, or they feel the hassle far outweighs what they might get back. But the truth is with just a phone call to 1st Contact Tax Refunds, and a little time and energy to get the right [...]
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With the end of the financial year looming, fraudsters, phishers and con artists are once again hard at work trying to take your money!
With the end of the financial tax year just a few weeks away, 1st contact would like to urge you to check if you are due a UK tax refund. The 1st Contact Tax Refunds team is geared up and ready to deal with the numerous claim requests that start pouring in at this time [...]
Claimers beware! There’s yet another Inland Revenue scam floating around the internet. The site claims to be the Inland Revenue in order to obtain people’s details. Rather get in touch with 1st Contact Tax Refunds instead.
A few months ago, 1st Contact launched a Facebook competition, and now Vicky Tomlinson has won her refund of £198 in cash!
If you’re an independent contractor in the UK – whether seasoned or new to the game – you might find the thought of self promotion or marketing a little daunting. It needn’t be! Here are 5 fairly simple ways to promote yourself and your business. Each requires a fair amount of input on your part, [...]
National Freelancers Day will be a day when PCG members and the wider freelance community take time out to reflect on the growth of the freelance sector across the UK and its contribution to the economic well-being of the nation.