Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: theolodian on 20 January 2008, 21:41:56

Title: ^*&%$#@ tax returns
Post by: theolodian on 20 January 2008, 21:41:56
This stuff sux!  >:(  Gonna have to call them tomorrow.  :-[
Title: Re: ^*&%$#@ tax returns
Post by: Marks DTM Calib on 20 January 2008, 21:51:35
US one or UK one.....I have seen the US ones and they are like war and peace......Uk ones are dead easy in comparison!
Title: Re: ^*&%$#@ tax returns
Post by: CaptainZok on 20 January 2008, 21:55:07
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US one or UK one.....I have seen the US ones and they are like war and peace......Uk ones are dead easy in comparison!

1 How much did you earn last year?
2 Send it.
Title: Re: ^*&%$#@ tax returns
Post by: theolodian on 20 January 2008, 21:55:26
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US one or UK one.....I have seen the US ones and they are like war and peace......Uk ones are dead easy in comparison!
US ones range from dead simple to stacks of paper. UK seems to be similar, except not familiar with all the terms and classifications so struggling with which 'extra pages' I need.
Title: Re: ^*&%$#@ tax returns
Post by: Kevin Wood on 20 January 2008, 21:59:34
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US one or UK one.....I have seen the US ones and they are like war and peace......Uk ones are dead easy in comparison!
US ones range from dead simple to stacks of paper. UK seems to be similar, except not familiar with all the terms and classifications so struggling with which 'extra pages' I need.

A fairly simple request for information made as complicated as possible >:(

I find the online filing works well, but don't even think about trying to log on this time of year!

Kevin
Title: Re: ^*&%$#@ tax returns
Post by: theolodian on 20 January 2008, 22:00:34
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US one or UK one.....I have seen the US ones and they are like war and peace......Uk ones are dead easy in comparison!
US ones range from dead simple to stacks of paper. UK seems to be similar, except not familiar with all the terms and classifications so struggling with which 'extra pages' I need.

A fairly simple request for information made as complicated as possible >:(

I find the online filing works well, but don't even think about trying to log on this time of year!

Kevin
Yeah, didn't realise that they post you the PIN.  ::)
Title: Re: ^*&%$#@ tax returns
Post by: The Elite on 20 January 2008, 22:05:31
I'd complain, according to the advert tax doesn't have to be taxing!
Title: Re: ^*&%$#@ tax returns
Post by: theolodian on 20 January 2008, 22:06:52
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I'd complain, according to the advert tax doesn't have to be taxing!
In this case it's a ton of hassle for not that much money.  :-/ :'(
Title: Re: ^*&%$#@ tax returns
Post by: Kevin Wood on 20 January 2008, 22:07:03
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Yeah, didn't realise that they post you the PIN.

Ahh, forgot about that. As I say, made as complicated as possible >:( It took me a couple of attempts before they sent me one that worked too.

Kevin
Title: Re: ^*&%$#@ tax returns
Post by: tunnie on 20 January 2008, 22:09:41
what triggers tax returns?

I have never filled in one, my dad used to but does not any more....
Title: Re: ^*&%$#@ tax returns
Post by: theolodian on 20 January 2008, 22:11:32
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what triggers tax returns?

I have never filled in one, my dad used to but does not any more....
Anything other than PAYE employment and a bank account apparently. In the US you have to do a return no matter what.
Title: Re: ^*&%$#@ tax returns
Post by: Kevin Wood on 20 January 2008, 22:14:21
You are responsible for owning up to any untaxed income and requesting one. Depends if you have anything complicated in your finances and/or earn into the top tax band.

IME they'll send you one for a few years and if it doesn't change much from one year to the next they start sending you a much simpler form to fill in.

Kevin
Title: Re: ^*&%$#@ tax returns
Post by: Elite Pete on 20 January 2008, 22:20:33
I pay someone to do mine as I can't be bothered ::)
Title: Re: ^*&%$#@ tax returns
Post by: tunnie on 20 January 2008, 22:23:41
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what triggers tax returns?

I have never filled in one, my dad used to but does not any more....
Anything other than PAYE employment and a bank account apparently. In the US you have to do a return no matter what.

yaYY i am PAYE  :)
Title: Re: ^*&%$#@ tax returns
Post by: Golfbuddy on 20 January 2008, 22:32:00
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what triggers tax returns?

I have never filled in one, my dad used to but does not any more....
Anything other than PAYE employment and a bank account apparently. In the US you have to do a return no matter what.

yaYY i am PAYE  :)

Do you get any perks'? Private medical? Lunch allowance? Travel allowance? Clothing allowance?

Any of these may trigger them sending you a tax return.  :'(

They sent me one for three years, which I never filled in (Before self assessment).

