Think youre overpaying tax
Think youre overpaying tax
If you work hard but feel that your wage packet at the end of every week or month doesn't reflect this, there is a strong possibility that you might be overpaying tax.
This might strike you as unfair, but sometimes due to inaccurate figures or incorrect personal financial records people do sometimes pay more tax than they should.
The first thing you should do is arrange a meeting with the appropriate human resources person in your company to discuss the matter. If there is no such post in your company because the business is too small, then you should try to talk to the company accountant.
Again, if the accounts are out-sourced because the business is too small to warrant having someone fulltime, then you will need to bring the matter up with your boss.
Happily, getting tax back won't cost your boss anything and is usually relatively simple.
If you are self-employed then you or your accountant is responsible for your tax return and providing all the information which will be used to calculate your tax. Discuss the problem with your accountant in the first instance or take it straight to the tax department if you don't use an accountant.
Again, tax rebates are usually easy to organise.
If you are employed and would prefer to do the calculations by yourself, or if you are self-employed and want to check the figures before bringing it to the attention of the tax department, then why not utilise an online UK tax calculator?
A UK tax calculator works by taking all the figures and relevant information that you provide in order to work out what amount of tax you should be paying. In this sense it could also be called a salary calculator.
If you are self-employed then you or your accountant is responsible for your tax return and providing all the information which will be used to calculate your tax. Discuss the problem with your accountant in the first instance or take it straight to the tax department if you don't use an accountant.
Again, tax rebates are usually easy to organise.
If you are employed and would prefer to do the calculations by yourself, or if you are self-employed and want to check the figures before bringing it to the attention of the tax department, then why not utilise an online UK tax calculator?
A UK tax calculator works by taking all the figures and relevant information that you provide in order to work out what amount of tax you should be paying. In this sense it could also be called a salary calculator.
A good example of an online salary calculator is available, free of charge, at www.besttaxback.com.
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