Inland revenue how much tax to pay

Individuals pay income tax and health surcharge on their income. There are different procedures for paying taxes, depending on whether the payee is an individual or a business. In order to pay taxes, all individuals, whether they are self-employed or employed by someone else, must have a BIR file number.

Please follow the link below to apply for a BIR file number. Please note that individuals are no longer legally required to file income tax returns unless they are professionals or self-employed. Your employer will deduct taxes from your salary and pay them to the government on your behalf. However, you can choose to file a return if you are unhappy with the amount of tax that has been deducted from your earnings by your employer.

If you are self-employed you must file a tax return at the end of the financial year. The filing deadline is set by the Inland Revenue Division, is usually in March or April, and can vary from year to year.

You can download an income tax return form and read filing instructions by following the links below.

Contact us. Applications for the first 3 close on 1 December. Find out more. Tax codes only apply to individuals. They help your employer or payer work out how much tax to deduct before they pay you.

Tax rates are used to work out how much tax you need to pay on your total income for the year, from all sources. Individuals pay progressive tax rates. HMRC can take the money you owe directly from your bank or building society account. Find out more about distraint on the the GOV. If you don't pay or your debts exceed your assets, you could be bankrupted and lose your home, business, savings and investments. You have a right to fair treatment by HMRC even if you can't pay your tax.

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Comments or queries about angling can be emailed to anglingcorrespondence daera-ni. If you have a comment or query about benefits, you will need to contact the government department or agency which handles that benefit. Contacts for common benefits are listed below. Print this page. Is there something wrong with this page? Something is broken or outdated. Your email address. Page last updated: 10 August