If you are an employee who pays for business-related travel expenses that your employer does not reimburse, you may be eligible for tax relief. It's critical to realise that the regulations governing which travel costs are eligible for tax relief are fairly stringent. The charges of 'ordinary commuting,' or the travel between an employee's home and a permanent office, usually are not eligible for tax relief....
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One of the essential things that uniformed workers should be aware of is that they may be eligible for tax breaks. The procedure is so simple that you do not need to hire a claims business to file one. In general, if you wear a uniform to work, you may be entitled to such tax breaks. These could include police officers, nurses, firefighters, a pilot, members...
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You may owe a lot of tax rebates or tax refunds to HMRC because of a number of reasons. Maybe you are currently employed and paying your taxes through PAYE, but your taxes have been calculated incorrectly. Or maybe there were a lot of errors when you did a self-assessment tax return, so instead of paying the correct amount, you just overpaid your tax. If you encountered...
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Whether you’re filing your tax return or enlisting a tax preparer to do it for you, it’s crucial to stay informed about some essential concepts in tax filing. After all, you want to be paying the right amount of taxes. You will also want to receive a reimbursement for those taxes from the government if you have overpaid. Tax filing can be a complicated process, especially...
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If you've finished filling out your tax return and feel that you paid more tax than you should have, don't worry! In this article, we'll show you how to check the status of your tax return and claim back some of your overpaid tax in the UK. Where can I check my state tax refund status? The easiest way to check your tax refund status is to...
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Working in the construction industry as an independent contractor, freelancer, or self-employed involves different tax rules and regulations. To avoid the rampant tax evasion in the landscape, the UK’s Construction Industry Scheme (CIS) initiates tax deductions dedicated to contractors and sub-contractors. What is the Construction Industry Scheme (CIS)? CIS enables British contractors and sub-contractors to process payments and taxes in a way that follows the provisions set...
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If you are a wedded couple, you might not know about your marriage allowance. First introduced in April 2015, it basically allows for the sharing of your personal allowance with your partner. Claims for the marriage allowance can be backdated for up to four years, so you can try to get your refund today. If you want to learn more about what a marriage allowance is...
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Nothing irks anyone more than having to deal with taxes. Whether you're employed, self-employed, run a small business or own a big company, you're required to pay for taxes. However, you should know that Her Majesty's Revenue and Customs or HMRC allows taxpayers to overpay since it's much better to pay more than too little. But it’s also worth considering to be careful because the HMRC...
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Paying for your taxes is supposed to be simple, but you can’t rule out taxing mistakes! In some cases, HMRC doesn’t have a complete and accurate picture of one’s work and financial situation, resulting in paying the wrong amount of tax. Here are some of the common reasons many UK taxpayers find themselves applying for a tax refund: 1. Working in the CIS Industry The Construction Industry Scheme...
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Paying for your taxes is supposed to be simple, but you can’t rule out taxing mistakes! In some cases, HMRC doesn’t have a complete and accurate picture of one’s work and financial situation, resulting in paying the wrong amount of tax. Here are some of the common reasons many UK taxpayers find themselves applying for a tax refund: 1. Working in the CIS Industry The Construction Industry Scheme...
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