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UK-Norway Iceland Liechtenstein free trade agreement
Business guidance, reports and other documents to help you understand the UK-Norway, Iceland, and Liechtenstein free trade agreement (FTA).
Essential Steps Before Launching an International Auction Business
Expanding a business internationally presents unique challenges, particularly when that business involves auctions. The global auction market continues to grow as more entrepreneurs see its potential for reaching new customers across borders. However, success in this specialised field requires careful planning and the right technological foundation.
Innovative Welsh exporter puts Britain at the forefront of global immunisation efforts
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British aerospace manufacturers to benefit from UK-US trade deal
British aerospace manufacturers to benefit from UK-US trade deal as further details announced
PM secures new agreement with EU to benefit British people
UK secures new agreement with the European Union to support British businesses, back British jobs, and put more money in people’s pockets.
Tax Refund if Your Tax Burden Fluctuated Over a Period of Three Years
You could be eligible for a tax refund if your tax burden fluctuated strongly over a consecutive period of three years.
Did you have a highly variable income spread over three consecutive years? Then you probably pay more tax than if you receive that income evenly over a year. You can then qualify for the so called averaging scheme (“middling”).
With averaging you calculate your average income over 3 consecutive calendar years. This is the averaging period. You then calculate how much tax you have to pay per year. Are the new tax amounts lower than those of the previous attacks? Then you may be entitled to are fund.
For whom is averaging meant? Here are a number of example situations:
You got a permanent job after your graduation and you had a part-time job besides your studies.
You received a severance payment (‘golden handshake’) and then a WW benefit.
You have started or stopped working in recent years.
You work as a freelancer or as an entrepreneur.
You have taken unpaid leave (for example for a sabbatical).
You started working part-time.
Are you a foreign taxpayer in one or more of the relevant three years. Then the following applies to the averaging arrangement.
From tax year 2015
You may use the averaging arrangement if you are a qualifying non-resident taxpayer (no longer a choice).
Tax years 2014 and earlier
You may use the averaging arrangement if you have opted for the resident taxpayer as a foreign taxpayer. Or if you earn 90% or more of your total income (worldwide income) in the Netherlands.
We can take care of the entire procedure for averaging. In addition, we can assist you in drawing up your income tax returns.