Another year another tax bill

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Another year another tax bill
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tahir

Joined: 28 Oct 2004
Posts: 45669
Location: Essex

Posted: Thu Jan 20, 05 1:14 pm Post subject:
Thanks

sean
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 42219
Location: North Devon

Posted: Thu Jan 20, 05 1:15 pm Post subject:
Salright, I haven't earned anything in the last year.

alison
Downsizer Moderator

Joined: 29 Oct 2004
Posts: 12918
Location: North Devon

Posted: Thu Jan 20, 05 2:21 pm Post subject:
I have just come back from the accountants now. Just the final figures to get done and we are done. Thank goodness for that.!!

High Green Farm

Joined: 30 Nov 2004
Posts: 349
Location: Mid-Suffolk

Posted: Thu Jan 20, 05 2:28 pm Post subject:

mrutty wrote:

There is a major difference between a certified accountant and a chartered accountant by the way. Biggest issue is that certified once can't sign passports

hmmm interesting. I am certified, and I have been signing them for years....never any comeback.

Guest

Posted: Thu Jan 20, 05 5:13 pm Post subject:
I can sign passports!

Fullup

Joined: 09 Dec 2004
Posts: 183
Location: Under water

Posted: Mon Jan 31, 05 1:19 pm Post subject:
Phew! Just finished our tax returns. The bloomin I.R. web site has been playing up all weekend, it's taken ages to get the returns accepted with the online service. All done for another year. We can get on with catching up with all the things we've put to one side now.

Gervase

Joined: 17 Nov 2004
Posts: 8655

Posted: Mon Jan 31, 05 4:41 pm Post subject:
Did ours last week, and for the first time ever gave thanks for slf-assessment, even though we earn peanuts these days. Fingers crossed, but I've clawed back over a grand for t'other half, and wiped out my arrears completely. Shame the interest only works in one direction, though

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Mon Jan 31, 05 8:34 pm Post subject:
Self Assessment- Tax doesn't have to be taxing When tax is causing you problems, you know you're earning too much

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Mon Jan 31, 05 9:44 pm Post subject:

Rob R wrote:

When tax is causing you problems, you know you're earning too much

Not quite, if you work for only a few months out of a year you end up paying too much tax. I filed my return last July I think, amazing how quick you can get it in when you are owed money.

Agree Gervase, if only the IR paid interest.

Fullup

Joined: 09 Dec 2004
Posts: 183
Location: Under water

Posted: Mon Jan 31, 05 10:02 pm Post subject:

Gervase wrote:

Did ours last week, and for the first time ever gave thanks for slf-assessment, even though we earn peanuts these days. Fingers crossed, but I've clawed back over a grand for t'other half, and wiped out my arrears completely. Shame the interest only works in one direction, though

I managed to get 6pence interest from them for the 2002/03 year.

Still not sure what I should spend it on..

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Mon Jan 31, 05 10:05 pm Post subject:

Fullup wrote:

I managed to get 6pence interest from them for the 2002/03 year.

Still not sure what I should spend it on..

Was it taxable.

mrutty

Joined: 28 Oct 2004
Posts: 1578

Posted: Mon Jan 31, 05 10:06 pm Post subject:

High Green Farm wrote:

mrutty wrote:

There is a major difference between a certified accountant and a chartered accountant by the way. Biggest issue is that certified once can't sign passports

hmmm interesting. I am certified, and I have been signing them for years....never any comeback.

Run for the hills and hide

Lloyd

Joined: 24 Jan 2005
Posts: 2699

Posted: Mon Jan 31, 05 10:17 pm Post subject:
Tahir, your snowman is melting.

Fullup

Joined: 09 Dec 2004
Posts: 183
Location: Under water

Posted: Mon Jan 31, 05 10:23 pm Post subject:

Treacodactyl wrote:

Fullup wrote:

I managed to get 6pence interest from them for the 2002/03 year.

Still not sure what I should spend it on..

Was it taxable.

I hope not

just watch me get a fine for not paying it

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Mon Jan 31, 05 10:50 pm Post subject:

Treacodactyl wrote:

Rob R wrote:

When tax is causing you problems, you know you're earning too much

Hardly causes you problems, financially, though, when you are owed

That's always a good feeling. Shame you can't just opt out, when you're filling in all the forms & you know it's only going to be to get a few quid back- I'd let them have it to avoid the paper trail- doesn't quite work like that though

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