Personal Tax

The Autumn Budget 2021 – Personal Taxes

Autumn Budget 2021 Personal Taxes

The Autumn Budget was announced on Wednesday 27th October 2021. We go through the key announcements from the budget below. It includes how the budget will affect individuals and the personal taxes that they pay. For information on how the Autumn Budget 2021 will affect businesses – see Autumn Budget 2021 Business Taxes Personal Tax …

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Marriage Allowance – Claim your £251 Tax Free Cash

Married Couples Allowance

The marriage allowance for 2021/22 is £251. This is tax free cash which an estimated over 2 million couples don’t claim. Better still, you can claim back for the previous 4 tax years. As a result the total tax rebate can be as high as £1,219. This total is explained later. WARNING: Don’t use a …

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Budget 2021 – The Big Freeze on Personal Tax Allowances

Budget 2021 Personal Taxes

The Budget 2021 and the big freeze on personal tax allowances! The UK Budget was announced on Wednesday 3rd March 2021. Many had expected tax rises to pay back the deficit caused by the pandemic. Although many tax rises were avoided, the big freeze on tax free allowances over the next 5 years will effect …

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Tax Code 1257L – How to Check Your Tax Code is Correct?

Tax code 1257L will be the most common tax code for the tax year 2021/22 and 2022/23. It is expected to be unchanged until 2026. It replaces tax code 1250L, which was the most popular tax code for the last 2 tax years (2019/20 and 2020/21). Most taxpayers will receive an updated tax coding notice …

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Examples of Tax Payable on Bitcoin Profits

Bitcoin Tax Examples

Bitcoin and other cryptocurrencies have increased significantly in value over the last few years. At the time of writing on Thursday 11th February 2021, a Bitcoin is priced at $45,531. As a result of this significant growth, many investors are looking to cash in on some of their accumulated profits. The tax on bitcoin in …

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How to Claim the Self-Employment Grant?

Self Employment Grant

UPDATED: 12th July 2020 – There are only 24 hours left to claim the first self-employment grant. The scheme closes at Midnight on Monday 13th July 2020. To make the claim click on the following link HMRC Self-employment grant claim and follow the instructions. HMRC Self-employment Grant Step by Step Video HMRC have released this …

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Coronavirus Self-employed Grant Calculator

Self Employed Grant Calculator

Try our Self-employed grant calculator tool to see how much you can claim from the Government. The maximum grant is £2,500 per month. Conditions of the Self-employed Grant Claim To qualify for the grant, self employed individuals must confirm the following: A 2018/2019 tax return has been submitted (and it was submitted by 23rd April …

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