Browsing: Finance
What is self-assessment tax? HMRC or Her Majesty’s Revenue and Customs collects income tax by two methods. One is by…
What is the ‘bedroom tax’? The ‘Bedroom tax’ is referred to as a penalty levied if you own a spare…
We know money and types of money can get a little confusing as there are several types and multiple reasons…
What is the PAYE tax? ‘Pay as you earn, ‘also known as PAYE, refers to the income tax directly reduced…
What is Tax Credit? There are two types of tax credits. These state benefits are of two types: Working Tax…
What is council tax? Council tax is a mandatory tax applicable on your domestic property in the UK. It is…
What is an Emergency Tax? An emergency tax is a temporary form of tax levied by the government of the…
Generally, one’s source of income after retirement is a pension. In some cases, your pension is taxable too. It is…
Each year citizens of the United Kingdom have to hand back a share of their income and earnings to the…
Paying taxes is a crucial function that citizens have to carry out in order to provide the governments with the…