How to Calculate Your Business Turnover. Your business turnover consists of your total sales, takings, fees and any other money you earned during your accounting period.
When you are employed and self-employed you'll pay Class 1, Class 2 and Class 4 national insurance. That can add up, especially if you have substantial earnings. HMRC sets out a maximum amount every tax year of national insurance that you need to pay. Here's how to check if you are overpaying and how you can get a refund.
Depending on your profits from self-employment you may not need to pay Class 2 National Insurance. But you do have the option to pay it voluntarily. So why would anyone pay something they don't have to? Let's look at why.
Foster Carers need to follow special tax rules and are entitled to unique tax allowances that help reduce their tax bills. This guide covers what you need to do, the forms you'll need to fill out and how your taxes will work.
The Blind Person's Allowance is an additional amount of personal allowance given to those who qualify to claim it.
If you or your partner earn between £50,000 and £60,000 then you'll need to pay back any child benefit you have received in the form of an Income Tax Payment.
Child benefit is a payment by the government to support certain people who are responsible for children up to the age of 20. The amount you can claim, if at all, depends on yours and your partner's circumstances, as well as the number of children you are responsible for.
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