Author: stew
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Understanding a tax rebate on your PAYE salary
A tax rebate is a refund of overpaid tax by an individual to HM Revenue and Customs (HMRC). It can occur when an individual has paid too much tax through their employment, pension or other means. Common expenses that may be eligible for reimbursement from HMRC include the following: 1. Travel expenses for business trips…
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Demystifying Self Assessment Tax Returns: What You Need to Know
Introduction: Tax season can often feel overwhelming, especially for freelancers, self-employed individuals, and small business owners. In the United Kingdom, the self assessment tax return system is in place to ensure everyone pays the correct amount of tax on their income. In this blog post, we will explore what a self assessment tax return is,…
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Why you shouldn’t put off your tax return
Why you shouldn’t be putting off your tax return… When it comes to filing your self-assessment tax return, we know that it can seem like a daunting task and be one that you may want to put on hold or leave until the last minute. However, over the past 5 years, the amount of people…