Tax return time
Re: Tax return time
Tax needn't be taxing. Bugger off. It quite often is!
I got pumped for child benefit in 2016/17, 2017/18, 2018/19 as like many, I was unaware of the threshold. I then have to do 3 or 4 years of self assessment (backdated). Wife cancelled child benefit in Feb 2019.
This week I got a letter stating that I owed them just over £1k for CB in the tax year 19/20. Spent ages on hold then talking to a fuckwit who eventually understood that I didn't owe it but still need to get a letter of proof of cancellation from the CB office even though he could see when it was cancelled.
While in my online tax portal I noticed that I had been requested to do a self assessment and that it was due on the 31st Jan. Another hour on hold and I luckily ended up with someone who was both knowledgeable and helpful. They could see that I didn't need to do one and cancelled it thankfully.
It really is shit dealing with anything to do with tax and it's a bloody lottery with the quality of staff and info when you call too. Hate it!
I got pumped for child benefit in 2016/17, 2017/18, 2018/19 as like many, I was unaware of the threshold. I then have to do 3 or 4 years of self assessment (backdated). Wife cancelled child benefit in Feb 2019.
This week I got a letter stating that I owed them just over £1k for CB in the tax year 19/20. Spent ages on hold then talking to a fuckwit who eventually understood that I didn't owe it but still need to get a letter of proof of cancellation from the CB office even though he could see when it was cancelled.
While in my online tax portal I noticed that I had been requested to do a self assessment and that it was due on the 31st Jan. Another hour on hold and I luckily ended up with someone who was both knowledgeable and helpful. They could see that I didn't need to do one and cancelled it thankfully.
It really is shit dealing with anything to do with tax and it's a bloody lottery with the quality of staff and info when you call too. Hate it!
Re: Tax return time
I've been looking at the online application thing for business mileage tax relief. It's got a limitation of £2.5k before you have to self assess. Mine is coming in at around £3k for 21/22 tax year. Question is, can you under claim to bring you under the threshold?
If I want to do a self assessment it seems like you get a load of penalties for assessing a previous TY, which presumably would wipe out any benefit to bothering.
Maybe it's too much hassle for the small amount I'd be due.
If I want to do a self assessment it seems like you get a load of penalties for assessing a previous TY, which presumably would wipe out any benefit to bothering.
Maybe it's too much hassle for the small amount I'd be due.
-
Swervin_Mervin
- Posts: 4743
- Joined: Wed Apr 11, 2018 8:58 pm
Re: Tax return time
I doubt anyone's going to check that you've claimed slightly less mileage than you might have done...
-
Delphi
- Posts: 822
- Joined: Thu Apr 12, 2018 8:11 am
- Location: Leeds, West Yorkshire
- Currently Driving: Porsche 928 S4, Porsche 987 Boxster 2.7, Volvo XC40
- Contact:
Re: Tax return time
Since quitting contracting, filling in HMRC forms is certainly not something I miss.
If you get all wobbly-lipped about the opinion of Internet strangers, maybe it's time to take a bath with the toaster as you'll never amount to sh1t anyway.
Re: Tax return time
Today has been a good day for taxes, I had to pay just short of £2k when I did my self assessment, but I realised that I might have some tax relief due from a previous years pension payments. I spoke to HMRC and they basically dictated a letter that I needed to write and send (it couldn't be done over the phone because the overall figure was £80 over the threshold 
). Anyway, long story short, I got an email about a £2,250 refund today.
Which was nice.
). Anyway, long story short, I got an email about a £2,250 refund today. Which was nice.
Re: Tax return time
Result!Rich B wrote: ↑Wed Feb 08, 2023 8:00 am Today has been a good day for taxes, I had to pay just short of £2k when I did my self assessment, but I realised that I might have some tax relief due from a previous years pension payments. I spoke to HMRC and they basically dictated a letter that I needed to write and send (it couldn't be done over the phone because the overall figure was £80 over the threshold
Which was nice.
So how are you going to sensibly invest/frivolously waste that?
Cheers,
Mike.
Mike.
Re: Tax return time
Straight into ethereum. We all know Rich loves cryptoAscender wrote: ↑Wed Feb 08, 2023 10:09 amResult!Rich B wrote: ↑Wed Feb 08, 2023 8:00 am Today has been a good day for taxes, I had to pay just short of £2k when I did my self assessment, but I realised that I might have some tax relief due from a previous years pension payments. I spoke to HMRC and they basically dictated a letter that I needed to write and send (it couldn't be done over the phone because the overall figure was £80 over the threshold
Which was nice.
So how are you going to sensibly invest/frivolously waste that?
An absolute unit
Re: Tax return time
I'll be a millionaire by the end of the week!!ZedLeg wrote: ↑Wed Feb 08, 2023 11:02 amStraight into ethereum. We all know Rich loves cryptoAscender wrote: ↑Wed Feb 08, 2023 10:09 amResult!Rich B wrote: ↑Wed Feb 08, 2023 8:00 am Today has been a good day for taxes, I had to pay just short of £2k when I did my self assessment, but I realised that I might have some tax relief due from a previous years pension payments. I spoke to HMRC and they basically dictated a letter that I needed to write and send (it couldn't be done over the phone because the overall figure was £80 over the threshold
Which was nice.
So how are you going to sensibly invest/frivolously waste that?
Re: Tax return time
Do it!
Re: Tax return time
Ah, it's my quarterly letter from HMRC about the VAT I don't owe them and they haven't been able to allocate to my account. Guess it's time for my quarterly hour long telephone call back to them to let them know what they've not done.
Cheers,
Mike.
Mike.
-
Jimmy Choo
- Posts: 2007
- Joined: Thu Apr 12, 2018 7:43 am
Re: Tax return time
Where did all the Chinese go? I appreciate that there's data missing but the graphic makes it seem like they're all just vanishing. Or in the case of Russia, falling out of windows.
Banal Vapid Platitudes
Re: Tax return time
And here's the inevitable "we're passing this to a debt recovery agency" letter. Sigh....
Cheers,
Mike.
Mike.
