wemakeyousoundb
hopefully not gimboid
that is fair tax avoidanceFor example, if they are small and I opt to just use the £1000 allowance instead of totting up the actual value, because they are likely to come to less than that.
that is fair tax avoidanceFor example, if they are small and I opt to just use the £1000 allowance instead of totting up the actual value, because they are likely to come to less than that.
Best check with the tax man. You may well not need to, but if the computer sends you a "Notice to deliver a tax return", best fill it in and file it. Whether or not you really need to will depend on your new circumstances. Anyone with a tax liability needs to fill in a tax return regardless of whether HMRC ask for one.Done mine - and I think they owe me money this time. Covers my final period of self employment so end of an era, and I can finally cancel FreeAgent. So next year, can I just ignore it? Or are you trapped in the annual system now regardless?
Done mine - and I think they owe me money this time. Covers my final period of self employment so end of an era, and I can finally cancel FreeAgent. So next year, can I just ignore it? Or are you trapped in the annual system now regardless?
Another top tip for avoiding tax is to hopelessly fail to make very much money most yearsthat is fair tax avoidance
Done mine - and I think they owe me money this time. Covers my final period of self employment so end of an era, and I can finally cancel FreeAgent. So next year, can I just ignore it? Or are you trapped in the annual system now regardless?
well, I did very well at this until year, paid my £41XX bill in full last week and now only owe £13xx payment on account for July. guess I can't complain really.Another top tip for avoiding tax is to hopelessly fail to make very much money most years
7 hours earlier than you really needed to.I've just finishing flicking Vs at the screen as I sent my arsing tax return off into the ether.
Well ahead of the game this year, although I spent about 500 hours in mental turmoil at the prospect of starting the thing, and completed it in less than 6 hours.7 hours earlier than you really needed to.
I started drinking before filing the return, it makes it so much easier.Well ahead of the game this year, although I spent about 500 hours in mental turmoil at the prospect of starting the thing, and completed it in less than 6 hours.
Beer rewards tonight, methinks.
Did you make sure to fill in the 'trading ceased' bit? Apart from that, like everyone says, if you get a notice to file, you must file.Done mine - and I think they owe me money this time. Covers my final period of self employment so end of an era, and I can finally cancel FreeAgent. So next year, can I just ignore it? Or are you trapped in the annual system now regardless?
It smacks a bit of "let's announce this and if too many people complain change our minds quickly" but hey ho.Some good news ?
HMRC drops decision to close self-assessment helpline
The move comes less than a day after it said the self-assessment helpline would shut for six months.www.bbc.co.uk
HMRC actually being sensible [-ish] for once, although they do say they want everything / everybody filing on-line "sometime" in the future ...
HMRC are badly under-resourced. I get the impression that (most) people working there are doing their best, but the system is focked.
I reckon it was announced to force the beancounters hands to scrap the decisionIt smacks a bit of "let's announce this and if too many people complain change our minds quickly" but hey ho.
HMRC are badly under-resourced. I get the impression that (most) people working there are doing their best, but the system is focked.
My first ever full time job as a 16 year old in the late 80s was working in the local tax office (endlessly filing documents and opening the post in a special bomb proof room as the most disposable member of staff). There must have been 50 staff in that building in just one town and the counter was rammed all day every day. None of this exists any more, you're lucky if you get a visit from a mobile enquiries van or something. Obviously things have changed enormously since then but the fact you can't easily contact this basic arm of the state within your community seems a big loss to me.Elpenor - yeah, I think that as well.
Just wish that there had been enough whinging for them to have kept at least some of the public facing offices open ...
Trouble with on-line / automated stuff is that not everybody fits into neat pigeonholes !
Not to mention the ND and others that just can't cope with 'puters.
Jesus, where they going to close the self assessment helpline? That would be horrific. I've three times been in a sticky situation through no fault of my own, that I would have had zero way of knowing how to get out of. . . . even the HMRC had to look it up. The helpline was still a ball ache, but we got through it. They also explained to me that I would be not be covered if I did not follow their instructions to the letter.Some good news ?
HMRC drops decision to close self-assessment helpline
The move comes less than a day after it said the self-assessment helpline would shut for six months.www.bbc.co.uk
HMRC actually being sensible [-ish] for once, although they do say they want everything / everybody filing on-line "sometime" in the future ...
So I thought I would get a jumpstart on filling in this year's self assessment.
I was unemployed for all but two weeks of 2023. But for six months I kept afloat (barely) financially through claiming on my personal unemployment insurance policy.
I'm not sure if I have to declare that income, I've checked the HMRC guidance and it says to declare if there are 'payments from a personal insurance policy for sickness (no) or disability (no)'. Nothing about unemployment insurance.
Any thoughts, anybody?
Thanks, that's helpful. I appreciate the reply.There is a difference between what must be declared and what is taxable; sickness and unemployment insurance payouts from policies paid for with taxed income definitely aren’t taxable. So it shouldn’t make any odds for you to declare it.