End of the tax year in the UK! Apply for your 2012/13 UK tax return!
Applying for a tax refund can be confusing and complicated so we’ve partnered with taxback.com to help make getting your tax back fast and hassle free for you. To apply for your tax refund now simply register here and download your tax pack. To apply you will need your P45 or P60, but don’t worry if you have lost them, taxback.com provide a document retrieval service! If you have any tax questions, taxback.com’s Live Chat Team are on hand to help, or you can check out taxback’s FREE UK tax refund calculator.
If you are self assessed in the UK you will need to file your UK tax return by 31st October annually if filing on paper or by 31st January if e-filing. If you miss these deadlines you will incur penalties. Below we have outlined the now more stringent penalties that came into place on 31st January.
| Length of Delay | Penalty | |
| 1 day late | £100 fixed penalty. This applies even if you had no tax to pay. | |
| 3 months late | £10 for each following day – up to a 90 day maximum of £900. This is as well as the fixed penalty above
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| 6 months late | £300 or 5% of the tax due, whichever is the higher.This is as well as the penalties above. | |
| 12 months late | £300 or 5% of the tax due, whichever is the higher.In serious cases you maybe asked to pay up to 100% of the tax due instead.
These are as well as the penalties above.
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For a FREE Self Assessed Quotation simply register here.
If you have just arrived in the UK and plan to start an employment here you might be facing the necessity to open a UK bank account in order to receive your salary. If you wish to skip the bureaucratic procedures related with that we have a smart solution for you – a pre-paid international MasterCard®. This is the new clever way to pay for things when you’re abroad. We’ll provide you with a reference letter to your employers, which is all they need in order to transfer your salary into your pre-paid debit card. It’s also possible to load funds on your card from your home country. Our pre-paid debit card is accepted everywhere that MasterCard® is so you don’t need to carry cash when you travel to the UK. The best part is that all transactions with the card are considered domestic in the UK and you don’t get charged with international transaction fees. All direct purchases with the card at POS terminals at shops, restaurants etc. are free of any transaction charges. Find out more…
