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tax help: miscellaneous

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Comments

  • catoutthebag
    catoutthebag Posts: 2,216 Forumite
    purdyoaten wrote: »
    Have you a business which incurred losses in 2013/14? If not, the answer is No!

    If you have - well, one would expect to hear from you again!

    "Income tax losses" - still nonethewiser.

    Anyone wish to expand?

    Does it mean 'was your turnover (or profit? ) less in 13/14 than it was in 12/13'?

    Or, does it mean 'did you lose money and make no profit and went into the negative? '

    My business is contract work - always involves making money as there's not a lot or any expenditure. I sell my professional services in health care
  • catoutthebag
    catoutthebag Posts: 2,216 Forumite
    So that I don't !!!! up their crsppy worded phrases..

    'Did you receive notification from the student loans company that repayment of an income contingent student loan began before 6th April 2014'

    That is YES, right?

    This is yes? I have a student loan that I owe and am above the threshold for making a payment.
  • Suffolk_lass
    Suffolk_lass Posts: 10,478 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The answer to your student loan question depends on when you took out your loan and determines the threshold at which you repay (and allows the tax system to consider it using the right rules). If you were out of uni by 2012 you benefit from the lower rate, as I read the rules. You could check out the changes on the student loans website.

    You could do worse than write all your questions down and call HMRC so that you systematically go through your queries. You do sound rather panicky by your recent posts. Take a moment, gather and calm yourself.

    Good luck
    SL
    Save £12k in 2025 #2 I am at £10,020.92 out of £6000 after September
    OS Grocery Challenge in 2025 I am at £2234.63/£3000 or 74.49% of my annual spend so far (not going to be much of a Christmas at this rate as no spare after 9 months!
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My new diary is here
  • I started paying my loan in 08 or 09
    It's too late and I clicked 'yes' to my question and have submitted my return
  • You can amend a submitted return.
    Who having known the diamond will concern himself with glass?

    Rudyard Kipling


  • You can amend a submitted return.

    Vague - is that a yes or no :/
  • purdyoaten wrote: »
    Have you a business which incurred losses in 2013/14? If not, the answer is No!

    If you have - well, one would expect to hear from you again!

    Are you a politician? Layman's term's instead of paraphrasing. Or do you work for HMRC :/
  • Suarez
    Suarez Posts: 970 Forumite
    How much simpler can you write "Did your business incure losses in 13/14?"
  • mgdavid
    mgdavid Posts: 6,710 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Are you a politician? Layman's term's instead of paraphrasing. Or do you work for HMRC :/

    a little civility, humility and the odd 'please' goes a long way.
    The questions that get the best answers are the questions that give most detail....
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