Id just like to thank

[manker]

Ooo me knowing more than you

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

No you don't

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

[Jon L. Obscene]

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

Jonno

[manker]

Pish

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.

[manker]

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

Jonno

It says it on the notes that it came with.

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

[Jon L. Obscene]

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

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

Jonno

[Jon L. Obscene]

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

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

Jonno

[manker]

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

Jonno

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.

[Jon L. Obscene]

@MJPF......pwned

Fight fight fight fight fight fight fight fight fight fight fight fight fight


@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

[manker]

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.

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.

[manker]

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.

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.