tinnitus Posted September 30, 2007 Author Posted September 30, 2007 you havnt got both then ? damm the renegotiating was booked as well is this some kind of employer tax dodge angus?
luggsey Posted September 30, 2007 Posted September 30, 2007 Tax "refunds" normally now are a discount on next years TAX, mine was anyway! Just a little tip for any sparks out there, I used to claim for washing logo'ed firms clothing, there is an agreed tax break on this (was, I haven't claimed it for a while) that was worth about ----------------------------------------------------------------------------------------------------------------------------------- Life is like a box of chocolates, some bugger always gets the nice ones! My Amateur Radio Forum
tinnitus Posted September 30, 2007 Author Posted September 30, 2007 Tax "refunds" normally now are a discount on next years TAX, mine was anyway!Just a little tip for any sparks out there, I used to claim for washing logo'ed firms clothing, there is an agreed tax break on this (was, I haven't claimed it for a while) that was worth about
barooga Posted September 30, 2007 Posted September 30, 2007 this will realy p me off luggsey. i am thinking this might happen too. If you have to fill in a tax return you can have the refunds, if due, paid sraight to your current account. You have to select this option and it is easy to miss - devious ploy on their part. Growing old is mandatory, growing up is optional
amateurandy Posted September 30, 2007 Posted September 30, 2007 If you have to fill in a tax return you can have the refunds, if due, paid sraight to your current account. You have to select this option and it is easy to miss - devious ploy on their part. I'm not sure it's devious, it's actually aimed to spread the payments if you're on PAYE anyway by adjusting the next years tax code to recover what's due - remember no interest is charged on it that way. Personally I always deliberately chose to settle up each year, it just made the accounting easier and I reckoned that in the long run it evened out. But when you're self-employed there's a whole new set of rules, payments on account etc.
tinnitus Posted September 30, 2007 Author Posted September 30, 2007 I'm not sure it's devious, it's actually aimed to spread the payments if you're on PAYE anyway by adjusting the next years tax code to recover what's due - remember no interest is charged on it that way.Personally I always deliberately chose to settle up each year, it just made the accounting easier and I reckoned that in the long run it evened out. But when you're self-employed there's a whole new set of rules, payments on account etc. i would have thought once they changed my tax code, the next pay would have what was taken back in it.
amateurandy Posted September 30, 2007 Posted September 30, 2007 i would have thought once they changed my tax code, the next pay would have what was taken back in it. It's not that common to change the tax code significantly for the current year unless there's been a mistake or major change. Small adjustments do happen though, especially if you phone them up to correct something. If it does change there are rules the employer is supposed to follow which depend on whether you're paying more or less tax after the change. I think you can get a refund in one lump if your tax reduces, but if it goes up they're supposed to not take it in one hit if that would cause hardship.
Guest anguscanplay Posted September 30, 2007 Posted September 30, 2007 i would have thought once they changed my tax code, the next pay would have what was taken back in it. somebody has to subsidies all us self employed chaps - chee`rs mate
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