Phew - Just done my tax return !

Mr Jack · 31 Jan 2008 at 13:16

Rich1988 said:
Who has to do this? I have never had to do it before I have worked this year just wondering whatthe thresholds are etc?

If you work a normal job, and don't have big earnings from outside sources you don't need to do one.

mattpc · 31 Jan 2008 at 13:48

Admiral Huddy said:
I was all done by the end of last July. I have no idea why people leave to the last minute!

good for you, it's called organisation. Some of us lack it- myself included. Although I got it in a couple of weeks before the deadline this year which was good for me.

Mark M · 31 Jan 2008 at 13:52

I work for a firm of accountants and we have plenty of idiots bringing them in today as they had "forgotten" about the deadline.

Gilly · 31 Jan 2008 at 13:58

You have no idea how many thousands have been done today. It is no wonder that people are complaining they haven't been able to do it online.

GreenMint · 31 Jan 2008 at 14:06

Did mine nice and early! 3rd Jan

Now to tell the tax people due to this year being crap i'm unable to pay it

Dangerous · 31 Jan 2008 at 14:19

Morba said:
are you self employed?
are you vat registered?

If no to both, ignore it, your employer will have it sorted for you.

Yes
&
No

How will this help me then? I've only just registered as self employed? I'm full time paid as well.

Morba · 31 Jan 2008 at 14:49

Dangerous said:
Yes
&
No

How will this help me then? I've only just registered as self employed? I'm full time paid as well.

I would imagine that yours wont be an issue as your company year would have only just started, have you set up the PAYE scheme? If not, wouldnt worry too much.
Have you got an accountant or are you doing everything yourself?

What industry and what are you actually doing, have you checked to see if you can utilise the flat rate scheme when invoicing your customers?

Dangerous · 31 Jan 2008 at 14:57

Morba said:
I would imagine that yours wont be an issue as your company year would have only just started, have you set up the PAYE scheme? If not, wouldnt worry too much.
Have you got an accountant or are you doing everything yourself?

What industry and what are you actually doing, have you checked to see if you can utilise the flat rate scheme when invoicing your customers?

Don't have an accountant but been told it’s worth it as they will save me the fee anyways.

I'm a freelance cinematographer as well as working full time as IT Admin. There is only me so no PAYE and not VAT registered either

4p · 31 Jan 2008 at 15:00

Can someone kindly explain what this is all about?

Morba · 31 Jan 2008 at 15:23

Thorpy said:
Can someone kindly explain what this is all about?

Do you work for someone else, you get paid weekly or monthly as a normal employee? if so, ignore the thread

Morba · 31 Jan 2008 at 15:26

Dangerous said:
Don't have an accountant but been told it’s worth it as they will save me the fee anyways.

I'm a freelance cinematographer as well as working full time as IT Admin. There is only me so no PAYE and not VAT registered either

How are you planning on paying tax if it is not by PAYE for your second job? There might be another way, but i am unsure about it.

Accountants are deffo worth it if they are good ones, I use sjdaccountancy, well worth the money in my circumstances :]

FreeStream · 31 Jan 2008 at 16:06

Ummn, when do you have to start filling in a tax return form!?

I love the way schools teach you everything you need to pass exams but not how to keep HMRC off your back :roll

Dangerous · 31 Jan 2008 at 16:10

sjdaccountancy is £1400 per year

Morba · 31 Jan 2008 at 16:20

Dangerous said:
sjdaccountancy is £1400 per year

Yep, but they will save me atleast 10x that each year

Dangerous · 31 Jan 2008 at 16:24

I'm not on that level yet

panthro · 31 Jan 2008 at 17:00

Dont you have to do a tax return of some sorts if you earn over £38,999 or thereabouts, and are employed by a company (not self employed)?

Roland0 · 31 Jan 2008 at 18:29

Its only if your self employed, if you work for a company tax is done "though the books"

spoonz · 31 Jan 2008 at 19:28

Stoned_SpaZZZ said:
Its only if your self employed, if you work for a company tax is done "though the books"

No its not. Im employed PAYE and ALWAYS have to do a tax return because im over the threshold

spoonz · 31 Jan 2008 at 19:29

Dangerous said:
sjdaccountancy is £1400 per year

Im considering SJD.

How are they with IR35? Any tips to avoid getting trapped?

AtreuS · 31 Jan 2008 at 20:19

Gave mine in on monday. I owe about £215 so ill just pay em 80ish a month for the next few months and pay the interest on it.