Urban75 Home About Offline BrixtonBuzz Contact

Tax return blues - would a bit of solidarity help?

In an interesting twist, on Friday I received a letter from them saying that I wouldn't have to do self-assessment in future. If I want to re-activate my self-assessment status at any point I have to provide either a P60, a recent payslip, or a passport. None of which I have - so if I earn any money next year that I need to declare and if I am not on PAYE (which I don't expect to be) then I need to provide documents that I don't have?

Maybe I have misunderstood the letter, but it's a bit worrying - I have been in an ID black hole for years now and have trouble getting "regular" employment, do I now need to try to sort out ID to get a passport so I can re-register as self employed if I earn anything in the coming year?

I wish they didn't overcomplicate things so much.
 
Epona said:
In an interesting twist, on Friday I received a letter from them saying that I wouldn't have to do self-assessment in future. If I want to re-activate my self-assessment status at any point I have to provide either a P60, a recent payslip, or a passport. None of which I have - so if I earn any money next year that I need to declare and if I am not on PAYE (which I don't expect to be) then I need to provide documents that I don't have?

Maybe I have misunderstood the letter, but it's a bit worrying - I have been in an ID black hole for years now and have trouble getting "regular" employment, do I now need to try to sort out ID to get a passport so I can re-register as self employed if I earn anything in the coming year?

I wish they didn't overcomplicate things so much.
Click to expand...

You can get a P60 from the HMRC site if you've already got an account.
 
SpookyFrank said:
You can get a P60 from the HMRC site if you've already got an account.
Click to expand...

Oh ok, cool - I've only ever previously had one at the end of a tax year where I've been earning on PAYE and it kind of happened automatically that it was sent to me!
 
equationgirl said:
Mine is done. No tax to pay, surprisingly.
Click to expand...
This was a lie.

I had to log back in to my tax account for another reason and the system said I owed £53.53, and the payment was overdue. So the 53p was one day's interest.

I am feeling pretty annoyed as my redundancy payment was put through as taxable income instead of non taxable, resulting in an eyewatering overpayment which I now have the pleasure of sorting out. Epic fail.

So am feeling pretty ripped off by the taxman wanting yet more money from me.
 
Oh FFS. Trying to be organised this year and get it done (plus they are trying to get me to pay way more upfront then I owe)

I also do PAYE work and normally it's prefilled in for me. And it's not. I think I have 4 employers in the last tax year so it's a right faff to find all that data
 
UnderAnOpenSky said:
Oh FFS. Trying to be organised this year and get it done (plus they are trying to get me to pay way more upfront then I owe)

I also do PAYE work and normally it's prefilled in for me. And it's not. I think I have 4 employers in the last tax year so it's a right faff to find all that data
Click to expand...
It could be that your employers haven't file their final EPS's for the year yet so HMRC won't know for certain what your employment income and tax deducted should be.

The employers should file the final EPS's by 19th April 2022.
 
Leafster said:
It could be that your employers haven't file their final EPS's for the year yet so HMRC won't know for certain what your employment income and tax deducted should be.

The employers should file the final EPS's by 19th April 2022.
Click to expand...

Oh. That would be good. I'm trying to speak to them to find out (and tell them I don't owe them that much).

25 mins and I've not spoke to anyone yet!
 
I’d suggest you wait until perhaps the beginning of May as Leafster says.

I’ve already had employees pestering me for P60s!
 
21/22 will be my first year with both PAYE and self employed income, not looking forward to next Jan one bit.

I really want to switch my accountancy website from this financial year. I use freeagent, and I screwed it up somewhere along the line, so none of the balances are right. It's fine for doing my invoices and expenditure but none of the other figures are right. And it costs too much per month. But switching seems so hard, because all my records are in freeagent if I was to get investigated or something. Feels like I am trapped.
 
Oh FFS. So your right. Just wait a bit. 45 mins to be told this. Except the 800 quid I actually owe them. It was put on the last tax bill after I submitted and paid it It was already way higher then I expected due to an employer not taking enough of me, but turns out they still hadn't taken enough.
 
friendofdorothy said:
Does anyone actually do their tax return now - right at the start of the tax year?
Click to expand...
yes....but I'm a NON DOM ;) non-resident as well. I have a couple of hundred quid to declare in the UK, but more importantly, I need to declare zero UK days showing another year of tax exile....only one more to go until CGT on the sale of my flat disappears. One rule for us ;)
 
friendofdorothy said:
Does anyone actually do their tax return now - right at the start of the tax year?
Click to expand...

I just helped the OH do her self-assessment. I've never done it myself as I've always been PAYE but it took about 45 minutes using the HMRC website. It didn't feel all that stressful.

Total up the income made, total up the expenses. Bung the figures into the website and they tell you how much tax you owe (if any). Am I missing something?
 
lazythursday said:
21/22 will be my first year with both PAYE and self employed income, not looking forward to next Jan one bit.

I really want to switch my accountancy website from this financial year. I use freeagent, and I screwed it up somewhere along the line, so none of the balances are right. It's fine for doing my invoices and expenditure but none of the other figures are right. And it costs too much per month. But switching seems so hard, because all my records are in freeagent if I was to get investigated or something. Feels like I am trapped.
Click to expand...
You should be able to get Freeagent cheaper through an accountant or bookkeeper if you can find one prepared to pass on the discount they get. As for the incorrect balances, as long as you haven't been putting manual entries through the bank account (assuming bank feed) it's a matter of checking the 'explanation' you gave for each transaction.
 
AnnaKarpik said:
You should be able to get Freeagent cheaper through an accountant or bookkeeper if you can find one prepared to pass on the discount they get. As for the incorrect balances, as long as you haven't been putting manual entries through the bank account (assuming bank feed) it's a matter of checking the 'explanation' you gave for each transaction.
Click to expand...
It's complicated, over the years some of it has been bank feeds and some manual entry, because for a while my bank feed failed. The problem dates back to the days when I used my personal account for business and freeagent never seemed to cope with that well. Anyway it's far too much of a tangled mess to fix now, I just need to start afresh.
 
oh shit. I nearly forgot all about it - somehow had dissapeared from my everyday consciousness. must put it back on my mental to-do-list
 
I quite enjoy the blind panic leaving it till mid January and the highs of getting it completed and in 🤣

I went digital at the start of the tax year and have to say having everything on one app rather than making invoices and excel documents is amazing! I'm loving it....greatly simplifies things.
 
magneze said:
Seems to be only related to businesses?
Click to expand...
Are not all self assessment returns for businesses?
Just that for freelance the business is you, and what you deliver.
I'm pretty sure I have to put my business name down (which is says can just be your own name). I also have state what my 'business' is.
 
You must log in or register to reply here.

Similar threads

A
HMRC letter says I owe £6k+ tax
2
Replies
37
Views
2K
MrSki
MrSki
polly
Would you tell your senior management that you were applying for a job?
2 3
Replies
86
Views
3K
polly
polly
ruffneck23
Universal credit and tax rebates
Replies
0
Views
496
ruffneck23
ruffneck23
UnderOpenSky
Interview Help (NHS)
2 3
Replies
68
Views
2K
Puddy_Tat
Puddy_Tat
telbert
Help with an employment contract please
Replies
8
Views
443
cesare
cesare
Back
Top Bottom