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What is the Self-Assessment Tax Return? Your self-assessment tax return is a system used by the HMRC to collect tax from certain taxpayers. Under this system, the tax return (SA100) must be completed yearly and taxpayers’ details like their income, capital gains, claim allowances and reliefs must be clearly shown. When completing this legal document,Read more

As an employee working for an employer there are different tax implications that you would be liable for as an employer or contractor. In this article we are going to look at what you need to be aware of, both in terms of what you could potentially charged on what you earn but also possible benefits.Read more

IR35 is properly known as “intermediaries legislation”. It is more commonly referred to by the consecutively numbered Inland Revenue (now HMRC) budget press release number 35 in which it was announced (i.e. the 35th press release of that year), titled “IR35: Countering Avoidance in the Provision of Personal Services”. IR35 is the United Kingdom antiRead more

Tax is a key source of funds that the government uses to provide services to the public and support its own administrative activities. Income tax is a type of tax levied by the UK government directly on personal income. Who must pay income tax There is a simple three-step test to determine whether you shouldRead more