Your tax code and tax-free allowances - London

Thursday, 15 December 2016

Item details

City: London, England
Offer type: Offer
Price: £200


Contact name Rajesh Vekaria
Phone 020 8200 0016

Item description

As one of the leading firm in UK, we FinSol Tax Advisors offers experienced and qualified Accountants Wembley. Our professional accountants provide wide range of services and help to solve your problem.
To calculate the proportion of your pay you will get tax-free, first you need to add up the allowances and reliefs to which you are entitled – for example, personal allowance and blind person's allowance.
If you pay certain expenses to enable you to do your job, such as membership fees to a professional or trade organisation, HMRC may also include these in the allowances and reliefs in your tax code.
Fringe benefits
Your tax code may be used to collect tax on fringe (non-cash) benefits from your employment, such as a company car, or income from other sources that is taxable but paid with no tax taken off, such as the state pension.
These are deducted from your allowances and give you the amount of tax-free pay you are entitled to in a tax year. Your tax code may also be used to collect other tax due – for example, tax that you may have underpaid in previous years or higher-rate tax on savings.
If you have any query or would like to know more information about our accountants in wembley and their services, don’t hesitate to contact us.