PLEASE NOTE: The charity TaxAid advises only those people on low incomes whose problems cannot be resolved with HMRC.

Archive for July, 2015

17/07/15 New wave of PAYE tax calculations issued

HMRC is now sending out tax calculations (P800 forms) for PAYE taxpayers for 2014-15. How this might affect you If you are an employee or pensioner and have not paid the right amount of tax under PAYE, HMRC may send you a bill, or a refund. Why might this happen? This may happen because: Your […]

16/07/15 So what has changed in the Budget?

Most of the changes announced in the recent summer Budget are coming in from April next year, but there are some which will have impact sooner. Changes to taxation of interest and dividends We already have a 0% band for savings income (excluding dividends), but this can be hard to access. If your taxable income […]