Tax basics
Overwhelmed by tax? Don’t worry, we’re here to change that.
In this section of Tax Confident, we go back to basics and tell you all you need to know. No judgement, no jargon.
What we cover
An intro to tax
Nothing’s a stupid question. We answer some of the most common – like what is tax? Who are HMRC? What’s National Insurance? And what’s a Personal Allowance? We’ll take you through the most common taxes you’ll come across too.
The different ways we collect tax
There are 3 main ways depending on whether you’re employed or self-employed: PAYE, Simple Assessment and Self Assessment.