Watch out for fake HMRC texts and emails
Thousands of scam sites shut down by HMRC The figures relating to the number of scam sites are astonishing. Just in March 2018, HMRC asked for 2,672 fake websites to be taken down. 84,549 reports [...]
May 2018
What does HMRC do?
Anything you read about tax will inevitably include references to HMRC. Most people writing about tax assume that their readers already have all the insider knowledge and vocabulary they need. At Tax Banana, we don’t [...]
What is my National Insurance Number for?
Your National Insurance Number is your unique reference number which records the amount of National Insurance (NI) payments you have made. It is a combination of letters and numbers and it stays the same throughout [...]
April 2018
5 Amazing Things You Need To Know About R&D Tax Credits
Research and Development (R&D) Tax Credits are part of the government’s drive to boost investment in British innovation. Essentially, it is Corporation Tax relief. Currently, only 10% of eligible businesses are claiming; which leaves 90% [...]
How much income tax do I pay?
The amount of income tax you pay depends on how much you earn. There is great news as we start our 2018-19 tax year, with increased thresholds for the Personal Allowance, Basic Rate and Higher [...]
How much have you saved with your new tax code?
At the start of every tax year, HMRC issues all UK taxpayers with a new tax code. It is how HMRC tells you, your employers and others, how much tax you should be paying. How [...]