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  2. What you need to file a self assessment tax return as ... - AOL

    www.aol.com/file-self-assessment-tax-return...

    Over 12 million people are thought to need to complete one this year, which includes self-employed people, anyone employed with earnings above £150,000 and those with a side hustle bringing in ...

  3. Working Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Working_tax_credit

    It is possible to ask HMRC to base their calculations on the estimated current year's income, but this does carry some risks. [4] After the end of the tax year, HMRC send claimants forms (TC603R and TC603D commonly called renewal or declaration forms) asking them to confirm their actual income for the year just ended.

  4. Making Tax Digital - Wikipedia

    en.wikipedia.org/wiki/Making_Tax_Digital

    HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and simpler for taxpayers. [2] The changes are expected apply to a wide range of taxpayers, including most businesses, micro-businesses, self-employed people and landlords, as well as individual taxpayers.

  5. Taxation in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_Kingdom

    NICs are payable by employees, employers and the self-employed and in the 2010–2011 tax year £96.5 billion was raised, 21.5 per cent of the total collected by HMRC. [69] Employees and employers pay contributions according to a complex classification based on employment type and income.

  6. Everything You Need To Know About Self-Employment Tax - AOL

    www.aol.com/finance/everything-know-self...

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  7. Inland Revenue - Wikipedia

    en.wikipedia.org/wiki/Inland_Revenue

    Together with the House Tax and the Window Tax, they came to be known as the 'assessed taxes' and were intended as a progressive form of taxation on the wealthy. [ 5 ] Income tax was introduced in various forms in 1797, 1799, 1803 to 1816, and then reintroduced in 1842 as an annual tax which is formally renewed in each year's Finance Act .