Tax Return Question
Discussion
Sorry, that time of year for us all again!
Just finished mine (well all bar one little bit I have to get the information for in the morning) and have read through what would be my completed return without that employment.
Looking at the pdf of it I notice that there is no indication in respect of enquires 6(trust income) and 8(residence). Now the answer to both of these would be No but having been back through the questions they ask for a third time I can't see where I need to add or change anything to insert the requisite No's!
Any ideas? (other than do a paper return for YE04/11!)
Thanks
Just finished mine (well all bar one little bit I have to get the information for in the morning) and have read through what would be my completed return without that employment.
Looking at the pdf of it I notice that there is no indication in respect of enquires 6(trust income) and 8(residence). Now the answer to both of these would be No but having been back through the questions they ask for a third time I can't see where I need to add or change anything to insert the requisite No's!
Any ideas? (other than do a paper return for YE04/11!)
Thanks
I presume you don't have income of this type and therefore do not need to complete that section of the return?
I would just ignore those sections that aren't relevant.
Having said that, because I use commercial third party software (Iris) to complete my returns, I don't always know how HMRC handles some questions on their tax return screens.
I would just ignore those sections that aren't relevant.
Having said that, because I use commercial third party software (Iris) to complete my returns, I don't always know how HMRC handles some questions on their tax return screens.
Thanks Eric!
TBH if no one had answered I was going to just submit as is but it just bugs me that it leaves them an in to come back to me with.
Other than that it was very straight forward to do I found.
Now all I have to do is work out how I'm going to pay the 20p I owe! Damned if I'm going to let them mess with my tax code after they did that 10 years ago and it took them 3 years and a healthy rebate to put right again! WOnder if i should just send them a £1 and let them worry about it, I certainly wont over 80p
TBH if no one had answered I was going to just submit as is but it just bugs me that it leaves them an in to come back to me with.
Other than that it was very straight forward to do I found.
Now all I have to do is work out how I'm going to pay the 20p I owe! Damned if I'm going to let them mess with my tax code after they did that 10 years ago and it took them 3 years and a healthy rebate to put right again! WOnder if i should just send them a £1 and let them worry about it, I certainly wont over 80p
Have you answered the question regarding collecting tax through your tax code? HMRC gives you that option. However, the default setting is that they WILL NOT collect through your code unless you actively tick the box. So, DON'T tick the box if you DON'T want them to adjust your coding
I doubt they will try to collect the 20p and they will just leave it as a small debt on your Statement of Account.
The fact that you apparently owe them 20p is almost definitely down to the fact that the way your PAYE has been calculated has used slightly different rounding techniques compared to the HMRC Self Assessment software.
I doubt they will try to collect the 20p and they will just leave it as a small debt on your Statement of Account.
The fact that you apparently owe them 20p is almost definitely down to the fact that the way your PAYE has been calculated has used slightly different rounding techniques compared to the HMRC Self Assessment software.
Good point.
TBH I'm 99% sure it's down to some idiot being too cautious in making sure every penny of interest earnt went in the Return and as some was paid gross (not quite sure why but the accounts are old enough that the bank might still be treating them as tax exempt) it's left those few pence unpaid.
TBH I'm 99% sure it's down to some idiot being too cautious in making sure every penny of interest earnt went in the Return and as some was paid gross (not quite sure why but the accounts are old enough that the bank might still be treating them as tax exempt) it's left those few pence unpaid.
Eric Mc said:
That could be it.
You should instruct the bank to start taking out the tax.
You should instruct the bank to start taking out the tax.
First time I thought about it for more years than I care to remember was last night when I was looking through the tax certificates and so on. Top of my list of things to do tomorrow when the nearest branch is open.
Edited by Rude-boy on Wednesday 26th January 09:57
Very strange.
Which is correct then?
Maybe you should enter your annual details into this free on-line calculator and see what tax, NI and net salary figures are thrown up -
http://listentotaxman.com/index.php?c=1&yr=200...
Make sure you enter the correct -
Tax Year i.e 2009/10
Gross Salary
Age range
Tax Code at 5 April 2010
Which is correct then?
Maybe you should enter your annual details into this free on-line calculator and see what tax, NI and net salary figures are thrown up -
http://listentotaxman.com/index.php?c=1&yr=200...
Make sure you enter the correct -
Tax Year i.e 2009/10
Gross Salary
Age range
Tax Code at 5 April 2010
That's different to what you said earlier. You stated that your P60 showed different figures to your wages payslips.
So, are you saying that three sets of wages data are all showing different ammounts -
the P60
the wages payslips
amount of PAYE tax actually paid by the employer to HMRC
If so, which of these are correct?
If you don't submit your tax return by 31 January AND you owed some tax at that date, you WILL pick up the £100 penalty - irrespective of the fact that you may have been waiting for some issue to be resolved.
So, are you saying that three sets of wages data are all showing different ammounts -
the P60
the wages payslips
amount of PAYE tax actually paid by the employer to HMRC
If so, which of these are correct?
If you don't submit your tax return by 31 January AND you owed some tax at that date, you WILL pick up the £100 penalty - irrespective of the fact that you may have been waiting for some issue to be resolved.
Edited by Eric Mc on Wednesday 26th January 16:38
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