Just paid my income tax

[Dr Bill]

i221.photobucket.com/albums/dd161/GWDAdmin1/Smilies/Default/angry.gif

I hope I will never have to do it again!

[farmersboy]

Income tax,whats that,i havent paid any since i retired,i dont get enough income ;D

[Tig]

I pay income tax on my pension because it is just over my personal allowance

Perhaps I should try claiming unemployment benefit instead ;D

[Dr Bill]

I shall still pay tax on my pension but it will be deducted at source - less painful somehow

[Auricula]

I've never had to fill in a tax form ( always deducted at source) OH always does his as soon as it comes in - in the summer sometime

[Barbara]

When I was a childminder I was self employed ,(obviously). I used to pay an accountant £400. a year to do all my books because I used to get all worked up doing it myself,. when I sent in the returns I would be in state in case I had done something wrong AND when I got the tax bill I was always Convinced I had. ;D ;D ;D. so

[Auricula]

We always get a rebate - so regularly that we now rely on it.......dangerous I know ;D ;D

[Deleted]

Jan 26, 2010 17:51:28 GMT Auricula said:

We always get a rebate - so regularly that we now rely on it.......dangerous I know ;D ;D

Hmmmmm......we can soon put a stop to that ;D

Dr B - Try to think of your income tax as a "personal contribution" to the funding of the NHS.

FA x

[Jasmine]

We always owe money and we are both PAYE - how does that work then?

[Deleted]

There are any number of factors that could affect the amount of tax you pay via PAYE. Without specific details it's too difficult to offer you an explanation.

FA x

[Jasmine]

Ah well, someone works it all out. We always have a bit of a laugh as we are never owed money. My payslips from when I was signed off sick are complicated enough.

[Auricula]

Only joking FA.................honestly ;D

[Ruthie]

OH's accountant worked it out and said he owed over £300 tax in January. He was gutted as he's paid on account AND been deducted tax at source by the company he sub-contracts to last year. I had a look, phoned the accountant who had not taken account of the tax deducted at source. Upshot, a revised calculation meaning OH not only doesn't have to pay any tax in Jan or July but he gets a refund!! Bl**dy good job too as he was weeks and weeks without work last year.
I wonder what he'll buy me with his refund........................

[Spruance]

Jasmine, thinking back to when I used to do the company payroll, such like as company car benefits and other benefits in kind can in extremis give you a K-prefix tax code whereby the amount of your taxable benefits in the previous year exceeds the value of your personal allowance for the current year and hence you owe FA ;D ... ahem... HMRC, for the difference and which is apportioned against your salary on a monthly basis.

From my own point of view it is quite some time since I needed to fill out a personal tax form - thank goodness. i221.photobucket.com/albums/dd161/GWDAdmin1/Smilies/Default/smiley.gif

[Jasmine]

Thanks Spru - I bet that explains OH owing money as his benefits and deductions are hugely complicated even for a PAYE person. No car involved sadly though.