Doing tax return, questions about different income sources

textbook

I've worked out after deducting expenses from income on self employed work I earned £250. 


 I worked for two companies mainly.  I think first didn't pay my tax (not sure) but second did.   Do I input these figures in photo from my P60 into my tax return?   Are they from the two companies?  As well as my self employed income or do I need to add up all the paye payslip amounts each month or just take above figures off P60? 

Also did one day with an agency and got tax code BR total- £93 after they taxed me.  Do I input that?    

eskbanker

That P60 appears to show the taxable income plus tax deducted for each employer, but if you have any doubt about the figures then there's no harm in reconciling with payslips, which should be a straightforward (but unnecessary) task.

And yes, all taxable income (and tax deducted) needs to be declared, so your self-employed profit and also the "one day with an agency".

textbook

eskbanker said:

That P60 appears to show the taxable income plus tax deducted for each employer, but if you have any doubt about the figures then there's no harm in reconciling with payslips, which should be a straightforward (but unnecessary) task.

And yes, all taxable income (and tax deducted) needs to be declared, so your self-employed profit and also the "one day with an agency".

Looks like hmrc already have all the info from my three paye places.  No need to input.


I have a private pension which I pay £120 into a month so with £30 tax is £1800/yearly.  Should I tick yes to this below?

Smudgeismydog

The first picture says “did you receive any UK pensions”
This is not the same as paying into a pension

d6fs1l

textbook said:

I have a private pension which I pay £120 into a month so with £30 tax is £1800/yearly.  Should I tick yes to this below?

The question you have photographed is asking if you receive pensions or state benefits. You wouldn't tick yes to that just because you are contributing to a private pension. You would tick yes to it if you are receiving a pension, annuity income, or income from taxable benefits. Have a look at the help drop-down (or the separate tax return notes) if you are not sure.

textbook

d6fs1l said:

textbook said:

I have a private pension which I pay £120 into a month so with £30 tax is £1800/yearly.  Should I tick yes to this below?

The question you have photographed is asking if you receive pensions or state benefits. You wouldn't tick yes to that just because you are contributing to a private pension. You would tick yes to it if you are receiving a pension, annuity income, or income from taxable benefits. Have a look at the help drop-down (or the separate tax return notes) if you are not sure.

Sorry I meant I received universal credit while working as I was on low income.   Do I need to say how much universal credit I got?  If so, where do I find that figure?

gt94sss2

Universal Credit is not a taxable benefit. No need to mention it on your tax return

textbook

Smudgeismydog said:

The first picture says “did you receive any UK pensions”
This is not the same as paying into a pension

Is it correct to put £1800 into the above photo and question of if I paid into a registered pension? 

I paid £120 each month then government adds £30 tax relief or something 

Also, every month over the tax year I entered figures for income and expenses fir self employment to universal credit organisation.  Will the figures be compared to my tax return?   Do they need to match?   They should but it's possible I've added wrongly

DRS1

textbook said:

Smudgeismydog said:

The first picture says “did you receive any UK pensions”
This is not the same as paying into a pension

Is it correct to put £1800 into the above photo and question of if I paid into a registered pension? 

I paid £120 each month then government adds £30 tax relief or something 

Also, every month over the tax year I entered figures for income and expenses fir self employment to universal credit organisation.  Will the figures be compared to my tax return?   Do they need to match?   They should but it's possible I've added wrongly

Yes it should be.  You might just want to check the contributions you made in each April to see if they fell the right side of the 5th/6th.  You might also want to check that the pension scheme got the £30 tax relief for each contribution (and not "or something").

textbook

Do I need to add up all the interest I got on a savings account I have?  So e.g. £4/month  and add it up.   

I paid paye tax every month and only made approx £500 profit on self employed income. Got to pay class 2 NI £278.  Can I get a tax rebate ?

Regarding expenses on my van.  My accountant used to deduct 18% of my van then 18% of remaing value following year.   I bought in 2017 and heard vehicles can only be used as an expense for max five years, is this true?  I've done my own tax for last 3 years and didn't use my vehicle at all.  Have I wasted it as an expense? 

Also I put on my insurance that my van is used 70% work/30% personal.  Should I only put 70% of total van expenses e.g diesel, repairs, insurance etc?   I've been putting it all through 

Dazed_and_C0nfused

textbook said:

Do I need to add up all the interest I got on a savings account I have?  So e.g. £4/month  and add it up.   

I paid paye tax every month and only made approx £500 profit on self employed income. Got to pay class 2 NI £278.  Can I get a tax rebate ?

Regarding expenses on my van.  My accountant used to deduct 18% of my van then 18% of remaing value following year.   I bought in 2017 and heard vehicles can only be used as an expense for max five years, is this true?  I've done my own tax for last 3 years and didn't use my vehicle at all.  Have I wasted it as an expense? 

Also I put on my insurance that my van is used 70% work/30% personal.  Should I only put 70% of total van expenses e.g diesel, repairs, insurance etc?   I've been putting it all through 

I genuinely think the best thing you can do is appoint a professional to help you with this.