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Self Assessment Newbie Question
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scottcru
Posts: 15 Forumite
in Cutting tax
Hi,
I hope someone can help me. I have been required by the Inland Revenue to start completing a self assessment tax return for the 2016-17 tax year onwards. Having recently completed and submitted the assessment, the online system has calculated that I have overpaid tax by approx. £500. That's obviously a pleasant surprise, but has led me to question whether I may have been overpaying tax for a number of years.
I have a very simple tax return - main full time employment, PAYE, savings and investment interest etc., and my arrangements are very similar to previous years.
Am I able to request to undertake a self assessment for previous years? or request a tax review or similar?
Thanks in advance.
I hope someone can help me. I have been required by the Inland Revenue to start completing a self assessment tax return for the 2016-17 tax year onwards. Having recently completed and submitted the assessment, the online system has calculated that I have overpaid tax by approx. £500. That's obviously a pleasant surprise, but has led me to question whether I may have been overpaying tax for a number of years.
I have a very simple tax return - main full time employment, PAYE, savings and investment interest etc., and my arrangements are very similar to previous years.
Am I able to request to undertake a self assessment for previous years? or request a tax review or similar?
Thanks in advance.
0
Comments
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Personally or would lead me to question if I had completed the return correctly (it being a suprise to have overpaid £500).
There is usually a specific reason why a tax return is needed, Child Benefit, income over £100k, large amounts of untaxed income - what prompted you needing to do one?
Why not check the figures for the previous year yourself before getting embroiled in completing possibly unnecessary forms?0
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