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12 Jul 22

What is a tax code?

What is a tax code? Tax codes are applied to income where tax is deducted at source such as employments and pension to calculate the amount of income tax that should be calculated on the amount payable to you. If your only source of income is subject to tax deducted…
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person filling out a paper tax return form
29 Jun 22

Payment on Account – what does it mean?

What are payments on account for tax? With the filing of personal tax returns in full flow, a question that often comes up is – what are payments on accounts and why do I need to pay them? We’ve broken this down below… When you complete a personal tax return,…
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