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-   -   i luuuurve the tax man!!!!! (http://forums.sv650.org/showthread.php?t=95564)

busasean 22-08-07 02:24 PM

i luuuurve the tax man!!!!!
 
just got a £950 tax rebate!!!

Viper 22-08-07 02:46 PM

Re: i luuuurve the tax man!!!!!
 
Smug Git !!! ;)

ASM-Forever 22-08-07 04:45 PM

Re: i luuuurve the tax man!!!!!
 
I got about a grand last year and its a great feeling.

In reality though they mugged you for the cash previously......

kwak zzr 22-08-07 05:44 PM

Re: i luuuurve the tax man!!!!!
 
Quote:

Originally Posted by ASM-Forever (Post 1268647)
I got about a grand last year and its a great feeling.

In reality though they mugged you for the cash previously......

yep the GIT did nick it from you in the first place.

Alpinestarhero 22-08-07 05:45 PM

Re: i luuuurve the tax man!!!!!
 
Coooooooooooool

Can I have some?

Matt

lynw 22-08-07 06:35 PM

Re: i luuuurve the tax man!!!!!
 
Quote:

Originally Posted by ASM-Forever (Post 1268647)
In reality though they mugged you for the cash previously......

No they didn't. Cant blame the tax man for taking more than necessary, same as if you underpay - thats not how the system works.

YOUR COMPANYS PAYROLL department work out what to deduct and THEY pay it over with a declaration to HMRC. They then pay the balance after deductions into your account as your salary. If THEY get it wrong HMRC don't know that til the final annual figures go in or you query it.

Or are tax officers supposed to be psychic now too? :p;):lol:

on yer bike 22-08-07 06:54 PM

Re: i luuuurve the tax man!!!!!
 
question lynw, I eventually got all my tax rebated to me (dunno if you remember but I was having problems earlier this year and asked on the forum, had to take legal action against my work, but eventually got it. but they sent me the whole amount of tax I'd paid back.) now I owe the tax man around 50p, what should I do, should I wait until the tax man asks for it, is there some sort of fine for not paying these things? in which case do I have to fill out some forms and send a cheque etc blady blady blah!

mac99 22-08-07 07:16 PM

Re: i luuuurve the tax man!!!!!
 
Quote:

Originally Posted by lynw (Post 1268730)
No they didn't. Cant blame the tax man for taking more than necessary, same as if you underpay - thats not how the system works.

YOUR COMPANYS PAYROLL department work out what to deduct and THEY pay it over with a declaration to HMRC. They then pay the balance after deductions into your account as your salary. If THEY get it wrong HMRC don't know that til the final annual figures go in or you query it.

Or are tax officers supposed to be psychic now too? :p;):lol:

So your company's payroll decide what tax code to put you on now?

lynw 22-08-07 07:33 PM

Re: i luuuurve the tax man!!!!!
 
Quote:

Originally Posted by mac99 (Post 1268756)
So your company's payroll decide what tax code to put you on now?

You<----------------------------------------------------> the point of my post ;):p

They have to tell the revenue about any taxable benefits for them to adjust the tax code. Also, if your payroll screw up and underpay [which has been known], then the Revenue will adjust your tax code to collect it the following year. So while the Revenue make the decision about your code, its not plucked out of thin air. It is actually based on information YOUR COMPANY GIVE THEM.

But the point actually was the Revenue dont collect the money. Its your payroll that pay it over. Ergo I was merely pointing out the concept that the Revenue "mugged" people for the cash previously is not strictly true. They just go by what YOUR company is telling them as far as payments, declarations and deciding your tax code goes.

:)

lynw 22-08-07 07:39 PM

Re: i luuuurve the tax man!!!!!
 
Quote:

Originally Posted by on yer bike (Post 1268740)
question lynw, I eventually got all my tax rebated to me (dunno if you remember but I was having problems earlier this year and asked on the forum, had to take legal action against my work, but eventually got it. but they sent me the whole amount of tax I'd paid back.) now I owe the tax man around 50p, what should I do, should I wait until the tax man asks for it, is there some sort of fine for not paying these things? in which case do I have to fill out some forms and send a cheque etc blady blady blah!

Congratulations, you have now just pushed me back into vowing I will never help anyone on this forum EVER again with their tax problems or give advice or a balancing pov to correct mistaken ideas. Its clearly not appreciated to warrant such sarcasm. :smt013


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