As more people are having to pay tax on their investment income, here we remind you of some tax-free and tax efficient savings options that may be available to you....
The marriage allowance (also known as the transferable tax allowance for married couples and civil partners) allows you to give up some of your personal allowance to provide a tax credit for your spouse or civil partner. This can reduce the amount of tax that they pay. The timing of your claim can a...
If you are a subcontractor paid under the construction industry scheme (CIS) and need your pay and tax information to complete your tax return, here we tell you how to find the information - and what to do if you can’t locate it....
Working students are taxed in the same way as other employees. This means that if you get an employed job – for example during the summer – you will need to check your Pay As You Earn (PAYE) tax code to check you are paying the right tax. Use our guidance to help you! ...
Employers do not have to pay employees for their business travel. However, some employers may reimburse you partly or fully for business mileage in either a company car or your own car. We explain how these different employer payments are treated for tax. If your employer does not reimburse your bus...
Please note: this news article was originally published on 8 July 2024 and was updated on 26 July 2024 following confirmation from HMRC that they will write to affected taxpayers. HMRC have admitted that a processing error occurred with voluntary class 2 National Insurance contributions (NICs) ...