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Tax return

S_Hoops
S_Hoops Posts: 4 Newbie
First Post
edited 30 May 2020 at 7:48PM in Cutting tax
I subcontract to a company who deduct and pay  my tax but I haven’t done my tax returns in 5 years what should I do 

Comments

  • polymaff
    polymaff Posts: 3,958 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Flesh out your question a bit.  At the moment it reads as a paradox.
    Even an oxymoron... :)
  • S_Hoops
    S_Hoops Posts: 4 Newbie
    First Post
    Av changed question now help would be appreciated 
  • whizzywoo
    whizzywoo Posts: 766 Forumite
    Sixth Anniversary 500 Posts Photogenic Name Dropper
    Do you mean you've been sub-contacting for 5 years in the CIS scheme but have not completed any tax returns.   

    Get an accountant to help sort it out.
    "All shall be well, and all shall be well, and all manner of thing shall be well."  :) 
  • S_Hoops
    S_Hoops Posts: 4 Newbie
    First Post
    I am a decorating company and I invoice the maintenance company and they deduct and pay the tax off my invoice 
  • whizzywoo
    whizzywoo Posts: 766 Forumite
    Sixth Anniversary 500 Posts Photogenic Name Dropper
    Are you a sole trader or a limited company?

    Why have you not completed tax returns?

    You presumably have business expenses?  Who supplies the decorating materials?  Do you have a van and travel from site to site?

    What proof do you have regarding the tax deducted from you and that it has been paid to HMRC?
    "All shall be well, and all shall be well, and all manner of thing shall be well."  :) 
  • Jeremy535897
    Jeremy535897 Posts: 10,751 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    It sounds to me like you are a subcontractor trading as a self employed individual, without a company (otherwise I doubt tax would be deducted from the payments.

    If I am right, you pay 20% tax on all your income for labour. If your job is your only source of income, it is very likely you have  overpaid tax, because tax deducted at source takes no account of your personal allowance (currently £12,500) or expenses. What you won't have paid is Class 2 and Class 4 NIC, but what you need to do is find an accountant who will help you put things right.
  • S_Hoops
    S_Hoops Posts: 4 Newbie
    First Post
    I have my invoices total amount ..then after the 20% has been deducted and payed into bank . he pays all expenses Even supplies van and I moved house haven’t changed address with hmrc my brother had multiple stokes so things got put on back burner with trying to look after him and juggle work ..it’s a mess 
  • Jeremy535897
    Jeremy535897 Posts: 10,751 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    The longer you leave it, the worse it will get, but if overall your personal allowance will save you more in tax than you owe in NIC, the result should not be too painful. Get it sorted out by an accountant.
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