Further to our report about changes due to be made to the way in which employers report payroll information to HM Revenue & Customs (HMRC), information has now emerged on one of the practical benefits of this transition for employees. To help make millions of people more aware of the amount of tax they pay, the [...]
Wednesday, February 2, 2011
For those of you who have income from various sources, a singular tax calculator is probably not going to be accurate as each income source affects the calculation of the various separate types of income tax. To make this easier you can now use our UK Tax Wizard website to quickly and accurately get a income [...]
Sunday, January 23, 2011
Following on from our update late last year to reflect the tax rates and allowances for the upcoming 2011/2012 tax year, we have just completed the addition of a new unique feature to help you keep track of your personal taxation. In the UK, employed people pay Class 1 National Insurance Contributions on PAYE income above [...]
Wednesday, December 8, 2010
Students working over the festive season are reminded that they can claim the tax back on holiday jobs where the total income for the year is below the annual personal allowance of £6,475. To take advantage of this and make sure no tax is deducted from their earnings, students are advised to complete the Form P38. The [...]
Friday, December 3, 2010
The Treasury has published details of next years tax rates and allowances for income tax and tax credit. The 2011/2012 tax allowances carry bad news for higher rate taxpayers who are hit with lower thresholds for both the higher rate tax band - which is down from £37,400 to £35,000 - equivalent to an extra £480 [...]
Monday, November 22, 2010
People who were caught out by errors in HMRC’s PAYE tax codes between 6th April 2006 and 5th April 2007 are to have the outstanding debts written off. HMRC will cancel the debts of nearly 1.9 million people who, due to errors within the Paye As You Earn system, were unknowingly undertaxed. The reason for the change [...]
Sunday, September 5, 2010
Use our Online Tax Code Checker to check where you stand - it’s free. HMRC finally reveals the total cost of errors that we first reported on starting from February 15th this year. Between January and March 2010, 25 million new tax coding notices were issued for people paying tax through the PAYE (Pay As You Earn) [...]
Tuesday, June 22, 2010
The Chancellor, George Osborne, will be announcing the Con-Lib Coalitions first budget since the election at 12:30 PM today. A lot of speculation hints at an increase in the income tax personal allowance by £1000 to £7,475 - other tax changes are centered around Capital Gains and VAT. Remaining changes will be to expenditure on welfare, [...]
Saturday, March 27, 2010
We have just launched our new mobile tax calculator - it is a fully functional mobile version of our popular website www.uktaxcalculators.co.uk. Due to the mobile nature of the new website we have added a few mobile specific features: Overtime Calculator - Just enter your hourly rate and the number of hours overtime at normal pay, [...]
Thursday, December 10, 2009
We have now updated our 2010/2011 Tax Calculator to include the latest tax rates and allowances figures as published on the HMRC website. Our estimates were quite off as there were not any changes to the personal allowances, higher rate threshold, national insurance thresholds and earning limits. However, the main changes in the form of the allowance [...]
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Sunday, June 19, 2011
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