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Archive for September, 2010

Latest news om HMRC Tax Calculations

As you may know, HMRC revealed that 1.8million people had underpaid tax in the last 2 tax years through errors in their PAYE codings, and an even greater amount have overpaid for the same reason. HMRC have been issuing what is called a P800 tax calculation, to a limited number of people so far, over[...] Read more »

Received a tax calculation from HMRC?

Whether it be an underpayment or an overpayment how sure can you be that what you have received is correct? HMRC are issuing tax calculations for the tax years 2008-09 & 2009-10, with several million taxpayers affected by this. If you are NOT a self assessment taxpayer for either of these years and have been[...] Read more »

National Minimum Wage

Changes for pay periods commencing on or immediately after 1 October 2010. New rates are: Age 21 & over £5.93 Age 18-20 £4.92 Age 16-17 £3.64 NEW – Apprenctice rate for under 19′s – £2.50 also applies to apprentices in first year of apprenticeship irrespective of age   Sign up to receive the monthly Tax[...] Read more »