Tax Return help.

PlutoinCapricorn

"However, it will most likely raise questions at HMRC as how do you survive on just over £100 per week. "

There are boxes for comments on the return: one covers the overall figures and another relates to the self employment income.

I mention my extremely low overheads to explain how I survive on a low income, and not being too well to explain a drop in SE income.

Explaining these things may avoid an enquiry from HMRC.

[Deleted User]

jamesflood wrote: »

Believe me, ive been paying PAYE tax. I have the payslips in front of me, all be it very little amounts, I have paid it. Forms going off the accountant today, so time will tell.

Your pay slips are showing £120 deducted for tax/ni?

£230 per month minus £160 means you were taking home £70 per month from your PAYE job, losing 70% to CIS and tax. Are you sure those figures are correct, perhaps you mean £191.40, not £1,914.00? I find it almost impossible to believe that you could have been losing 70% of your PAYE income and someone in the accounting department of your employer didn't notice and question it, you would have to be earning over £200,000 per year for that level of tax deduction (50%) to even start to be plausible.

jamesflood

citricsquid wrote: »

Your pay slips are showing £120 deducted for tax/ni?

£230 per month minus £160 means you were taking home £70 per month from your PAYE job, losing 70% to CIS and tax. Are you sure those figures are correct, perhaps you mean £191.40, not £1,914.00? I find it almost impossible to believe that you could have been losing 70% of your PAYE income and someone in the accounting department of your employer didn't notice and question it, you would have to be earning over £200,000 per year for that level of tax deduction (50%) to even start to be plausible.

My PAYE Income is from January 2014 until April 2014 (3 months). I have no idea what figures your quoting?

The £1914 is the tax i've paid from my self employment, PLUS the PAYE employment.

jamesflood

Apologies, my total tax for SE and PAYE is £1999.

Apologies,