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Let’s talk about HMRC Payments On Account as we fast approach the self assessment tax return filing deadline of 31 January. HMRC payments on account can be one of the most surprising tax bills for the self employed – especially for anyone who is filing their first self assessment tax return form. Here’s everything you need to … Read more
The Income Tax Bands for 2018/2019 in the UK are set as: Band Taxable Income Tax rate Personal Allowance Up to £11,850 0% Basic rate £11,851 to £46,350 20% Higher rate £46,351 to £150,000 40% Additional rate over £150,000 45% What is the Personal Allowance The personal allowance is the amount everyone in the UK … Read more