Non-motoring > Tax Returns done Miscellaneous
Thread Author: Manatee Replies: 9

 Tax Returns done - James Loveless
I have literally just completed mine.

I always dread it in prospect and am always somewhat relieved that it's not too bad to do.

I have an Excel file set up to enter the various figures needed to arrive at the totals required - e.g. total income in rent from let property - and a note to remind me where to access those figures. I also download a copy of my current account statements for the relevant financial year, to avoid having to continually reopen them online.

Every year I get a modest refund - this time it will be £344 - so I don't understand why my PAYE (taken from my occupational pension) is always set too high (apart from the cynical idea that Her Majesty's government wishes to borrow tax-free money from me).

"... all yous who haven't got round to it yet, be consoled that the £100 penalty will not be enforced this year according to the boss, because of 'Covid'."

- I believe this is not quite right. You have until the end of February to file and thus avoid the penalty, but if you owe tax you will be charged interest.
 Messages Author Date
 Tax Returns done new Manatee 28 Jan 22 19:06
 Tax Returns done new Zero 28 Jan 22 19:20
 Tax Returns done new bathtub tom 28 Jan 22 19:31
 Tax Returns done new zippy 28 Jan 22 19:39
 Tax Returns done new Manatee 28 Jan 22 19:50
 Tax Returns done new zippy 28 Jan 22 20:19
 Tax Returns done new sooty123 28 Jan 22 19:33
 Tax Returns done new James Loveless 28 Jan 22 19:58
 Tax Returns done new Robin O'Reliant 28 Jan 22 20:38
 Tax Returns done new zippy 28 Jan 22 20:51
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