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UK Tax News from TaxPenny

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Archive | February, 2010

Corporation Tax Calculator

Thursday, February 25, 2010

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We have added a Corporation Tax Calculator to our Tax Calculator website. You can calculate from 2007/08 to 2010/2011. Just enter your gross profits and the calculator will deduce whether you are in the small companies rate band or main rate. If you are above the small companies rate, the calculator will apply small companies marginal relief.

Dividend Tax Calculator

Thursday, February 25, 2010

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We have added a Dividend Tax Calculator to our tax calculator site! Just enter the net dividend you are taking, and the calculator will give you the amount of tax to pay. This is updated for the 2010/2011 rates on dividends where there is an additional higher rate of 42.5% where the gross dividend is over £150,000.

Tax Code Help

Friday, February 19, 2010

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Following on from our earlier post about HMRCs error with tax coding notices here, we have added a tax calculator to help you check whether your tax codes are correct if you are working 2 seperate employments. The calculator will take your first and second job details to produce the individual taxation breakdown for their individual [...]

Tax Graph

Saturday, February 13, 2010

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We’ve added a tax graph to our existing tax calculator website. You can now see how taxation on any sum has changed over the last 7 years when calculating tax. Give it a try at our tax calculator!

Tax Answers Forum

Saturday, February 13, 2010

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We’ve added a new tax answers forum to our existing tax calculator website. It’s now quick and easy to post a tax related question or answer online. You don’t need to register and the site is really simple to use. Give it a try!

HMRC Tax Code Error

Saturday, February 13, 2010

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Between January and March, 25 million new coding notices will be issued for 2010/2011. These tax codes will be updating each individuals tax allowances and relief based upon what they should be entitled to. This year, due to a shift to a new computer system for processing PAYE, there is cause to be extra vigilent when checking [...]

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