Hi I'm new and want to be debt free!

isy1011

They clearly want you to take for ever to pay it off and pay them lots of interest along the way. Pay that one off first out of principle!:rotfl:

themull1

i can't see where you have put your self employment contributions on your soa?

Fruit_Gum

Primrose2004 wrote: »

Ok well in that case you don't need to pay the tax until January 2012 so that's even better for you.

and if he was sub-contracting in 09/10 and has had tax deducted at source he may well get a refund. The reason being that CIS is deducted at a set rate and doesn't take into account his personal allowance or any other expenses that he can deduct, eg telephone, motor, travel etc etc, so a lot of sub-contractors actually get reufnds every year.

Has he filed his 2009-10 tax return yet? If not i'd get it into the accountant asap

Thanks Primrose, he has claimed his personal allowances, phone, work clothes, tools etc. I will speak to him re accountant and 09/10 tax. Thanks so much for the info.

Fruit_Gum

isy1011 wrote: »

They clearly want you to take for ever to pay it off and pay them lots of interest along the way. Pay that one off first out of principle!:rotfl:

Yep! :rotfl: I am hoping to get it down as much as poss till the 0% runs out then I'll be transferring!

Fruit_Gum

themull1 wrote: »

i can't see where you have put your self employment contributions on your soa?

Hi, do you mean his NI contributions? I forgot to put it on the SOA I think the bill comes quarterly and it is £31.20.