Davidson News

Davidson News

Warning: Verify Your Tax Code to Avoid Paying More to HMRC

Warning: Verify Your Tax Code to Avoid Paying More to HMRC

Taxpayers are being cautioned to double-check their tax codes to prevent potentially overpaying the HM Revenue & Customs (HMRC). An error in your tax code could result in incorrect deductions from your salary or pension, leading to financial strain or unexpected bills. Tax codes, comprised of numbers and letters, are assigned by HMRC based on … Read more

Navigating the 2024 Self-Assessment Tax Return: A Guide to Compliance and Savings

Telegraph Money Breaks Down HMRC’s Requirements and Tips to Avoid Penalties As the January 31, 2024, deadline for the next self-assessment tax return approaches, Telegraph Money provides a comprehensive guide to help individuals tackle HMRC’s requirements and sidestep potential penalties. The guide covers essential information for the 2022-23 tax year, ensuring a smooth submission process. … Read more