Taxes

HM Revenue and Customs collect taxes in order to pay for public services. Each year the Chancellor’s Budget sets out how much it will cost to provide these services and how much tax is needed to pay them.

You pay Income Tax on your wages if you’re employed, the profits from your business if you’re self employed, your state pension and any private pensions as well as benefits such as jobseekers allowance, careers allowance and incapacity benefit.

When you start a new job your tax will need to be sorted out and one way in which this is done is by getting a P45 form from your previous employer when you finish your employment with them. Your P45 form is a record of your employment and the amount of tax that has been deducted so far in the year. It shows your tax code and Pay as You Earn (PAYE) reference number, your national insurance number, leaving date, your earnings in the tax year and how much tax was deducted from your earnings.

Taxes are an area that causes much confusion even with people who deal with them on a daily basis. There is often confusion about the amount of tax that you should be paying and on many occasions people often end up either paying too much or too little tax.

Here at Legal Angles we aim to provide you with all of the information and advice that you will possibility need when it comes to aspects of your taxes. If you have a question or a query regarding your taxes then let Legal Angles know as we more than likely have an answer.

Legal Angles exists to provide you with all of the answers you could ever need to sort out all aspects of your taxes. Whatever you want to know, here at Legal Angles we will be able to provide you with an answer.

For more information about your taxes and for an answer to any of your questions then contact Legal Angles today by filling in our online claim form.