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Tax return time!

Discussion in 'Off Topic - Financial Chat' started by katykicker, Apr 6, 2015.

  1. drcee

    drcee New Member

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    I am wanting to sit down and do my tax return for last year. I was self-employed for a chunk of the year and had other PAYE jobs on the go too. This has made for a very complex tax situation.

    I called up HMRC and got them to send me a letter with all of my employers and tax paid. I noticed, however, that one of my employers was missing from the list. I am wondering why this is the case? Do they only show up at the tax office when a P60 is generated? This is annoying the heck out of me, as I know for a fact that I was overpaying tax in that job. I want that to come off my totals. I guess I better call my old workplace to get the information from them.
     
  2. RickyRaj

    RickyRaj Active Member

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    Did mine on Saturday and am due some money back ;D
     
  3. Jon

    Jon Administrator Staff Member

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    Well I WAS going to do my return this week however our P60s are online and it seems while I can access out payslips I can't get to my P60 unless I ring up which as I am off work this week I can't be bothered to do lol

    It can wait
     
  4. deepgc

    deepgc New Member

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    If anyone needs a hand with their Tax Return, give me a shout, I've been a self-employed Accountant and Tax Advisor for about ten years now :D
     
  5. askgar

    askgar Well-Known Member

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    Quick Tax Return related question...

    On uTest I'm quite often asked to make a purchase, then they refund as a bonus payout via the platform, so it gets lumped into my testing payout.

    1) Do I need to include these amounts in the amount I made, then claim them as an expense, or do I just not include them.
    2) If I get a benefit from this (e.g. they ask me to buy something from a shop that I can then keep and use), should I then include it in my earnings, and do I need to mention it was an expense?

    Thanks if anyone can provide an insight.
     
  6. katykicker

    katykicker I am a 20 something stay-at-home-wife from Essex. Staff Member

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    1) you include them otherwise your payments won't match what you got. Also claim as an expense which you'll need receipts for.

    2) my understanding is you don't need to include items for review etc unless you sell them on. So companies send me items for review and I don't declare this as they are free and I only declare the ones I sell on and the money I make from them.

    Hope this helps a bit.
     
  7. askgar

    askgar Well-Known Member

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    Thanks for your response :)

    These aren't items for review, these are just getting to keep the items as a side benefit. I've also had a test where I had to purchase a gift card, which I was reimbursed for, but I was then free to spend the gift card as well.

    I appreciate this is quite a niche question but any insight you can give would be great,
     
  8. RedAlix

    RedAlix Active Member

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    Feeling rather pleased with myself ... Just completed my tax return. I usually leave it to the last minute and its the last thing you want to do after Christmas!

    I did have a little shock the other night when I started to fill it in, for some reason it said I owed over £4000 tax!! I was rather tired and couldn't work out what had done wrong. I waited a few days, mainly because I was worried it was correct, then sat down with a cuppa and worked through what I had entered. Somehow I managed to say on one of my part time jobs I had earned £21000 rather than £2100! I was rather relieved when I saw that mistake!
     
  9. katykicker

    katykicker I am a 20 something stay-at-home-wife from Essex. Staff Member

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    From what I understand, although this is in no way a guarantee that it is correct, is that any free items given to you for review or as freebies, don't have to be declared.
     
  10. Jon

    Jon Administrator Staff Member

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    just started mine, it is not pretty!
     
  11. Jon

    Jon Administrator Staff Member

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    gah HMRC

    You now get a 'message' email from them a few days after declaring and you then get the joy of logging in and seeing you have a bill to pay ;)
     
  12. RickyRaj

    RickyRaj Active Member

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    Still not had my dues, normally they pay in 2 weeks, it's been 3! ???
     
  13. RickyRaj

    RickyRaj Active Member

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    Apparently I had not clicked the 'Submit' button after printing off a copy of my return ::) TBH it is not clear that you have to do this. I rang them up and the operator said you should have a submission reference number. I logged back in and submitted my tax form last week and am pleased to say I have received funds :) :) :)
     
  14. RickyRaj

    RickyRaj Active Member

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    Finally got round to doing my 2016/2017 tax return on Saturday morning. Took about an hour.
     
  15. pauleen

    pauleen Well-Known Member

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    I really need to do mine i'm ok once i've started, I just hate doing it:(
     

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