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.
Tag Archives | tax
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.
Take our Refund Potential Quiz to see if there is a nice sum of money waiting to be claimed by you!
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.
The 2011 South African Tax season is upon us again and this year’s theme is “Taking the ‘eish’ out of tax-eish-ion.” In keeping with this, here at 1st Contact the SA Tax team have been hard at work refining their process to make it easier for their clients.
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.
1st Contact is warning contractors, residing in the UK, who are seeking tax administration services, of a real threat in the industry. This announcement rides on the back of ‘fly by night’ Umbrella companies posing to the UK contracting market with dubious and unfounded services and credentials that do not meet basic legal and preferred [...]
In a recent report, it is alleged that the Australian government declared the Australian tax holiday as having reached an end. This was announced during the hand down of the 2009-2010 federal budget, some weeks ago, and is set to affect thousands of UK based Australians. In his recent announcement, treasurer Wayne Swan confirmed that [...]
When it comes to understanding contractors’ needs, there is none better that 1st Contact. Specialists when it comes to local business, we realise that our current economic climate represents a challenge to everyone. Current issues which affect our clients are often not reported by the news, so we are running a series of news stories [...]
Expert financial services and immigration group 1st Contact reveal a new security measure that has recently been implemented by her Majesty’s Revenue and Customs (HMRC). This new development requires the issuance of National Insurance (NI) numbers in order for 1st Contact to be able to follow up telephonically on tax refund submissions for our clients. [...]
According to expert immigration and financial services group 1st Contact, the 2009 deadline set for 5 February is fast approaching. 1st Contact affirm that many South African property owners living and working abroad are unaware of their obligation to register for income tax, making them eligible for the submission of an annual tax return.