Id just like to thank

Ah I did'nt see the link :rolleyes: Sorry bout that, looks like they raised the llowences now then, actually if I remember right they done that last year, lol that reminds me, I gotta do my tax returns :ph34r:

Jonno :cool:

They do it most years :blink: :unsure:

@RF......Yeah but they made a major shift in the allowences, last tax year it was £1500 you paid 10% on and 27,000 before high rate, they actually gave us a break :)

@MJPF.......Yeah thanks for that :frusty: the only thing that does is they work out how much you gotta pay, usually do that as I fill in the form anyway, does'nt take much :) I'll do it after xmas like last year :01:
I spose it would be a good idea to pay last years bill too :ph34r:

Jonno :cool:

The end of September thing is bollocks, when you think about it.

They work the tax out whether you put a figure into the box or not. If you've done it incorrectly they will correct you, send you a letter about it and ammend your bill accordingly. They mislead you into getting your form in early cause they get all stressed and overworked in January, I reckon.

Bah! taxmen!! (Sorry, RF ;) )

I dissagree with the reason there Manky, I reckon it's to get it all sorted and get your money early, ok so your few grand wont make much difference but 10 million people's few grand earns a lot of interest in the bank ;)

Jonno :cool:

Quote:

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Originally Posted by Jon L. Obscene

I dissagree with the reason there Manky, I reckon it's to get it all sorted and get your money early, ok so your few grand wont make much difference but 10 million people's few grand earns a lot of interest in the bank ;)

Jonno :cool:

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:lol:

OK, Jonno :)

Quote:

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Originally Posted by manker

The end of September thing is bollocks, when you think about it.

They work the tax out whether you put a figure into the box or not. If you've done it incorrectly they will correct you, send you a letter about it and ammend your bill accordingly. They mislead you into getting your form in early cause they get all stressed and overworked in January, I reckon.

Bah! taxmen!! (Sorry, RF ;) )

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Im not a Taxman...















They're just in same Dept :(

i filed my taxes for the first time.. .and i got nothing back cuz i owed my boss at the time so much money that he got all my tax return. :(

:blink:

Quote:

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Originally Posted by Rat Faced

Im not a Taxman...









They're just in same Dept :(

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:01: :D

Good news and bad news I suppose :unsure:

I shouldn't generalise anyway. I'm sure there are some perfectly decent taxmen. I look forward to meeting one IRL.

I don't do them either.


Funnily enough though they never return any tax to me either :(

@Manky.....What? how much interest does the tax office gain by getting a figure like , say 2 grand per person, 10 million people do it early, so that/s £20,000,000,000, how much interest would they get on that over 4 months?

I got em sussed ;)

@RF.......What do you do then? :blink:

Jonno :cool:

Im a Civil Servant Jonno :P

Quote:

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Originally Posted by Jon L. Obscene

@Manky.....What? how much interest does the tax office gain by getting a figure like , say 2 grand per person, 10 million people do it early, so that/s £20,000,000,000, how much interest would they get on that over 4 months?

I got em sussed ;)

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Exactly, mate. I was having a joke with my stressed out comment. :D

No doubt it does help with staffing issues to have them staggered throughout the year but revenue collection is the biggest aim.

The money isn't actually due until Jan 31st no matter when you submit it but no doubt most people pay up on the first demand as it's a bit frightening getting letters from the Tax people.

I guessed that :rolleyes: You wer'nt gonna be a rig worker in the same place as tax office :frusty:
I mean what you do? :)

Jonno :cool:

Surveyor

Quote:

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Originally Posted by manker

The money isn't actually due until Jan 31st no matter when you submit it but no doubt most people pay up on the first demand as it's a bit frightening getting letters from the Tax people.

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Ooo me knowing more than you :01:

Your return MUST be in by Jan 31st or you get a £100 fine, the payment must be paid by Sept 30th the following year unless it's below a certain amount and you wish to add it to the following years :)

And yes, I know it's partly to do with staffing probs, but my theory makes em sound nastier :devil:

Jonno :cool:

@RF....Ahhh I see :) Fair enough, that would explain your hovering before posting sometimes :lol:

Offices, Shops, Factories, Houses, Land...

If it dont move, i'll measure it :P

Quote:

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Originally Posted by Mr JP Fugley

They don't often get the money early, most people are PAYE.

