Renewing your tax credits claim
The deadline to renew the tax credit is July 31, and all applicants must renew their tax credit entitlement annually. If you have applied for tax credits before, you better hurry up and update them online or on the app. Each year, HMRC will automatically send you a...
Buying a Home: Home Loans
In recent years, more and more people are planning to buy real estate in the UK, especially the enthusiasm for buying a house with a loan remains high. There are many different types of loans on the market today, the most common types being fixed interest mortgages...
What Other Benefits Can I Get?
"What other benefits can I enjoy?" If your family is planning to move or has already moved to the UK, it is a good time to know these available policies. We've found some benefits you can still enjoy even if you're not a British citizen (BC) to help you quickly...
National Minimum Wage in the UK
Whether you are an employer or an employee, you should know about the national minimum wage. As an employer, you are expected to comply with the law and it is your responsibility to pay employees at or above the minimum wage and to issue payslips to them. As an...
Preview of July Tax Changes
As the policy continues to change, some important time points will occur in July. Some new changes require you to pay extra attention and complete them within the stipulated time. This month's National Insurance (NI) changes will change the real income of most people,...
Five Steps to Check the Electronic Invoice
HMRC has recently updated a document setting out what businesses need to be aware of when sending, receiving and storing VAT invoices in electronic format. If you have previously or want to issue your Value Added Tax (VAT) sales invoice electronically in the future,...
Will energy prices continue to rise?
Since energy prices once became a famous topic of social concern in April, a new round of energy price hikes is likely to rise again in October. Energy regulator Ofgem announced earlier this year that the new energy bill cap will be raised to £1,971 a year from...
Track Tax Evaders on Rental Income
If you want to hide your source of income tax from HMRC when buying a property, this is almost impossible. For property rental investors, actively reporting rental income tax is something you need to comply with. For HMRC, any source of income should be...
Proof of Funds When You Buying a Property
Despite the recent impact of inflation and rising energy prices, most households are spending significantly less on food and entertainment. However, this has not stopped people from buying houses in the UK. According to the British policy, the money used to purchase...
How is the National insurance cut calculated?
HMRC has updated the National Insurance (NI) threshold changes from July and launched an online tool to help people better understand how much tax savings the update will save. This policy basically covers most groups, and from July 6, 2022, the threshold will be...
