Tax Return - SV650.org

29-01-07, 09:32 PM

Any one else yet to fill in their tax return

I'm having some trouble finding my P11D - might have to make it up again . . .

29-01-07, 10:12 PM

Only 2 days to go.... I did mine last weekend. And vowed to do it on time next year. I think that's what I said last year though

Stu · 29-01-07, 10:21 PM

I've been let off from doing it. Probably got expenses to claim ... but it's not worth the effort of finding all my records

Don't ask my job

29-01-07, 10:33 PM

eek, I owe the buggers £225

Baked Beans on toast for the next month

29-01-07, 10:40 PM

Quote:

Originally Posted by Mr Toad

eek, I owe the buggers £225

Baked Beans on toast for the next month

I take it you're employed... one of the nasty things about being self-employed is you have to make payments on account, so as well as paying the tax I had to pay half as much again. And again in July, cos they assume that you'll make at least the same profit as you did last year. That's a nice interest free loan to the Government. Not only that, the other scam is that I have to value my work in progress and pay goddamn tax on that too, irrespective of whether or not I can actually bill it, and whether or not clients pay.

And after that there's the f*cking 'Class 4' NI contributions at 8% - or to be more exact, the self-employment tax.

Make no mistake, the Government really promotes enterprise.

29-01-07, 10:42 PM

Quote:

Originally Posted by Ed

Quote:

Originally Posted by Mr Toad

eek, I owe the buggers £225

Baked Beans on toast for the next month

I take it you're employed... one of the nasty things about being self-employed is you have to make payments on account, so as well as paying the tax I had to pay half as much again. And again in July, cos they assume that you'll make at least the same profit as you did last year. That's a nice interest free loan to the Government. Not only that, the other scam is that I have to value my work in progress and pay goddamn tax on that too, irrespective of whether or not I can actually bill it, and whether or not clients pay.

And after that there's the f*cking 'Class 4' NI contributions at 8% - or to be more exact, the self-employment tax.

Make no mistake, the Government really promotes enterprise.

Blimey Ed, you sound like a proper Portuguese!

Stu · 29-01-07, 10:43 PM

Quote:

Originally Posted by Mr Toad

eek, I owe the buggers £225

Baked Beans on toast for the next month

You have ticked the box - charged it to my tax code haven't you?

Sorry if I'm remembering wrong.

29-01-07, 10:48 PM

I've had 500 to do for my clients at work, whoever came up with 'tax needn't be taxing' needs a thrashing.

Finished my last one today, hooray!

29-01-07, 11:31 PM

Get someone to do it for you. Mrs G even paid mine last week...

30-01-07, 07:52 AM

Didn't bother even attempting it!
Not had to do one before (been self employed for just over a year) and I got rather fed up of even doing the business accounts a while back - the rubbish software from the bank didn't help, so got an accountant to do it all!
£80 per quarter for company accounts to be entered, reconciled and VAT return completed isn't bad, I reckon!
Two Personal Tax returns, a Partnership Tax return, a VAT return and an end of year account added about £400 to that this quarter!

Can't be bad!?

I've even received my £580 rebate already!

29-01-07, 09:32 PM	#1
Mr Toad Guest Posts: n/a	Tax Return Any one else yet to fill in their tax return I'm having some trouble finding my P11D - might have to make it up again . . .

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29-01-07, 10:12 PM	#2
Ed Guest Posts: n/a	Only 2 days to go.... I did mine last weekend. And vowed to do it on time next year. I think that's what I said last year though

29-01-07, 10:21 PM	#3
Stu Trinity Mega Poster Join Date: Jun 2006 Location: Guildford Posts: 8,027	I've been let off from doing it. Probably got expenses to claim ... but it's not worth the effort of finding all my records Don't ask my job

29-01-07, 10:33 PM	#4
Mr Toad Guest Posts: n/a	eek, I owe the buggers £225 Baked Beans on toast for the next month

29-01-07, 10:48 PM	#8
GregK2 Guest Posts: n/a	I've had 500 to do for my clients at work, whoever came up with 'tax needn't be taxing' needs a thrashing. Finished my last one today, hooray!

29-01-07, 11:31 PM	#9
Demonz Guest Posts: n/a	Get someone to do it for you. Mrs G even paid mine last week...

30-01-07, 07:52 AM	#10
coombest Guest Posts: n/a	Didn't bother even attempting it! Not had to do one before (been self employed for just over a year) and I got rather fed up of even doing the business accounts a while back - the rubbish software from the bank didn't help, so got an accountant to do it all! £80 per quarter for company accounts to be entered, reconciled and VAT return completed isn't bad, I reckon! Two Personal Tax returns, a Partnership Tax return, a VAT return and an end of year account added about £400 to that this quarter! Can't be bad!? I've even received my £580 rebate already!