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Business
Why Your Personal Tax Account Could Be the Key to Avoiding Tax Surprises
The Personal Tax Account is a personal tool that helps prevent unexpected tax bills. Surprise Self Assessment demands from HMRC—plus interest and penalties—can destroy cash reserves. A director’s modest salary might trigger an emergency tax code. Incorrect tax codes, combined with surprise payments and HMRC tax warnings after expense claims or IR35 missteps, create tax shocks that threaten sole traders, company…
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