How To Avoid Paying Too Much Tax Without Paying A Tax Advisor.
Personal Tax account is an important tool that HMRC uses to implement making taxes digital for individuals. This account has all the information that relates to a taxpayer. Information such as their full name, their pay as you earn information, employment history from previous years. For self-employed taxpayers, it also has their self-assessment details and tax calculation. […]
TAKE 10 MINUTES TO SET UP AN AMAZING TOOL THAT WOULD SAVE YOU MONEY
Personal tax account, a new tool created by HMRC. A personal tax account is one of the new tools that HMRC is using to apply to make tax digital for Individuals. HMRC are investing so much in technology and innovation and they launched out using dynamic coding for PAYE(pay as you earn). This means they […]
Making Tax digital (The Final Plan)
The journey so far with making tax digital Making tax digital has been in various debates over several months. HMRC’s argument is that modernizing the tax system would make it more efficient and effective. They also believe digital tax records would help to reduce the tax gap. The tax gap is the difference between the amount the taxpayers […]