Self Assessment and Tax Returns
Income tax applies to the amount of income after deduction of personal allowances.
Income is taxed in a specific order with savings and dividend income taxed last.
A personal allowance gives an individual an annual amount of income free from income tax.
Income above the personal allowances is subject to income tax.
At Cox Costello & Horne we can assist with any queries you have surrounding rates and allowances.
Insights and latest news
Making Tax Digital (MTD) for Income Tax
We have compiled some simple tips for you to make the best use of Quickbooks to reduce time spent on this online resource.
NIC reliefs set for Freeports
Freeport operators will be able to take advantage ...
Almost 950,000 have already filed 2020/21 self assessment returns
HMRC has also issued a warning to taxpayers to be aware of copycat HMRC websites and phishing scams.