How to get full value for money from your Council Tax

The system of councils in England is something that… You’re reading the blog post How to get full value for money from your Council Tax that was written by and first published on Getting Loans and Credit & Managing Money.
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How to get full value for money from your Council Tax

The system of councils in England is something that… You’re reading the blog post How to get full value for money from your Council Tax that was written by and first published on Getting Loans and Credit & Managing Money.
http://bit.ly/2Kmh3s2

The January 31 tax deadline and what it means for you

If you are one of the six million people who have yet to send in your tax return and are obliged to do so, then you now have two weeks to complete it, file it with Her Majesty’s Revenue and Customs and pay any tax that you owe. If you don’t meet this tax deadline, then you must pay a £100 fine and may face other penalties. Last year, nearly 900,000 taxpayers missed the deadline for filing their 2014/15 return and had to pay the fine. With so many returns still outstanding, it’s a fair bet that the figure is likely to be similar or higher this time around. Who must file a tax return? You must file a tax return If, during the tax year that ended on April 5, 2016 you were: Self employed Received more than £2,500 in untaxed income (this might have come from a rental property) You or your partner’s income was more than £50,000 and you claimed child benefit You sold shares, a second home or other items which netted you enough profit to warrant capital gains tax You are a higher r
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How to get your Council Tax reduced

Council tax payments make up a significant proportion of the average household’s monthly expenditure. In some cases, a household’s council tax payment can represent about 10 per cent of its total outgoings. But if your home is in the wrong council tax band, then it’s possible that you may be paying far too much every month and you could be in line for a refund. If you think that you are paying too much council tax each month, what can you do about it? What is council tax? Any home that is classed as a residential property and a primary residence is subject to council tax that includes houses, flats, permanent caravans (statics) and even houseboats. Council tax is used to fund your local authority, police and fire service expenditure. That includes your county and district or unitary authorities as well as your parish council. The amount of council tax you will actually pay depends on the value of your home. Every property in England and Scotland is put in one of eight council t
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Tax tips for self-employed people

There are many joys to being self-employed. Being your own boss, working flexible hours and directly benefiting from your own creativity are just a few. However, whether you’re a freelance artist, accountant, mechanic or writer, you still need to manage your income and pay tax. If you’ve switched from a full time job then managing your own tax affairs will be new. HMRC certainly doesn’t make it easy. However, there are ways to make sure that you’re on top of your obligations, as well as minimising the amount that you need to pay. Register with HMRC When you become self-employed you’re obliged to register with HMRC. There are time limits that apply to when you need to register. The latest date by which you can register without incurring penalties is 5th October after the end of the tax year for which you need to file a tax return. Tax years run from 6th April to the following 5th April. Make record keeping a priority Many people leave their tax affairs and records until month
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