Tax - self assesment

wb · 28-01-2011, 05:23:54 PM

This might sound an obvious question, but do you actually owe more tax on this return than you have paid on account already?

disruptive · 28-01-2011, 05:28:39 PM

Quote:

Originally Posted by wb

This might sound an obvious question, but do you actually owe more tax on this return than you have paid on account already?

Yes because they want TAX prepaid for 2010-2011, as well as for 2009-2010. And the computed TAX for 2009-10 > than that paid. I'm really baffled by this system.

mat · 28-01-2011, 05:47:14 PM

I dont pay online so it may be different. I go down the local post office with my debit card and do it.

For me the total amount you owe is calculated at the very last stage and you then have options to print it off in pdf format etc.

I then simply takeaway what is allready in my "tax bank" from the total I owe and pay it.

golddiggerguy · 28-01-2011, 05:49:18 PM

Pay a good account.

deliajen · 28-01-2011, 05:52:11 PM

Quote:

Originally Posted by wb

They were lying when they said "tax doesn't have to be taxing"

did anybody remember on working lunch (when adrian chiles was a presenter) they had the minister and the shadow minister complete the paper tax return live on TV and they both got the return wrong.....dohhh your right tax doesn't have to be taxing.....but it is....

max99x · 29-01-2011, 02:29:02 PM

was always a struggle and complicated to do especially when it came to being VAT registered as well, paying a decent accountant saves lot of time and would recommend it to anyone, they often save you more than you pay them!! which is the case for me!

grantw · 29-01-2011, 03:00:39 PM

It took 5 days to actually show the amount I needed to pay. The system is sh*te - one sentence explaining that there will be a delay in the figures showing would probably save them answering 1000's of calls a year.

Grant

disruptive · 29-01-2011, 04:18:41 PM

Quote:

Originally Posted by grantw

It took 5 days to actually show the amount I needed to pay. The system is sh*te - one sentence explaining that there will be a delay in the figures showing would probably save them answering 1000's of calls a year.

Grant

agreed. Its ridiculous. In the end I called them to check the totals and paid. But it still shows that I owe zero. I bet the ba*tards would fine me if they didn't get their money.

mat · 29-01-2011, 04:29:21 PM

Shouldnt leave it so late then

TinkyWinky · 29-01-2011, 04:50:50 PM

For the �140 or so an "out of london" accountant will probably charge for relatively straight-forward returns (upto aromnd �300 for a more complex one) - assess whether this is really worth the hassle...

Seriously if you spend 6 hours sorting it all out and you think your time is worth �50 an hour - then you effectively are losing �300.... not too mention if you get it wrong and then get a fine!!!

Just a thought.
TW

28-01-2011, 05:47:14 PM	#13 (permalink)
mat Join Date: Apr 2007 Location: Hampshire Posts: 3,328 No Classified Ratings Domain Trader Rating: (100% / 40)	I dont pay online so it may be different. I go down the local post office with my debit card and do it. For me the total amount you owe is calculated at the very last stage and you then have options to print it off in pdf format etc. I then simply takeaway what is allready in my "tax bank" from the total I owe and pay it. __________________ Mathew.co.uk - Follow me on Twitter here

29-01-2011, 02:29:02 PM	#16 (permalink)
max99x Join Date: Apr 2006 Posts: 758 No Classified Ratings Domain Trader Rating: (94% / 14)	was always a struggle and complicated to do especially when it came to being VAT registered as well, paying a decent accountant saves lot of time and would recommend it to anyone, they often save you more than you pay them!! which is the case for me! __________________ OnlineClick.co.uk - email me max @ the address to the left of this

29-01-2011, 03:00:39 PM	#17 (permalink)
grantw Join Date: Mar 2005 Posts: 3,624 No Classified Ratings Domain Trader Rating: (100% / 56)	It took 5 days to actually show the amount I needed to pay. The system is sh*te - one sentence explaining that there will be a delay in the figures showing would probably save them answering 1000's of calls a year. Grant __________________ Domain Brokerage :: Bulk UK Whois :: Property Insurance

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

28-01-2011, 05:23:54 PM	#11 (permalink)
wb Join Date: Mar 2009 Posts: 1,922 No Classified Ratings Domain Trader Rating: (100% / 29)	This might sound an obvious question, but do you actually owe more tax on this return than you have paid on account already?

28-01-2011, 05:49:18 PM	#14 (permalink)
golddiggerguy Join Date: Apr 2007 Location: Hullywood Posts: 3,406 No Classified Ratings Domain Trader Rating: (100% / 59)	Pay a good account.

29-01-2011, 04:29:21 PM	#19 (permalink)
mat Join Date: Apr 2007 Location: Hampshire Posts: 3,328 No Classified Ratings Domain Trader Rating: (100% / 40)	Shouldnt leave it so late then

29-01-2011, 04:50:50 PM	#20 (permalink)
TinkyWinky Join Date: Mar 2006 Posts: 643 No Classified Ratings Domain Trader Rating: (100% / 28)	For the �140 or so an "out of london" accountant will probably charge for relatively straight-forward returns (upto aromnd �300 for a more complex one) - assess whether this is really worth the hassle... Seriously if you spend 6 hours sorting it all out and you think your time is worth �50 an hour - then you effectively are losing �300.... not too mention if you get it wrong and then get a fine!!! Just a thought. TW