July 4, 2024Published by All Tax Accountants on July 4, 2024Categories Income TaxWhat your tax code meansThe letters in your tax code signify your entitlement (or not) to the annual tax free personal allowance.
July 4, 2024Published by All Tax Accountants on July 4, 2024Categories Income TaxIncome Tax in ScotlandThe Scottish rate of income tax (SRIT) is payable on the non-savings and non-dividend income of those
June 27, 2024Published by All Tax Accountants on June 27, 2024Categories Income TaxAre you claiming the marriage allowanceThe marriage allowance can be claimed by married couples and those in a civil partnership and where a
June 20, 2024Published by All Tax Accountants on June 20, 2024Categories Income TaxIs your income over £100,000?If you earn over £100,000 in any tax year your personal allowance is gradually reduced by £1 for every £2
June 13, 2024Published by All Tax Accountants on June 13, 2024Categories Income TaxInterest on children’s savingsAll children in the UK have their own personal allowance, currently £12,570. There are special rules if a
June 13, 2024Published by All Tax Accountants on June 13, 2024Categories Income TaxSelf-assessment payments on accountSelf-assessment taxpayers are usually required to pay their income tax liabilities in three instalments
June 6, 2024Published by All Tax Accountants on June 6, 2024Categories Income TaxFiling your tax return earlyThe 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024. Most
June 6, 2024Published by All Tax Accountants on June 6, 2024Categories Income TaxNeed to register for self-assessment?There is an online tool, developed by HMRC, that allows taxpayers to check if they need to notify HMRC
May 30, 2024Published by All Tax Accountants on May 30, 2024Categories Income TaxCarry back charitable donationsIf you are a higher rate or additional rate taxpayer you have the option to carry back your charitable