I have a Tax Debt , Help Please

tigtig

Hi

Well when you think everything is starting to sort it self out then bang another little problem comes speeding down the road to pants town!!!

Let me explain my story ........

In my last job I had a company car, great. but when I filled in my self assessment for my tax I did it wrong, (Yes I'm stupid) . Now I owe the Tax man £1386.

So I thought to myself right sort this out, I have written up my budget sheets for income and outgoings for the next 7 months and sent it all to the inland revenue. In my letter to them I asked if I could pay £175 a month starting on the 23rd Jan 2006, this is when my salary goes up and I have the disposable cash. I also said i would ideally like to £250 a month and probably will but didn't want to commit to that and find i could'nt stick to it

Has anyone had any experience with the inland revenue?

Have I done the right thing sending all that stuff of to them.

And can anyone give me any advice on what to do if they don't except my offer..

Thanks

Robert_Sterling_3

tigtig wrote:

Hi
In my last job I had a company car, great. but when I filled in my self assessment for my tax I did it wrong, (Yes I'm stupid) . Now I owe the Tax man £1386.

You are a tad harsh on yourself here.
You are not stupid.
At least you underpaid rather than overpaid!

Good luck with the Tax Inspector.

[Deleted User]

Instead of paying the debt by instalment, why don't you ask them to collect it through your PAYE. They will simply lower your tax code by adjusting your alowances.

ctm_2

tigtig wrote:

In my last job I had a company car, great. but when I filled in my self assessment for my tax I did it wrong, (Yes I'm stupid) . Now I owe the Tax man £1386.

What do you mean by 'did it wrong'? If you did it wrong, then write in and correct it.

Or was it that HMRC were not aware you had a company car, and so it wasn't in your tax code?