Monday, 9 May 2011
Sunday, 8 May 2011
Claiming Back Income Tax when you Leave UK Permanently
Claiming Back Income Tax when you Leave UK Permanently
Claiming Back Income Tax when you Leave UK Permanently
Are you leaving the UK?
In 2008 more then 395,000 people left the UK. Of these, 60% were migrants returning home permanently, while the remaining 40% were expats starting a new life abroad. Here our tax experts answer some frequently asked questions relating to claiming back tax when you leave the UK permanently:
Can I claim back income tax when I leave the UK?
Yes. Everyone that works in the UK is given a tax free allowance. In the tax year 2009/2010 this was £6,475, which is divided between your wages each week or month. If you leave the UK part way through the year, you will not have received your full tax free allowance and as a result should be due a tax refund.
How can I calculate my tax refund?
On your last day of work or shortly after, you should be given a P45 from your employer. On your P45 there will be the amounts you earned and paid in tax during the year. Input these figures into our tax rebate calculator and it will tell you if you are due a tax refund and how much it will be.
When can I claim my tax back?
Once you have stopped working and received your P45, you can then claim your tax refund.
I left the UK permanently 4 years ago, can I still claim?
Yes. You can still make a claim for up to 6 years. After 6 years you lose your eligibility to claim.
I have lost my P45/P60; can I still make a claim?
Yes. If you have lost your P45 or P60 you can still make a claim. You will need to contact your previous employer or employers and ask the payroll department for a 'statement of earnings'. A statement of earnings is document which can be used as a replacement for a P45 or P60.
How do I claim my tax refund?
You can either make a claim yourself or you can use a tax refund agent such as TaxFix to help you make your claim.
Claim Tax Back When Leaving the UK
Claim Tax Back When Leaving the UK
Many people leave the UK for various reasons; to explore a new country or to return to an old one. Whatever the reason, you will almost certainly be due some tax back when you leave the country. Here are the answers to some of the most frequently asked questions on this topic from our professional tax experts:
Who is due a tax refund when leaving the country?
Almost anyone that has worked in the UK, paid income tax and then leaves for an extended period of time will be able to apply for a tax rebate when leaving the country.
Will I be able to Claim all my tax back when leaving the UK for good?
It will depend upon your income for each previous tax year and how much tax you paid. However, you will almost certainly be due a tax refund from the tax year in which you leave the UK.
How can I calculate what my tax refund will be when leaving the UK?
When you finish working you should be given a P45 from your employer. This P45 will show the income and tax figures for the year. Input these numbers into our tax rebate calculator and it will tell you instantly if you are due a tax refund.
What about tax rebates for previous years?
If you have P60s for previous years you can check to see if you have overpaid in these years too. The longest you can claim is for 6 years in arrears.
When can I claim my tax back?
As soon as you stop working you can claim any tax rebate that you might be due.
Read more: Claim Tax Back When Leaving the UK http://www.taxfix.co.uk/forum/articles/claim-tax-back-when-leaving-the-uk.html#ixzz1LjwP1x6X
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Saturday, 7 May 2011
Daily News - Manager Online - She's hot! Super Model
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Thursday, 5 May 2011
How A Chanel Bag Is Made - PurseBlog
How A Chanel Bag Is Made
Posted on May 3, 2011 by Megs Mahoney DusilChanel is synonymous with timelessness. The brand’s coveted 2.55 bag (which is in fact its “date of birth”, February, 1955) continues to gain popularity for its classic design and longevity. Many people’s handbag collections have sprinklings of Chanel accessories from decades ago that never seem to age.
Mademoiselle Chanel designed her accessories to be both practical and sensible. To her, the accessories signified true emblem of luxury and elegance. This remains true to this day with Karl Lagerfeld at the helm of the brand.
When Coco Chanel began to design the classic bag, she strove for functionality. For this reason, the bag showcases a double flap with has a zip-fastened pocket inside it, intended as a secret place for storing a love letter or blank notes. On the inside of the bag there are three bellow pockets, also meant to store a lady’s necessities like lipstick.
Coco also insisted that the bag had to have body, which is why we see the quilted diamond shaped pattern that adds volume to the shape. The garnet colored lining matches the color of the uniform she wore in the orphanage, while the double C is stitched like a coat of arms. The iconic rectangular clasp that is gilted with gold, the famous leather and chain shoulder strap had never been seen on a handbag before Coco Chanel added them.
If you are in the Beverly Hills area, make sure to stop by the 400 North Rodeo Drive Boutique on Saturday, May 7 from 10-6 and Sunday, May 8 from 12-5 for the Secrets of the Handbag event.