A Tax refund is when you have overpaid tax which may only be determined on submission of you tax return.

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Why have I received this letter? You will receive this tax calculations letter if HMRC think that you have underpaid or overpaid tax in a previous year.

In most cases the adjustment will relate to an incorrect tax code in

Creative Industries to be Given Tax Reliefs

Creative industries are to be given tax reliefs, the Treasury has announced.

It is hoped that this will make the UK more of a competitive location for the production of animation, video games and high budget television shows.

Currently, it

£100 million Tax Break Planned for Small Firms

Chancellor George Osborne is set to announce a £100 million tax break for entrepreneurs who want to invest in the UK’s fastest growing businesses.

He plans to raise income tax relief from 20 percent to 30 percent for Enterprise Investment