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
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.
UK unemployment rate falls to 4.8% in March
The largest falls in jobs since February 2020 have been in the hospitality sector, among those aged under 25 years, and those living in London.
Government confirms start date for Plastic Packaging Tax
The UK government has confirmed that its plastic ...