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Tax return questions

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  • eskbanker
    eskbanker Posts: 37,282 Forumite
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    I don't know enough about CIS or class 2 NI to offer any advice about whether your return is accurate or correct, but at least you should hopefully now being able to understand the derivation of the £41.40 figure (i.e. NI offset by CIS) rather than seeing it as tax that you were expecting not to have to pay?
  • textbook
    textbook Posts: 786 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    eskbanker said:
    I don't know enough about CIS or class 2 NI to offer any advice about whether your return is accurate or correct, but at least you should hopefully now being able to understand the derivation of the £41.40 figure (i.e. NI offset by CIS) rather than seeing it as tax that you were expecting not to have to pay?
    Ok, anyhow gotta pay it along  with the class 2 £179 .  
  • eskbanker
    eskbanker Posts: 37,282 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    textbook said:
    eskbanker said:
    I don't know enough about CIS or class 2 NI to offer any advice about whether your return is accurate or correct, but at least you should hopefully now being able to understand the derivation of the £41.40 figure (i.e. NI offset by CIS) rather than seeing it as tax that you were expecting not to have to pay?
    Ok, anyhow gotta pay it along  with the class 2 £179 .  
    The way it's presented is that the £179 is offset by the CIS figure to leave £41 as the net figure you need to pay, so it's not both....
  • textbook
    textbook Posts: 786 Forumite
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    Cool just £41.. i did tick the class 2 voluntary though I guess it's offset against  that not the standard £179
  • textbook
    textbook Posts: 786 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    textbook said:
    eskbanker said:
    textbook said:
    I have about £6000 self employed net income and 5400 from PAYE, why am I paying £40 tax when I'm below the tax threshold?
    Probably worth sharing the draft calculation from the end of the process rather than selected screenshots?





    I put £138 for CIS, that's 20% of net pay i was given but as the company can't find or verify that I worked for them despite getting two bacs payments I might put £0 or nothing to play it safe and not try and claim back any tax ?

    Put a note of this in comments
    As HMRC will have received the CIS information from the contractor I am not sure declaring zero is playing it safe.
    Thxs.   I got payslips and added to cis payments then submitted 
  • textbook
    textbook Posts: 786 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker

    I went into pay the £41 and it's carried this over to the next financial year.   Why?   Seems like my national insurance is all paid up though










  • DRS1
    DRS1 Posts: 1,261 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I went into pay the £41 and it's carried this over to the next financial year.   Why?   

    That wasn't how I read the bit in the last picture you posted - that said it was due by 31 January 2025 (ie 11 days ago).  But it also said you should check another bit of the site to see what you actually owed and you haven't posted a picture of that bit.
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