In the end I phoned them up and asked them why they kept sending them as I was PAYE, didn't own any shares and didn't have any investments. They told me to write that on the return forms and return them. I did this, sent all three back in the same envelope and I never heard from them again.  :-/

It seems quite arbitrary to whom they will send a tax return to.   :(
Title: Re: ^*&%$#@ tax returns
Post by: tunnie on 20 January 2008, 22:39:27
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what triggers tax returns?

I have never filled in one, my dad used to but does not any more....
Anything other than PAYE employment and a bank account apparently. In the US you have to do a return no matter what.

yaYY i am PAYE  :)

Do you get any perks'? Private medical? Lunch allowance? Travel allowance? Clothing allowance?

Any of these may trigger them sending you a tax return.  :'(

They sent me one for three years, which I never filled in (Before self assessment).

In the end I phoned them up and asked them why they kept sending them as I was PAYE, didn't own any shares and didn't have any investments. They told me to write that on the return forms and return them. I did this, sent all three back in the same envelope and I never heard from them again.  :-/

It seems quite arbitrary to whom they will send a tax return to.   :(

I get Bupa...

Been on a course, hope to go one more.

I put about £300 a month of expenses on each month, but this is mostly PAYG phone credit and new phones when we need them.
Title: Re: ^*&%$#@ tax returns
Post by: Golfbuddy on 20 January 2008, 23:12:48
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what triggers tax returns?

I have never filled in one, my dad used to but does not any more....
Anything other than PAYE employment and a bank account apparently. In the US you have to do a return no matter what.

yaYY i am PAYE  :)

Do you get any perks'? Private medical? Lunch allowance? Travel allowance? Clothing allowance?

Any of these may trigger them sending you a tax return.  :'(

They sent me one for three years, which I never filled in (Before self assessment).

In the end I phoned them up and asked them why they kept sending them as I was PAYE, didn't own any shares and didn't have any investments. They told me to write that on the return forms and return them. I did this, sent all three back in the same envelope and I never heard from them again.  :-/

It seems quite arbitrary to whom they will send a tax return to.   :(

I get Bupa...

Been on a course, hope to go one more.

I put about £300 a month of expenses on each month, but this is mostly PAYG phone credit and new phones when we need them.

In which case you will get a P11d in April. This will list your 'Benefits In Kind' and you will have a tax liability for this. Depending on your other expenses, you may 'come up on the radar'.

I don't believe that mobile phones are taxable any longer; they used to be. If you claim a mileage allowance, this should be included in the P11d.

Out of pocket expenses are fine, as they are just that, but a lunch allowance is, I believe, taxable at your highest level of tax.

Bloody minefield mate. My wife works for an accountant and fills these things in day in day out. She's quite busy at the moment.  :)
Title: Re: ^*&%$#@ tax returns
Post by: Andy B on 20 January 2008, 23:32:51
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......or earn into the top tax band.
.......

This used to apply to me when I helped make cough sweets! I could never understand why I'd to fill the bugger in when I was PAYE though, even the local tax office talked themselves into a hole trying to justify themselves. When Cadbury took over & my tax office moved to Brum they said I no longer needed to fill 1 in. Presumably it depends how your tax office interprets the rules. :-/
Putting beanz in tinz doesn't pay well enough (contrary to local belief  ;)) to worry aboout 40% tax
Title: Re: ^*&%$#@ tax returns
Post by: Jay w on 21 January 2008, 08:50:33
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US one or UK one.....I have seen the US ones and they are like war and peace......Uk ones are dead easy in comparison!
US ones range from dead simple to stacks of paper. UK seems to be similar, except not familiar with all the terms and classifications so struggling with which 'extra pages' I need.

try this.....

www.taxcalc.co.uk

i use it for my self assessment, it asks simple questions, turns it into the required answers, puts it in the right place and then allows you to print it all out as a filled in self assment format.

cost is £4.99
Title: Re: ^*&%$#@ tax returns
Post by: Kevin Wood on 21 January 2008, 09:55:58
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......or earn into the top tax band.
.......

This used to apply to me when I helped make cough sweets! I could never understand why I'd to fill the bugger in when I was PAYE though, even the local tax office talked themselves into a hole trying to justify themselves. When Cadbury took over & my tax office moved to Brum they said I no longer needed to fill 1 in. Presumably it depends how your tax office interprets the rules. :-/
Putting beanz in tinz doesn't pay well enough (contrary to local belief  ;)) to worry aboout 40% tax

The problem is, everything else that's taxed automatically is done at the basic rate, so although your salary will have been taxed correctly through PAYE, your bank / building society interest, any share dividends, etc. etc. wouldn't. In most cases the difference is pennies, of course, and they work this out after a few tax returns and adjust your tax code to compensate.

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I pay someone to do mine as I can't be bothered

Quite often someone experienced will find plenty of ways to save you money too, so the overall cost of employing someone to do it may be negative. For example, do business miles in a 3.2 Omega and you can claim a tax rebate on much more than the the paltry amount of mileage allowance your company will give you.

Kevin