Your Ultimate Taxation Services London Solution Is Here At MSCO
Your Ultimate Taxation Services London Solution Is Here At MSCO In the UK, some people have to file a tax return every year. This is a form in which you report your income and capital gains for a tax year. You can also use the form to claim allowances and tax deductions. You submit the form to HM Revenue & Customs (HMRC) on paper or online. If you do not file a tax return, you cannot carry forward or cover your losses. Tax returns not only help you but also the country. The tax you pay is used by the government to build infrastructure and improve other facilities of the country like healthcare, defence, etc. Individuals whose taxable income exceeds the non-taxable maximum are eligible to pay taxes. Most UK employees pay all their taxes through the PAYE system and are not required to file a tax return. However, you may need to file a tax return because your tax affairs are complicated in some way, such as having a source of income that is not taxable other than your em...