Personal tax - Personal income tax




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Flow Chart
Flow chart - high income child benefit chargeIf you or someone you live with is receiving child benefit and your or their income exceeds the limit set by the government, one of you will be required to pay extra tax. The tax charge can apply in other ... Read more
12 Apr 2024
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Flow Chart
Flow chart - pension contributions annual allowanceIf you are under 75 you're entitled to tax relief on pension contributions of up to £60,000 in a tax year. Flow chart Our Flow Chart - Pension Contributions Annual Allowance will help you work out ho... Read more
02 Oct 2023
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Flow Chart
Flow chart - student loan repayments Whatever type of student loan you have you're required to make repayments when your earnings reach a certain level. You may have more than one type of student loan each with different repayment stating points and r... Read more
02 Oct 2023
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Letter
Property allowance claim for partial reliefThe property allowance is a fixed tax deduction for individuals that is given against income derived from land and buildings (property). It applies automatically if the qualifying income received in a t... Read more
16 Nov 2022
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Letter
Trading allowance claim for partial reliefThe trading allowance is a fixed tax deduction given automatically against miscellaneous or trading income if it is no more than £1,000 in total during the tax year. Where income exceeds £1,000, the t... Read more
16 Nov 2022
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Letter
Trading allowance election to disapply reliefThe trading allowance is a fixed tax deduction given automatically against miscellaneous or trading income if it does not exceed £1,000 in total in a tax year. There can be circumstances where it is... Read more
16 Nov 2022
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Flow Chart
Flow chart - income tax trading loss reliefWhere a business makes a loss from its trading activities, the business owners may be entitled to claim tax relief. This is given by allowing the individual to reduce the amount of income on which they are o... Read more
20 Oct 2021
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Flow Chart
Flow chart - employee expenses paymentsAs an employee or director if you incur expenses relating to your job you might be entitled to claim a tax deduction for them. However, there are rules and procedures which HMRC applies rigorously.Flow chartThe ... Read more
20 Oct 2021
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Flow Chart
Flow chart - claiming the trading allowanceThe trading allowance is a fixed tax deduction which can be claimed against miscellaneous income or income from self-employment in place of the actual costs incurred in generating it. In effect it means that... Read more
15 Dec 2020
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Flow Chart
Flow chart - claiming overpayment reliefIf you discover a mistake in or an omission from your tax return or assessment, which has resulted in your tax bill being too high, and the deadline for amending it has passed, you may be able to claim overpaym... Read more
15 Dec 2020
Credits: 1