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Self Assessment- how do I...??
router_2
Posts: 3 Newbie
Hi,
Just filling in the SA form online and thought it would be straight-forward. However, I had a situation in Feb 2008 where I started a PAYE job and after a week realised the job wasn't for me as the employer hadn't quite told me the truth. I resigned and according to my contract I was paid a sum of money - equating to that months salary but viod of tax deductions. Now I am told that as long as it under £30,000 (which it is) and it's in my contract then I don't have to pay income tax on it (hence why the employer paid it gross as compensation). There is nowhere on the SA form to write this in and if I include this amount, the tax calculator says I owe the money. Is there anyone who might know what I can do to declare this as I don't want to leave it out and be caught out later. Just for the record I don't have the money to pay for it even if I did owe it.
thanks.
Just filling in the SA form online and thought it would be straight-forward. However, I had a situation in Feb 2008 where I started a PAYE job and after a week realised the job wasn't for me as the employer hadn't quite told me the truth. I resigned and according to my contract I was paid a sum of money - equating to that months salary but viod of tax deductions. Now I am told that as long as it under £30,000 (which it is) and it's in my contract then I don't have to pay income tax on it (hence why the employer paid it gross as compensation). There is nowhere on the SA form to write this in and if I include this amount, the tax calculator says I owe the money. Is there anyone who might know what I can do to declare this as I don't want to leave it out and be caught out later. Just for the record I don't have the money to pay for it even if I did owe it.
thanks.
0
Comments
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Ring up the self assessment people - they are friendly and helpful (they are not the ogres that they are made out to be) and explain it to them and they will help you complete your form.0
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