General Chat

Top tip - using the Genes Reunited community

Welcome to the Genes Reunited community boards!

  • The Genes Reunited community is made up of millions of people with similar interests. Discover your family history and make life long friends along the way.
  • You will find a close knit but welcoming group of keen genealogists all prepared to offer advice and help to new members.
  • And it's not all serious business. The boards are often a place to relax and be entertained by all kinds of subjects.
  • The Genes community will go out of their way to help you, so don’t be shy about asking for help.

Quick Search

Single word search

Icons

  • New posts
  • No new posts
  • Thread closed
  • Stickied, new posts
  • Stickied, no new posts

self assesment forms......

ProfilePosted byOptionsPost Date

Lisa

Lisa Report 9 Dec 2004 15:22

anyone had them .we have for the past two years due to my husband being a higher earner.last year he had to fill one out and done ot wrong .sent it back and was asked by the tax office to stump up thirteen hundred pounds which he knew was never right.after being asked to fill out another one when he complained only turned out he owed one hundred and twenty pounds.this year is the same they asked for just over four hundred pounds back and we only owe one hundred pounds.all i can say if you feel it is wrong always query it as you might be paying back too muchxxxx(:

Saz

Saz Report 9 Dec 2004 15:30

Definitely worth doing it online - you can do the calculation and know if it's right before you "finish" - gives you a chance to make sure you've claimed everything. Saz

Lisa

Lisa Report 9 Dec 2004 15:35

my husband heard about that.this was his last form but if it happens again will try that.all i can say if you feel it is wrong question it as the tax office will notxxx(:

Anna

Anna Report 9 Dec 2004 15:37

For the last few years,my other half has had to do them,even though hes not self employed,which is the reason i though you had to fill them in yourself. He always leaves them til the last couple of days in Jan,then gets me to fill them in for him,until last year,when he did it online,he said its so much easier that way.Every year,they end up owing him around £500 so its nice to get that back every couple of years Anna :-)

Ramblin Rose

Ramblin Rose Report 9 Dec 2004 15:38

I HAD ENDLESS TROUBLE from the IR with these forms and eventually I sent the whole lot to my MP who get it all sorted for me.Had no trouble since-Rose

Lisa

Lisa Report 9 Dec 2004 15:40

my husband isn't self employed so it makes me wonder why they do this.at the end of the day they will not argue about how much they think you owe so it's down to the individual.when you owe them money they are on your back but when it's the other way round it takes a while to get itxxxxx(:

Saz

Saz Report 9 Dec 2004 15:42

The Tax Office just accepts what you put, sometimes even if it's obviously wrong. They have been known to make the odd mistake themselves aswell!! It's not til you get the bill and need to lie down that you realise you missed out a tick, or they added an extra nought. Fingers crossed next time you might get a refund. I'd love one even just a little one, but it never happens. Shame. Saz

Lisa

Lisa Report 9 Dec 2004 15:43

maybe they need more moneyxxxx(:

Unknown

Unknown Report 9 Dec 2004 15:48

My husband has to do the self assessment forms as well, and we can never understand how they can check the forms, agree that they're correct, get your pay office to deduct the tax ........ and then discover that you owe them more money! They also told him that he won't have to do them any more, but gave a big threat about not informing them if his circumstances change! I always thought that it was self-employed only that had these forms, but I think now it is if you're in the higher tax bracket. Mandy :)

PinkDiana

PinkDiana Report 9 Dec 2004 15:50

Hubby does one and every year he gets it wrong.... this year he got a letter saying a rebate is on it's way to you, he rang them and said please don't as you'll only take it away again once I have spent it.... they replied... lets go thru the form and double check... all the checking was done and it turned out he was owed... half the original figure... SO THIS YEAR WE LIKE THE TAX MAN!! :O)

Lily

Lily Report 9 Dec 2004 17:06

As a newly retired Tax Adviser, can I pass on some advice: Not self-employed? The most important bit of paper that comes through your door is the Notice of Coding - the 2005/06 ones will be sent out in next two months. CHECK IT -the tax deducted under PAYE depends on your code no. being right. CHALLENGE IT immediately if you think it's wrong. At 5 Apr, take your gross pay for year, off March payslip, add all other income (inc int on savings - gross) and deduct the personal allowance (free pay) you are entitled to (depends on age) and the balance left is taxable on the relevant 20 - 40% bands. Details are sent with coding. Calculate the tax due, calculate tax paid under PAYE plus tax deducted at source from other income and compare the two - have you paid too much?CLAIM ASAP I haven't mentioned dividends because they are a bit more complex for high earners.......... Self-employed? If you haven't got an accountant, keep meticulous records and invoices/receipts, so that you can challenge any calcs made by the rev and make payments 31 Jan and 31 July due, ON TIME, penalties are swingeing. This is a very broad overview but anyone with complicated affairs will have their own advisers......... £100 fine for late submission of tax return and, if the rev have sent you a form, you have to complete it unless you have agreed with the rev that it has been sent in error. Self Assessment means what it says - the taxpayer assesses his/her liability and pays what he/she thinks is due ON TIME! If you leave everything to the last few days of Jan remember, make a payment on 31 Jan, if one is due, even if it's wrong - who wants to pay interest on top of what's owed? Good Luck all of you!

Lily

Lily Report 9 Dec 2004 17:11

Haven't mentioned taxable Benefits (which are also treated as 'income') - these will be shown on P11D which your employers will give you by June - check this form and take it up with them if you think it is wrong. A copy has gone to rev!

Unknown

Unknown Report 9 Dec 2004 17:13

husband always does ours and I always get my rebate before he gets his tee hee. Usually quite prompt. nell

Lily

Lily Report 10 Dec 2004 08:13

Nudge in case info is of any help to anyone. If you are a non taxpayer, don't forget to ask for a form from bank/bldg soc to claim for interest received on savings to be paid gross (without tax deducted).

Claire in Lincs

Claire in Lincs Report 10 Dec 2004 21:35

Our accountant does ours,,,,thankfully

An Olde Crone

An Olde Crone Report 10 Dec 2004 21:55

I am a very LOW earner, but because I am partly self-employed and partly employed, I always have to fill in a Self Assessment Form. Last year I was not sure of what I was suppoosed to enter in a particular box, so made an entry with a note attached saying If you mean blah its blah, but if you mean blah then its blah. I claimed a rebate but they paid me DOUBLE the amount I had claimed. I phoned to query this and got a very sniffy woman who gave me a good telling off, saying I had put a "False" figure in box 93 or whatever. I pointed out that I had written a note in the margin, she said "We do not check every form, you know" - so how come she knew I had put a false figure in?! As for doing it on-line - it costs £25! Why should I have to pay, to pay them! Incidentally, one of my part-time self-employments is filling in Self Assessment Forms for people - I am a qualified Accounting Technician!!!! (So don't use ME, then!)