The majority of the working population have their tax deducted at source from the company that they work for, however, anyone that is self-employed has to complete a self-assessment tax return in order to be taxed appropriately on their earnings by Her Majesty’s Revenue and Customs (HMRC).
Published: 2 February 2019
The tax collected from individuals breaching the Lifetime Allowance (LTA) has rocketed by £100m since it was introduced in 2006, with the latest figures showing that £110m in tax was collected from individuals exceeding the allowance during 2016/17, compared with less than £10m in 2006/7 when the Lifetime Allowance (LTA) was introduced.
Published: 26 August 2018
When employees are stressed their health and productivity levels can suffer. In fact, over half of employees use time at work to deal with personal financial matters. Here are five work-related tax entitlements employees could be missing out on and how to help them benefit…
Published: 18 May 2018