Is there a clever person who can double check the online S/A?

chivers1977

From P60
Employed income 27391.88
Tax paid 4614.64

From P11D
Health insurance cash equivalent £249

From self employment
Gross £169
expenses 59.98

for reference I pay childcare through salary so assume salary on P60 is reduced by that as is tax paid?

SA says I owe £75? Can this be right? thanks

BoGoF

What tax code is on your P60 - chances are the medical benefit in your tax code was less than the actual amount per P11D and you have underpaid tax on your PAYE as the tax alone on your self empployed profit would only be £24 ish.

In fact looks like your medical benefit wassn't included in your tax code at all and a further £249 @ 22% is due on this

chivers1977

tax code 519L

thanks for answering

BoGoF

The 'normal' code for 2007-08 was 522L so if yours was 519L then only a restriction of £30 appears to have been made for your medical benefit (probably based on the previous years figures) so part of the £75 underpayment relates to the fact your actual medical benefit was greater than that in your code

chivers1977

thank you for letting me know

chriiiiiiiis

To avoid this happening next year, check your current year tax code shows the correct deduction for medical benefit.