Tax return help

katie4

Could anybody help me calculate how much tax I will need to pay?
I work full time for local gov but I am also self employed writer
it is my first year completing a tax return and when it takes me through to the calculation it is saying they owe me £6.10 but I am sure this cant be right but I cannot see where I may have gone wrong
Full time wage and self employed income total £12,189 (£1003 of that is from self employment) tax paid on full time job £345 tax refund £196
I was previously part time and have since gone full time
any help appreciated thanks

Comms69

sounds about right. This is for 17/18, so the allowance was slightly different to this year. But it's basically 20% of £700, which is £140.

katie4

Comms69 wrote: »

sounds about right. This is for 17/18, so the allowance was slightly different to this year. But it's basically 20% of £700, which is £140.

Hi sorry where did you get £700/£140 from? thanks so you think it is right that they owe me £6.10?

NeilCr

The tax free allowance for last year was £11500

So you have to pay income tax on 12189-11500 = 689 (roughly Comms 700)

You have to pay 20% income tax on that £689. £137.80

engineer_amy

the tax free allowance for last year is £11500. your earnings were roughly 700 above this, so you would be taxed 20% on the 700 = £140


cross post with NeilCR!

katie4

NeilCr wrote: »

The tax free allowance for last year was £11500

So you have to pay income tax on 12189-11500 = 689 (roughly Comms 700)

You have to pay 20% income tax on that £689. £137.80

Thank you i knew it wasn't right that they owed me i had set aside roughly £200 to pay but i cannot figure out where i have gone wrong on the forms, forgot to mention i added expenses of £45

Ruthy1604

£12189 earnings less £11500 personal allowance leaves £689 to pay tax on.


£689 at a tax rate of 20% is £137.80


You've paid tax of £345 less the refund of £196 ie £149, which is £11.20 more than you owe. So you'd be due a refund.


HMRC have probably rounded the figures


Looks about right to me.

Comms69

katie4 wrote: »

Thank you i knew it wasn't right that they owed me i had set aside roughly £200 to pay but i cannot figure out where i have gone wrong on the forms, forgot to mention i added expenses of £45

You haven't gone wrong:


£345 tax refund £196

£149 tax already paid.

katie4

Comms69 wrote: »

You haven't gone wrong:


£345 tax refund £196

£149 tax already paid.

Ah god sorry! thank you everyone i am new to this i will get my head around it hopefully!

katie4

sorry I'm still slightly confused the tax refund I had was based on my full time wage which was approx. £11,179 I had this before I submitted my tax return is it still correct that they owe me? thanks

Comms69

katie4 wrote: »

sorry I'm still slightly confused the tax refund I had was based on my full time wage which was approx. £11,179 I had this before I submitted my tax return is it still correct that they owe me? thanks

Don't worry it's fine.


You pay no tax on the first £11,500, then 20% (until the next tax bracket, which you're nowhere near)


In reality for the £11,179 you owed zero tax.