Did you know that HMRC has released a mobile tax calculator app?
Introduced in May 2012, the app allows individuals to work out the amount of tax they pay and how the Government spends it.
The app was set up as part of a Government initiative to make the tax system more transparent and to make it easier for people to access information about their taxes.
Recently updated, the app now has added features which include:
• Updated public spending information
• Pop-up explanations giving detailed descriptions of each spending category
• Ability to enter your own tax code
• More details on tax rates used – showing what income has been taxed at which rate, and the rate at which National Insurance has been charged.
If you would like to download the app, visit Apple’s iTunes store or the Google Play store where it is available for free.
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