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Free tax advice available for those on a low income
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Hi,
I'm new on this site but have been reading through some forums.
The penalty notice will only be payable if there is tax to pay!! If they owe you a rebate, then the penalty notice will not be charged.
If tax is payable, the penalty will increase the longer you don't pay it for and the longer you don't do your return. They will then start adding interest and if you still don't pay and file a return, they can then send you out a final letter and charge you £60 PER DAY :eek: until you have paid and filed your return.
I'm sure that everyone agrees that we pay enough tax as it. Please don't give them a reason to charge you any more money!!0 -
Income is any thing recieved between 6 4 07 and 5 4 08.
so check bank statements etc
Old people live in a state of chaos; hence the joke:
Q. "Why are Stannah marketing a high speed stair lift?
A. "So the pensioner can remember why they got on at the bottom, when they arrive at the top."
I've found the statement of what the pensions department would pay on a weekly basis, but I've not got time to try and find the lost bank statements, filed in with the meals on wheels paperwork?:rolleyes: There must be an official answer to "Is 07/08 a 52 or 53 week year for state pension payments?"0 -
There's another deadline which caught me out. I didn't realise that if you failed to file the tax return on line before 31 December, they will not deduct anything owed through PAYE. As I am have a military pension that puts me into the 40% tax bracket I always have to pay extra. Can you please publicise this 3rd deadline as I've not seen it on any adverts.
This was my first time submitting on line, I won't get caught again and don't want others to!0 -
I did my self assessment online and discovered I need to pay £134. I used they link they provided to pay via https://www.billpayment.co.uk/hmrc/ - but two days later the payment's ended up back in my account.
I provided the correct tax reference number.
Anyone have any ideas why it would be bounced and who to contact in Revenue to find out what's happened? I don't want to get charged interest on a late payment.
thanks0 -
State Pensions - 52 times the weekly amount on the letter you get at the beginning of the tax year is an acceptable figure for the Tax Return.
Exclude any Attendance Allowance as it is not taxable.I am an Accountant. You should note that this site doesn't check my status as an Accountant.All posts on here are for information and discussion purposes only and should not be seen as professional advice.0 -
I registered as self employed in June 2008.
Do I need to submit my tax return by 31/1/09?
I was under the impression my due date would be July 2009.
I haven't been sent any forms saying I need to, so I just wondered.
Thanks.0 -
31/1/09 is the last deadline for the 07/08 tax year.
The tax year starts on 06apr and runs to 05apr the next year.
It used to be 25th of March (the day the Angel Gabriel let Mary know the good news about next Christmas) "Lady Day"
http://en.wikipedia.org/wiki/Annunciation
But when the calendar was reformed, there was no way that the tax man was going to let anyone off a few day's tax:D
So if you play your cards right and register for the on line system, when the computer gets in touch with you - you will have almost another year to save up for the tax. But beware, when the time comes (assuming you are making a profit) you will not only have to pay for the old year but pay on account for the current year that has not even ended yet.
Presumably you are already paying the modest class two "weekly" payment?
http://www.hmrc.gov.uk/faqs/nicqse.htm0 -
There's another deadline which caught me out. I didn't realise that if you failed to file the tax return on line before 31 December, they will not deduct anything owed through PAYE. As I am have a military pension that puts me into the 40% tax bracket I always have to pay extra. Can you please publicise this 3rd deadline as I've not seen it on any adverts.
This was my first time submitting on line, I won't get caught again and don't want others to!
I actually prefer to get "caught", once they start bringing forward sums onto the notice of coding it plays havoc with my direct debits and standing orders etc.
Let alone my ability to understand where I am tax wise.State Pensions - 52 times the weekly amount on the letter you get at the beginning of the tax year is an acceptable figure for the Tax Return.
Exclude any Attendance Allowance as it is not taxable.
Lucky old pensioners, another bonus of a tax free week every 5 years or so:D0 -
I've posted this elsewhere but re post here as I'm looking for a reply urgently and my other thread may get missed.
"
OK I've left things late. Started with the Self Assessment online in Jan 2009.
Went to log in/register online to do the SA. OK so far but they then tell me they will send the Activation PIN by post.
Unfortunately I'm now overseas and no one is able to pick up my PIN and forward it to me.
I phone their Customer Service number and was passed round all the houses spending over an hour on the phone trying to get an answer. No email of course.
Finally told that if I change my house address to that of my address overseas and then request another Activation PIN then another will be posted to my overseas address.
Fine, thanks.
But although post generally takes less then a week to arrive here from UK it's now nearly 3 weeks and no Activation PIN.
They've said they won't or can't give me the PIN by phone as they have no way of knowing what it is.
I think I've blown it.
But can anyone offer me any advice on how to get the PIN or what my best course of action is.
Thanks."No reliance should be placed on the above.0 -
I need to do a self-assessment for the first time but have rung my local tax office and my employers tax office and they have been unable to get my UTR- as i'm an employed person who has never had to do a tax return before.I have been told i need to do this now as i purchased a second property as a buy-to-let investment in Oct 2007 and need to show the loss against my income to carry over to the next year .I tried the self assesment help line and they could'nt help either.I have done everything right - registerred with gateway over 2 weeks ago and still have not received my activation code...
Where can i go now to get help to get to get it all sorted...i'm worried that i will face a penalty just because i can't get the info needed...HELP!!!:huh:
Just had some good news - i finally got through to someone who can help newbies like me.She has advised that because i've never done this before a UTR does not exist for me-and because i'm still in employment but if i write to my employers tax office with my full details they will create one for me .Then i will have 3 months to complete my self assessment form-a relief as i thought i would automatically receive the £100 fine!!0
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