According to financial advisory service Smith & Williamson, if you earn £25,000 to £40,000, you’re likely to pay around 36% in taxes this year. If you’re moving house, the figure will probably be more like 41% to 50%, thanks to stamp duty. And if you’re a heavy-smoking, petrol-guzzling car-driving alcoholic, you’ll pay even more! To put it another way, taxes suck big time.
They suck even more if you’re one of the 9 million people who have to fill in a self assessment tax return. To help you in your task, here are six tips from the Daily Mail Tax Guide 2006/2007:…
Continue reading this article at the Motley Fool