Secondary income or other income that can be taxed through your tax code includes some income from property such as rental income, untaxed bank or building society interest (the first 20 per cent is usually deducted before you receive payment but you’ll owe a further 20 per cent if you pay higher rate tax), dividend [...]
Income's tag archives
Secondary Incomes Taxable via Tax Code
Posted by admin in Monday, March 8th 2010 under: Financial News, Income, Tax Tags: dividend income, Income, rental income, secondary income, Tax, tax code .untaxed bank
How to Report Changes that Affect your Tax
Posted by admin in Monday, March 8th 2010 under: Financial News, Income, Tax Tags: allowances, extra tax, Income, less tax, Tax
You will need to be aware that a change to your income or circumstances may affect the amount of Income Tax you have to pay. Hence, you will have to inform your Tax Office about any changes as early as possible so that they can work out whether you need to pay extra or less [...]
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