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New Transferable Tax Allowance for couples

From April 6th 2015, married couples and civil partners may be eligible for a new transferable tax allowance. The measure will benefit couples where one earns less in income than the value of the personal tax allowance and the other is a basic-rate taxpayer. One partner or spouse can transfer 10% of their personal allowance to the other and this means that the recipient can earn an extra £1,060...
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Uniform Tax Rebate – are you entitled a tax back ?

If you are required to wear a uniform or need to wear protective clothing at work and have to cover all or part of the cost of washing/cleaning such workwear, then you are entitled to tax back on such costs! The Tax back Service Company helps individuals claim tax back. We have a dedicated team of taxback specialists, with many years of experience dealing with HMRC, working on a NO REBATE – NO...
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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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How is PAYE Tax Calculated ?

PAYE is an efficient, cheap and straight forward way of HMRC collecting income tax from employees (and pensioners) and, when it works properly, it is easy to monitor and check! Basically, then, almost everybody in the UK – men, women and even children are entitled to an annual personal tax allowance. This being the total amount of money they can earn free of tax. In the UK, every employee...
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