Income Tax in Devon What is income tax? Income tax is based on what you earn yourself and is only payable on certain types and amounts of incomes. You pay income tax on money you earn from employment, other profits, state benefits, pensions, savings, rental incomes and benefits you achieve from your job. As an employer you would have to deduct the correct amount of taxes from your employees' pay based on their yearly earnings.
In our services we offer advice on the areas of tax planning that we believe are most important to you to start your business in the correct direction and stay on track. We can also plan and deduct the correct amount of taxes from your employees and make sure all information is up to date to follow this procedure.
Most tax payers pay their taxes through P.A.Y.E, information on this can be found on our other page under 'Pay As You Earn'. It is important that although taxing isn't the highest valued aspect in businesses making profits, you have to adhere to it.
If you are in a state of an investigation by the HMRC we can alleviate any anxiety that an enquiry can bring and assist you in the correct manner on how to deal with this and comply to the rules.
