What is your UK income tax rate?

Most UK income taxpayers believe it to be 20pc or 40pc, perhaps even 45pc but, of course, there is an extra ‘tax’ on earnings, known as National Insurance (NI)!So, as salaries rise, the real UK income tax effective rates – including NI – change from 32pc to 42pc to 62pc then back to 42pc and, finally, to 47pc. And, as the great Michael Caine would say…. ‘Not a...
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HMRC Tax refund – Are you entitled for a tax rebate ?

Are you missing out on a UK income tax refund ? The Taxback Service Company is here to help you !   HMRC admits – 3.5 million people overpaid  on their taxes According to the HMRC , as many as 3.5 million people unwittingly paid too much UK income tax in the 2012-13 tax year (ie to April 5th 2013) and are each owed an income tax refund averaging between £350 and £500! Every year, the...
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UK Tax rebate Scam

Watch out for a new twist to scams – the UK income taxback or UK income tax rebate email. Julian Behrman from The Taxback Service Company (http://www.taxbackservice.co.uk) is urging people not to fall victim of the online con.   “Many people are being sent bogus emails that are pretending to offer them a UK income tax rebate from HMRC. They typically begin with an opening sentence such as...
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Why Britain’s income tax year ends on April 5th?

Have you ever wondered why Britain’s income tax year starts on April 6th and ends on April 5th? The explanation starts with Julius Caesar and one of Cleopatra’s astrologers, includes Pope Gregory X111 and ends in 18th century rioting by Britons who feared their lives were being curtailed. Unsurprisingly, few countries share Britain’s income tax year calendar; the practice is more uncommon than...
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