Tax return blues - would a bit of solidarity help?
- Thread starter billy_bob
- Start date
ATOMIC SUPLEX
Member Since: 1985 Post Count: 3
Oh jeez you have a better memory than me about me.You had the same problem last year!
Did seem a bit easier this year, but I fear change and didn't like the duplo look.
ATOMIC SUPLEX
Member Since: 1985 Post Count: 3
OK all done. Just need to pay now, and after last years payments on account that's thankfully only three grand for now.
Leafster
.
Problems with HMRC's website stick out for me, being an accountant, as it's good to know what sort of problems clients (and others) might have if they do their Tax Returns themselves. Fortunately, I don't have to deal with the HMRC website for Tax Returns as I use software which uploads them from my PC.
The good news is that you've done your Tax Return a week earlier than last year.
ATOMIC SUPLEX
Member Since: 1985 Post Count: 3
Yay.
Better breakdowns and explanations of payments this year. Still some pointlessly over complicated questions that are actually quite easy when explained clearly.
So many ways they could make this much easier.
managing you account from previous returns looks like it might be a lot harder to find, (not that searched for it, just didn't see the option) as logging into my account only brought me to the current tax return I needed to fill in.
Leafster
.
This might be of interest to some of you...
Self Assessment returns: unbelievable excuses and dubious expenses
Self Assessment returns: unbelievable excuses and dubious expenses
Just trying to decide if I should do a tax return or wind up self employment, done nothing "freelance" (that's a very glamorous term for cash in hand or one off bits of service user involvement work) for a couple of years.
Think I'll wind up this year. If I need to do more freelance I will set up again.
Think I'll wind up this year. If I need to do more freelance I will set up again.
Leafster
.
If you cease self-employment and that was the only reason you've had to do Tax Returns then in future years (where HMRC haven't issued Tax Returns) you may be able to take advantage of the new "Trading Allowance" introduced from 6th April 2018. Effectively, if you have trading receipts of less than £1,000 in a tax year you wouldn't need to prepare a Return just for that.
Tax-free allowances on property and trading income
Leafster
.
If you've been notified that you need to do a Tax Return you should submit it even if your self-employed earnings are nil. You may be able to phone HMRC and explain that you're no longer self-employed (and haven't had any self-employed income for a couple of years) and don't believe you need to prepare a return for 2018. They may cancel the 2018 Return requirement if there are no other reasons for you to do a Return but they may not. If they won't cancel it, when you prepare your Return make sure you complete the entries to confirm that you have ceased self-employment. Then, if there are no other reasons for you to prepare a Tax Return you won't need to do one in future years. Having PAYE income doesn't necessarily mean you need to prepare a Return - the bulk of people who earn via PAYE do not prepare Tax Returns.
Then, when you no longer receive a Tax Return and you receive casual earnings from self-employment below the £1,000 you won't need to re-register and start filling out Tax Returns again.
Leafster
.
HMRC's SA helpline (0300 200 3310) is open up to 8pm weeknights and from 8am to 4pm on Saturdays and 9am to 5pm on Sundays so you could phone them over the weekend, if you wanted to.
Does anyone ever *want* to call HMRC?
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ATOMIC SUPLEX
Member Since: 1985 Post Count: 3
It used to be so easy to get through to them, even when it was busy, and they were always very helpful. . . . there are a couple of times when I could have justifiably been screwed by them, but they really cut me some slack.
I wonder what it is like now with all the lay offs. Thank god they were still fully manned when I started being self employed, and didn't know what the hell I was doing.
I wonder what it is like now with all the lay offs. Thank god they were still fully manned when I started being self employed, and didn't know what the hell I was doing.
DexterTCN
Troy and Abed in the morning
The cuts have been massive and are ongoing. I most likely won't have a job in 6 months. Better than being in the DWP though
wayward bob
i ate all your bees
have acquired my P45
<checks the employment box on the first screen>
next up username and password
<checks the employment box on the first screen>
next up username and password
billy_bob
Air of bewilderment model's own
ATOMIC SUPLEX
Member Since: 1985 Post Count: 3
I'm quite lucky. I probably could legitimately claim for a TV, soundbar, and a music subscription.
I don't though.
Plus, wouldn't that have to audit you to find out what you are claiming for? Tax returns are one figure in, one figure out. . . just keep your own records.
ATOMIC SUPLEX
Member Since: 1985 Post Count: 3
Not done it yet?
billy_bob
Air of bewilderment model's own
You can opt to itemise your expenses - they might at least spot an unusually high capital expenditure, even if they don't know what it's for without investigating.
nick
Pleomorphic Adenomas R us
It's all input but not yet submitted. Will sit on it until after the weekend before a last review and pressing the magic button. Gives me a chance to think of anything missed (either income or allowances).
Also delaying for solidarity with Mrs Nick who has got as far as obtaining her P60 but not actually logged on yet (and she is a CFO
)
Also delaying for solidarity with Mrs Nick who has got as far as obtaining her P60 but not actually logged on yet (and she is a CFO
)
Chilli.s
mingling jets and statuettes
Yeah... I know I said last week I'd do it on monday, well I didn't. But I have now logged on and got the figures (and the anxiety). Still a few days though.
Also, the fine is always for failing to submit, so even if you log on and say provisional figures or estimate then at least the £100 fine is avoided.
Also, the fine is always for failing to submit, so even if you log on and say provisional figures or estimate then at least the £100 fine is avoided.
Did it on Monday, it was really easy. I rung them up a couple of times, but you tell them what you want in one of those automatic voice recognition things and it tells you what to search for on the website, so I never actually had to speak to anyone. Unfortunately had to ring Student Loans and now they have my new address.
wayward bob
i ate all your bees
bumping for next week 
kid home with migraines and tax returns do. not. mix. chez bob...
<my dad would be sooooooo proud>
kid home with migraines and tax returns do. not. mix. chez bob...<my dad would be sooooooo proud>
equationgirl
Respect my existence or expect my resistance
Did mine at lunch time today, finally. I note they have changed the form again, which is annoying because it takes ages to work out where things should go.
Anyway, done for another year at least...
Anyway, done for another year at least...
RubyToogood
RubyTwobikes
All done
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