Nice people thread part 7 - a thread in its prime

lostinrates

GDB2222 wrote: »

So, I'll see you in my no-tax-return country then?

I see all sorts of bad situations where this could be possible. Like, no tax returns because you payment goes through a sort of hmrc where they keep 90percent tax and admin and you get 10 percent...but..,no tax returns!

silvercar

PasturesNew wrote: »

I have a question for Mr Smug.

"Our records show that your 2011-12 PAYE Notice of Coding includes an adjustment for tax underpaid. Underpaid tax for 2011-12 included in your tax code for 2012-13: £ 0.00

If this figure is not correct, select 'No' and you will be given a chance to amend it below"

Er ... WUT?

and not accepting 0 as a valid entry but the leaving the field blank is fine.

PasturesNew

GDB2222 wrote: »

So, I'll see you in my no-tax-return country then?

You will

vivatifosi

chewmylegoff wrote: »

Like...empathise!?

You're right, there are tons of things i am rubbish at. however, completing a tax return doesnt require much in the way of skills - is a combination of basic maths and reading comprehension. I think people just lose it a bit when having to deal with them.

It depends on how straightforward your affairs are as to whether the tax return is easy. They aren't hard per se, but they do get fiddly if you have lots of different affairs. I am a director of two companies, have a trusteeship and paid employment. That's a lot of different sections. The right way to do this is of course to do a bit at a time and then put the paperwork for that bit away, but it isn't a quick job.

It would also help if you could put zeros in. As silver says, the stupid system doesn't allow zeros, only blanks. It would also help if they didn't keep changing it and so knew what questions you were going to get every year.

michaels

vivatifosi wrote: »

It depends on how straightforward your affairs are as to whether the tax return is easy. They aren't hard per se, but they do get fiddly if you have lots of different affairs.

The questions get more intrusive every year

I didn't realise we had to pay tax on affairs nowadays but I guess they are always looking for new things to tax...

PasturesNew

michaels wrote: »

I didn't realise we had to pay tax on affairs nowadays but I guess they are always looking for new things to tax...

So my PM box won't be filling up as much this year then.

zagubov

GDB2222 wrote: »

So, I'll see you in my no-tax-return country then?

I went on holiday in France as a child (well teenager) on the coast near Monaco. They don't have income tax at all IIRC. It was a bay surrounded by cliffs and ridiiculously high skyscrapers with their gardens on the roofs. Can't imagine how much it would cost to live there and own property. Kind of place where you couldn't walk more than 10 minutes in any direction without leaving it.

Mind you if you could get in, Albania didn't have any income tax at all. Or roads leading in or out. Or private cars or anything to buy in the shops. Or TVs that could pick up foreign channels. OK Monaco was a better choice even if it was so cramped everybody had to run backwards when the tide came in.:eek::eek::eek:

Apparently all the easterrn bloc advisers and diplomats who had to go to Albania used to warn each other to bring absolutely everything they needed. There was a lot of propaganda it was a worker's paradise but the truth was they made the other communist countries look like consumer paradises which tells us all we need to know.

mystic_trev

zagubov wrote: »

Mind you if you could get in, Albania didn't have any income tax at all. Or roads leading in or out. Or private cars or anything to buy in the shops. Or TVs that could pick up foreign channels.

Ahhhhh memories. I was one of the first 'Tourists' allowed into Albania in 1986. To get there I had to fly to Belgrade via Zagreb, then pick up another flight to Titograd, now called Pordgorcia. I then joined the Official Tourist Bus to Yugoslav border. We had to walk across the border one, by one, having our Passports checked half way across by an Albanian soldier, whist being over looked by machine gun posts!

Once over the border, we entered what can only be described as a European time warp.As you say no cars, just the bus taking us to our first destination. It really was like being in a land that had turned back the clock by two hundred years!

BertieUK

Its just amazing how times have changed so much in my lifetime I remember travelling by coach with British Tourists to Austria from Glasgow and it took us four days to get there. This was mid 1970s

When we arrived at the German Border I always picked up a 40DM fine for speeding, 80kmph was for us walking pace on the Autobahns especially with cars passing you doing a ton, so I kept at a steady 100kmph otherwise I would run out of driving hours and that would be a heavier penalty.

When we arrived at the German Border Crossings we had to tell them from what countries our pax were from, as were were mostly from Scotland I used to say we are all Scottish as I passed over the list of their names and two packets of cigerettes (a bribe) they remarked Schotland the Brave and smiled gracefully stamped the weighbill and we were off.

Big changes since then and I wonder if they are for the best.

Memories we can cherish forever.:)

sss555s

vivatifosi wrote: »

It depends on how straightforward your affairs are as to whether the tax return is easy. They aren't hard per se, but they do get fiddly if you have lots of different affairs. I am a director of two companies, have a trusteeship and paid employment. That's a lot of different sections. The right way to do this is of course to do a bit at a time and then put the paperwork for that bit away, but it isn't a quick job.

Do you submit your ltd annual return yourself?

Always thought it was best to use an accountant, but would save a good bit by doing them myself.
They say an accountant will save you his fees and more, but i'm not so sure if that is the case in reality.