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Unexpected Self Assessment Statement
julian_allder
Posts: 1 Newbie
in Credit cards
I’ve just received an unexpected Self Assessment Statement, saying I owe the Revenue and Customs a large sum of money.
On checking my tax return, I notice that my error was to put my Annuity contribution figure into box number 14.1 as has always been the case.
This year however, the Revenue and Customs have changed the return form so that it should have gone into box 14.2. This means that the figure in box 14.1 is now taxable!
I guess that I’m not the only one to have made this mistake and that many of your listeners will be paying over large sums of tax that is not actually due.
On checking my tax return, I notice that my error was to put my Annuity contribution figure into box number 14.1 as has always been the case.
This year however, the Revenue and Customs have changed the return form so that it should have gone into box 14.2. This means that the figure in box 14.1 is now taxable!
I guess that I’m not the only one to have made this mistake and that many of your listeners will be paying over large sums of tax that is not actually due.
0
Comments
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Can you not just phone them to let them know of your mistake and see what they can do?0
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Changes to current year return they can do over the phone.
Changes to prior year return can be done by simple letter.
Changes to years before that you need to write a letter and specifically state that you want prior year returns to be corrected under "section 33 and 44 of the Taxes Management Act 1970"
Can adjust back a maximum of 6 years,"A child of five could understand this. Fetch me a child of five." - Groucho Marx0
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