You and your mum have a Capital Gains Tax allowance in the current tax year
of PS11,700 each.
This lets you see most line items from your federal tax returns for the current tax year
and for returns processed during the prior three years.
WITH the end of the current tax year
close upon us, HM Revenue & Customs are once again rubbing their hands with glee.
90 percent of the tax shown on the income tax return for the current tax year
The message is simple, plan now to take advantage of the allowances available in the current tax year
, don't miss out, these allowances may not be so generous after the next budget!
It is worth mentioning here that government wants to take the number of filing income tax returns to around 1.7 million in current tax year
Total income tax return filers stood at 1.238 million as of February 15 of the current tax year
2017 compared to 1.391 million in 2016.
I'm thinking I'll run into problems because I will be classed as being 40 during this current tax year
. Is this the case?
In March 2017, however, Pakistan's tax base shrunk further because only one million people filed their income tax returns in the current tax year
, a decrease of almost 17% or 200,000 people, calling into question claims of broadening the tax base.
So, if you qualify, it is possible to transfer up to PS1,100 of the lower earners allowance in the current tax year
Around 40% of people with cash Isa accounts have not used them to deposit any savings in the current tax year
, the bank's research shows.
According to the ONS, government borrowing for the current tax year
to January 2016 from April 2015 was GBP66.5bn, GBP10.6bn lower than the corresponding point in the prior 12 month period.