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The simple answer to this is: YES! It’s still very surprising how many PAYE tradesmen aren’t aware that very often they are due a tax refund.     There are a number of criteria to consider when gauging the eligibilty of a PAYE tax return. The most obvious consideration, and one that most tax refund […]

Your employment status, within the construction industry, can often be very confusing, deciding whether you should be classified as CIS (self- employed) or PAYE (an employee). When being hired, it should be made quite clear to you what your terms of employment are.  When you’re working for someone else, you need to know your employment […]

      There have been some concerns over recent letters from HMRC changing tax codes from the basic 747L to the new basic code, 810L.   This change is absolutely ok and reflects the change to the amount of income you can now earn before tax, £8105.00 per annum.   The change is effective […]

I’m sure that when Moira Stewart was doing the HMRC ad campaign she didn’t find her tax return taxing at all, but then I doubt she was ever confronted with filling in a 64-8 form or an SA1 and you can forget about National Insurance schedules. The idea behind this article is to give you, […]

Last month, we wrote about the Electricians Tax Safety Paln (ETSP) that would be launched in February 2012. HMRC have now announced that along with electricians other trades in the construction industry will be targetted too. These will include builders, roofers, window fitters, bricklayers, carpenters and joiners. The campaigns will initially concentrate on those who […]

Having successfully targetted plumbers, HMRC are set to target the next trade on their list – Electricians. The Electricians Tax Safe Plan (ETSP) is due to start in February 2012. Similarly to HMRC’s plumbers’ campaign, it gives an opportunity to another group of trades people to come forward and declare unpaid tax. From HMRC’s website: […]

 We thought it may be helpful to set out a typical timeframe for processing a tradesman’s CIS Tax Refund. Although we also complete the tax return process for PAYE tradesmen, this article is typical for CIS tradesmen. As soon as we are contacted, either by phone or our “Request a Callback” facility, we organise a […]

We recently were made aware of a warning pamphlet/ poster produced by the O.I.L.C,  the Offshore Energy Branch of the RMT. The “URGENT  –  ATTENTION ALL OFFSHORE WORKERS” poster can be found here. We fully agree with everything stated by the O.I.L.C.  We’ve read it and it is specifically in relation to sea-farers tax. This is in […]

If you file a Self-Assessment tax return (or your tax agent does it for you), you should be aware that the deadlines are 31st October for paper returns or 31st January for online. At Bettertax, we file all returns online and on time, unless we are claiming tax back from previous years. However, worrying stats […]