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New Tax Year: has anyone received one of these 'red' laflets?
bubbleoflife_2
Posts: 121 Forumite
I have already received request to complete tax return for tax year 6 April 2011 to 5 April 2012. BUT there was also an enclosed leaflet, in RED :eek: , that reads 'SHOULD I BE IN SELF ASSESSMENT?' It goes on saying that 'If you answer 'yes' to any of the following questions then you will have to complete a tax return for the tax year 6 April 2011 to 5 April 2012' and here are the questions being asked:
' Where you self employed or a partner in a business at any time in the year?'
Yes, I have been self-emplyed (Sole-Trader) for almost 10 years now and have been filing self-assessment for over 5, can't quite recall when it all started; it was offered to me, the paperless self-assessment method. At the beginning, for a couple of years I think it was, I filed paper tax forms.
'Where you a company director?'
no
'Did you receive income over £100,000'?
no.... I wish!
'Did you receive more than £10,000 in savings and investment income?
no....here's another wish!:D
'Did you receive more than £2,500 in untaxed income?'
no
'Did you receive income from letting out property'?
no
'Did you receive foreigh income liable to UK tax'?
no
'Are you an employee claiming expenses or professional subscriptions of £2,500 or more?'
no
Isn't Self-Assessment the same as filing tax returns but NOT on paper?
Has anyone received one of these leaflet?
What does this mean? What's going to happen?
' Where you self employed or a partner in a business at any time in the year?'
Yes, I have been self-emplyed (Sole-Trader) for almost 10 years now and have been filing self-assessment for over 5, can't quite recall when it all started; it was offered to me, the paperless self-assessment method. At the beginning, for a couple of years I think it was, I filed paper tax forms.
'Where you a company director?'
no
'Did you receive income over £100,000'?
no.... I wish!
'Did you receive more than £10,000 in savings and investment income?
no....here's another wish!:D
'Did you receive more than £2,500 in untaxed income?'
no
'Did you receive income from letting out property'?
no
'Did you receive foreigh income liable to UK tax'?
no
'Are you an employee claiming expenses or professional subscriptions of £2,500 or more?'
no
Isn't Self-Assessment the same as filing tax returns but NOT on paper?
Has anyone received one of these leaflet?
What does this mean? What's going to happen?
0
Comments
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bubbleoflife wrote: »Isn't Self-Assessment the same as filing tax returns but NOT on paper?
Self Assessment can be done online or on paper. SA and tax return are basically the same thing.Has anyone received one of these leaflet?
Yes I have as has my Dad.What does this mean? What's going to happen?
It simply means that if your tax affiars are simple, you do not need to complete a tax return. If you want not to complete a tax return then phone, if you want to still complete a tax return then complete one.0 -
I've had one. It appears they have missed off a very important question which is - Are you over 65 & in receipt of the extra personal allowance and have a gross income of over £24000. A big one to miss as it is one that has led to a lot of underpayments since this personal allowance started. They have also missed the question - Does your taxable state pension exceed your personal allowance and are your other sources of income not sufficient to pay the required tax!0
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Essentially the Self Assessment system has gotten so big that it is becoming very expensive to administer it. This is one of the reasons most people now get a 'Notice to File' letter and not an actual paper form, and why HMRC spend so much money in advertising promoting the Online Services.bubbleoflife wrote: »
What does this mean? What's going to happen?
The intention is to remove those who do not meet the basic criteria, and who do not want to complete a Tax Return from the system.
According to the 'powers that be', these questions were not 'missed off', it was intentional not to include them on the leaflet as they anticipated that the majority that met this criteria would phone up anyway to ask why this meant they had to continue filling in the return.I've had one. It appears they have missed off a very important question which is - Are you over 65 & in receipt of the extra personal allowance and have a gross income of over £24000. A big one to miss as it is one that has led to a lot of underpayments since this personal allowance started. They have also missed the question - Does your taxable state pension exceed your personal allowance and are your other sources of income not sufficient to pay the required tax![SIZE=-1]To equate judgement and wisdom with occupation is at best . . . insulting.
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According to the 'powers that be', these questions were not 'missed off', it was intentional not to include them on the leaflet as they anticipated that the majority that met this criteria would phone up anyway to ask why this meant they had to continue filling in the return.
So is someone in receipt of the age related allowance but with income over £24k able to choose not to have to complete a tax return?0 -
I am sure that is a no for the first scenario & definitely no for the second!
When I spoke to them about the first scenario, the person I spoke to admitted it should have been on there0 -
It's the answer we were given by Central Quality team.I am sure that is a no for the first scenario & definitely no for the second!
When I spoke to them about the first scenario, the person I spoke to admitted it should have been on there[SIZE=-1]To equate judgement and wisdom with occupation is at best . . . insulting.
[/SIZE]0 -
I am sure that is a no for the first scenario & definitely no for the second!
When I spoke to them about the first scenario, the person I spoke to admitted it should have been on there
My Dad will be disappointed then. After receiving that leaflet he was looking forward to getting off SA as he could answer no to all of the questions.0 -
I actually agree it is wrong that the question isn't on the leaflet, hence why we raised it as a team to those with the ability to change the leaflet for future years.My Dad will be disappointed then. After receiving that leaflet he was looking forward to getting off SA as he could answer no to all of the questions.
To be honest now that NPS is up and running and all records will be reconciled every year I see no reason why those with reduced age allowances need to stay in SA. They were dealt with fine before SA began in 1997 (age allowances as they are today were introduced I believe in 1975).
It also seems that where in the past there was people with simple reduced age allowance cases (those who had income over the limits but only had State pension and 1 PAYE income [SIMRAA cases for those current or ex revenue on here]) that were not required to complete returns, these people will also now be required to do them.[SIZE=-1]To equate judgement and wisdom with occupation is at best . . . insulting.
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It also seems that where in the past there was people with simple reduced age allowance cases (those who had income over the limits but only had State pension and 1 PAYE income [SIMRAA cases for those current or ex revenue on here]) that were not required to complete returns, these people will also now be required to do them.
My Dad only has his state pension plus one company pension under PAYE that collects all tax due. He also has the Married Couples' allowance being 83. He has always had to complete the short tax return. I think he may need help with it now though which is why he wants off it.0 -
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It simply means that your tax affiars are simple and you do not need to complete a tax return. If you want not to complete a tax return then phone, if you want to still complete a tax return then complete one.
So, if I understand correctly, since I am Self-employed sole-trader ('yes' to the first question and 'no' to all the others), I still need to file a tax return.
I'll call up on Monday to find out more about it.
Thank you for replies.0
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