The only time they get the money early is when they end up paying a rebate. That way someone has paid too much in advance.

They would be seriously happy, nay ecstatic if everybody just payed the right amount at the right time.

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PAYE is a perfect example of the Inland Revenue getting their money early.

Also the current Self Assessment scheme requires self employed folk to pay next years tax on account. I'd say that due to timing shenanighas 95% of people in the UK pay their tax early.

Value...

What else :blink:

Quote:

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Originally Posted by Jon L. Obscene

Ooo me knowing more than you :01:

Your return MUST be in by Jan 31st or you get a £100 fine, the payment must be paid by Sept 30th the following year unless it's below a certain amount and you wish to add it to the following years :)

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No you don't :P

Your return must be in by 31st Jan but you don't get fined unless it shows that you owe them money or if it's a Partnership return.

The due date for payment is always Jan 31st unless it's the second payment on account in which case it is July 31st. September 30th is only significant if you want them to work out the tax for you, it's not a payment deadline of any sort ;)

That's not what it says on this tax return I have :blink:
What do you do for a living? :)

Jonno :cool:

Quote:

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Originally Posted by Mr JP Fugley

Pish

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No it isn't.

The company you pay your PAYE to doesn't have to submit it to the Inland Revenue until May 21st after the end of the current tax year.

This would cause problems for the company in the long run but technically they (IR) cannot impose any fines upon the company until then.

Quote:

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Originally Posted by Jon L. Obscene

That's not what it says on this tax return I have :blink:
What do you do for a living? :)

Jonno :cool:

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It says it on the notes that it came with.

For a living I mostly read Inland Revenue literature :hawt:

Quote:

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Originally Posted by manker

Also the current Self Assessment scheme requires self employed folk to pay next years tax on account. .

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No it does'nt, I hav'nt paid last years yet and I was self employed :unsure:

Jonno :cool:

Quote:

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Originally Posted by manker

For a living I mostly read Inland Revenue literature :hawt:

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:lol: You know what? that would'nt suprise me in the least :lol:

Jonno :cool:

Quote:

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Originally Posted by Jon L. Obscene

No it does'nt, I hav'nt paid last years yet and I was self employed :unsure:

Jonno :cool:

---

If your tax bill was over five hundred quid then you are required to pay that amount spread over two payments on account of next year's bill. You can submit an SA303 if you have some reasons why that shouldn't be, like if you're not self employed anymore.

@MJPF......pwned :01:

Fight fight fight fight fight fight fight fight fight fight fight fight fight :01:


@Manky.........Wer er, I know what I know having been self emplyed for 4 years :) I know what I know, you know what you know :)

*runs round girly like hopeing to avert a fight*
hehehehehehehhehehehehehehe

Jonno :cool:

Quote:

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Originally Posted by Mr JP Fugley

How is it an IR rip off.

You pay as you earn. However the employer does not give it to the revenue until the end of the tax year.

So you are cool, you pay as you earn
The IR are cool, they get it when it's due.
The employer is cool, they have your money to pay to the IR.

I say again your contention that it is a rip-off is pish.

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Because the IR require it monthly throughout the tax year, this is technically before it is due so you cannot use it for your purposes.

I didn't say it was a rip off, btw. It is a very logical and workable scheme. I said that it was an example of the IR getting their money before it is due. Which is most definitely not pish.

Quote:

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Originally Posted by Mr JP Fugley

Nonsense.

You are discussing PAYE, which is personal taxation and using the rules for businesses or self employed people which are annual returns.

PAYE is just that, pay as you earn. 714, SC60, Business tax etc are an entirely different matter.

You are a reader of manuals and a talker of pish.

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I'm sure of the rules regarding both PAYE and SA. Completely sure.

714 and SC60 do not exist, btw.

Upon reading a manual or two you will find that what i've said is not pish.

Ok guys guys guys, come on, tax ain't worth arguing over :)

I think it largely comes down to your own experience, what I said comes from mine, MJPF's from his and Manky's from his, so we all do things different, thats what makes us human :)

Jonno :cool:

Quote:

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Originally Posted by Mr JP Fugley

Feckin accountant, hoist by your own petard.

The only thing worse than a tax dodger, a tax dodging adviser.

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:lol:

Teh insinuation! Where is that fecking angelic halo smiley :rolleyes: