Cheers HMRC!
 

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[Closed] Cheers HMRC!

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Posts: 14314
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Topic starter
 

Self Assessment filed for first 3 months in business (ok, a little late - yeah, ok 12 months late) - had 9 months PAYE (+3 months PILON) to take into account too.

I was slightly concerned that as I'd hit 40% whilst in PAYE, that I'd be stumping up 40% on any earnings in the first 3 months of business.

Well, it turns out my accountant (me) is worth his money and they owe me £2300. Result!

Oh and yeah - all totally transparent and above board.

Not looking forward to the subsequent 12 months though, which is almost complete, but currently 11 minutes (and a £100 fine) late. Methinks me accountant might not earn his fee on this one.


 
Posted : 03/02/2012 12:13 am
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ho.. you should have filed on time and made an adjustment after the fact.. no fine..


 
Posted : 03/02/2012 12:15 am
Posts: 14314
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Yeah - too complicated to guess totalshell - will be done by the weekend and I'd rather 'get it right' and stump up a ton than faff about adjusting.

Doing my own VAT and SA for the last 2 1/3 years has probably saved me in the region of £1500, so I can stomach the odd fine when I'm a bit snowed under.


 
Posted : 03/02/2012 12:20 am
Posts: 65994
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Are they not allowing late submissions anyway due to the strike action? I tried to contact them twice today and didn't even get put on hold, just got "We cannot help you at this time" so it's pretty reasonable to suggest that you had some issue to resolve before you submitted them.


 
Posted : 03/02/2012 12:52 am
Posts: 14314
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Topic starter
 

Yeah - late submission is 2nd Feb. Should normally have been done by 31st Jan.


 
Posted : 03/02/2012 12:58 am
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I PAY MY ACCOUNTANT 500 QUID A YEAR AND HE SAVES ME **** ALL OVER WHEN I DID MY OWN


 
Posted : 03/02/2012 3:13 am
Posts: 7766
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Good to hear that you are busy having just made the jump into working for yourself.


 
Posted : 03/02/2012 5:07 am
Posts: 14057
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Well, it turns out my accountant (me) is worth his money and they owe me £2300. Result!

Keep hold of it, they'll get it back in the end - it's the law.


 
Posted : 03/02/2012 9:12 am
Posts: 23296
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got three letters from HRMC last week regarding 2010/11

First one I owed them £1200
Second one I owed them £375
Third one with a cheque for £175


 
Posted : 03/02/2012 10:59 am
Posts: 0
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Got a letter from them today...

Tax year Refund Due
2006-07 0.16
2007-08 12.88

WOOOO!!!!!


 
Posted : 03/02/2012 5:57 pm
Posts: 23106
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got three letters from HRMC last week regarding 2010/11

First one I owed them £1200
Second one I owed them £375
Third one with a cheque for £175

I hate to break this to you but you opened them in the wrong order 🙂


 
Posted : 03/02/2012 6:00 pm