To All Abers - Income Tax Is Due.....

[DTCwordfan]

Just a reminder to all of you - if you haven't done this already - your tax is due in by the 31st, so effectively you have 2 weeks now - that's not posted but in their offices - so too is any on-line filing or you risk the £100 fine and all the rest if you decide to prevaricate.

I do not work for the Bs or am paid by them......

[Sqad]

DTC......to all UK Abers.

My tax is not due until July (1st part) and Nov (2nd part)

[pixie373]

Thanks. Ours is done:-)

[sunny-dave]

People on 'self assessment' shouldn't complain - most of us are on PAYE which means we pay tax every month when we are paid, rather than at some point several months/years down the line.

We also get taxed on everything we earn, rather than a random amount after deducting any number of nice allowances ...

[DTCwordfan]

lucky you Sqad - I should have clarified ABers in the UK - though surely your on-line filing deadline is 31.01?

[Peter Pedant]

Thanks DTC - my acct goes mardy if he doesnt have my accounts Oct 31st and then waits for next week to tell me how much

( I pay - not get back....). His fee notes are n't as last minute I can tell you.

[Sqad]

DTC...no...I pay Spanish Tax.and returns have to be in by May.

[pixie373]

I don't think we're complaining, sd. I wouldn't like to change back from self-employment now. Also, a lower rate of NI (is it NI? Pay 6% instead of 9%).

[DTCwordfan]

still time to win the Euros or that huge Spanish lottery then, Sqad.... Is lingerie tax deductible in Spain - it is in the USA....the state sales tax is deductible off your federal tax.

[sunny-dave]

Exactly so Pixie - but to hear some people squeak you'd think the world was ending just because they have to do a bit of form filling :+)

[Sqad]

DTC.......LOL.

[Peter Pedant]

Sunny Dave Brown a few years ago changed it all to current year taxation - thus getting himself two years tax payments in one year

hem hem surely that wasnt the only point....

and You SUnny - you lucky fellow - are now on RTI (real time information) now so your month by month tax payment is adjusted as you go along....


God I am so used to having to fill out a tax form ( five years worth in 1985 )
I cant imagine what it is like only to be on PAYE
( actually my first reaction would be 'the govt is conning you' )

[DTCwordfan]

they are - they get the Treasury advantage of using the money on overnight markets where the interest rates are unbelievable - just as any company treasury of a major company does with 'upfront' cash....or the banks do with money in the clearance system - it's how they can afford to give 'free' current a/c banking......In the States, you deposit a cheque and the funds are immediately alive - however, you pay service charges.

[Zacs-Master]

I'm PAYE now thank goodness. Always hated doing my own returns or paying my accountant £200.

[lady-janine]

Thanks DTC i've nearly finished it.

[SIRandyraven]

P85 was completed when I left UK and wiping my feet on way out.
Got a very nice rebate also, because I left part way in tax year and the HMRC had been expecting me to stay.
Moved from paying tax at a marginal rate of 35% in the UK , to 11% where I am now. So nice to keep a larger portion of the money you work so hard for.

[joeluke]

31st Jan may be the date returns have to be in by but HMRC give you a few days grace to allow for postal delays etc

[Peter Pedant]

The HMRC usually arent that nice in my experience Joe

and thanks again DTC

[joeluke]

Peter P........I used to work at HMRC and in our office people were given until 3rd/4th Feb to get returns in before receiving any late penalties

[jno]

I do not work for the Bs

you must be almost alone in that...

[DTCwordfan]

lol jno - not directly so anyway.....