IR, still no word

[Seahorse]

I sent off my IR form about a month ago, still no word.
I assume Im gona get some kind of acknowledgement.

Anybody else waiting?

[Soapwitch]

I'm not sure that they send acknowledgements. I don't remember getting anything from them until they were asking for a tax return.

I could be wrong though, I have a head full of soap!

Leanna

[Seahorse]

Okey Doke, I hope thy do send the tax return form soon as I really need to have a look and work it out way before I need to hand it in.
I read that if you want them to work it all out it has to be handed in by September, not Feb the next year.

[Annette]

Seahorse - ring them if you are concerned, don't leave it as the onus is on you and not them. There are contact numbers on their website.

[0103media]

Seahorse - ring them if you are concerned, don't leave it as the onus is on you and not them. There are contact numbers on their website.

Yep ring them..

You arn't going to be sent anything for a long time.. maybe 6months..

[Tip Top]

If you've done it online, you get an email confirmation. But if you've done it on paper, then I don't know.
But! I do know that they never send anything unless they want something and then no reminders!!

So you need to be on the ball and organised!! :)

[colourart]

I sent my details about 6 weeks ago and heard from them either, so thanks for the thread its very useful.

[littlesnuggler]

I got a letter from them saying that they would send me a tax return and I haven't heard anything since. Thanks for posting this thread, you've just reminded me to chase it up.

[Annette]

Last Wednesday I did the Self Assessment Workshop at Revenue and Customs in Launceston. I was the only one there and it lasted 3 hours (normally 4 1/2 hrs!). It was excellent for me, it brings everything home to you about how organised you need to be if you are doing your own return. Or it was make you decide that you need an accountant. I can't afford to pay someone else to do it, so that's that!:mf:

The workshop is free of charge. You go through a pretend form and by the end of it, it didn't look quite so frightening. LOL

[Seahorse]

Il have a look into that Annette, never know the right words ot type into google.

[Annette]

www.hmrc.gov.uk:mf:

[Seahorse]

www.hmrc.gov.uk:mf:

Too...much...in...for...mation...must....learn.... .must..work..out ..diff..er..ence ...between...net....and gross......mind...melting.....word...overload..... .its ...tooo ...late..for me.....save ...yourselves!!!!

[swirlyarts]

It's why I leave it all to Matt and the accountant!!

[EMEvans]

The Inland revenue are normally 6-8 weeks behind. But like previouly advised it's worth giving them a ring to make sure they are dealing with it.

[mjbelkin]

Too...much...in...for...mation...must....learn.... .must..work..out ..diff..er..ence ...between...net....and gross......mind...melting.....word...overload..... .its ...tooo ...late..for me.....save ...yourselves!!!!

What do you need explaining?

Net is without VAT, gross is with VAT

Net pay is after PAYE and NI has been deducted, Gross pay is before.

Give up on the website - its rubbish :pc:

[mjbelkin]

The Inland revenue are normally 6-8 weeks behind. But like previouly advised it's worth giving them a ring to make sure they are dealing with it.

Do chase it, even if its just to reassure yourself.

You'll also find that when returns are due, you may have handed it in on time, but if they haven't logged it into the system, then the computer will automatically issue scary notices, just to keep your blood pressure high :mummy:

We see this all the time at work :horse:

[Katianne]

I only got my forms through at the end of last week. It took about 6 weeks for them to come.

[mjbelkin]

I only got my forms through at the end of last week. It took about 6 weeks for them to come.

Sounds about right - they don't rush themselves :mummy:

[EMEvans]

What do you need explaining?

Net is without VAT, gross is with VAT

Net pay is after PAYE and NI has been deducted, Gross pay is before.

Give up on the website - its rubbish :pc:

Just thought i'd add - you only use the net (without VAT) if you are VAT registered, otherwise you use the gross.

[Seahorse]

Thanks for the inof MJ and EM.Ive written it in my notes.
So as Im not vat registered I will include vat(gross).

Im hoping this will make sense when I get the forms!!

[colourart]

Received confirmation today from IR, funny how when you talk about something it turns up.

[JBJB]

I'm no expert on financial matters, but if you're employed by somebody (I'm assuming you are) don't you have to take into account your earnings from them etc....? Don't they do your tax return for you? I thought it was only self-employed people who did their own returns?

I've probably got it completely wrong, but thought it was worth mentioning....

[mjbelkin]

If you have any income from an untaxed source, or you are a higher rate tax taxpayer, or you are director of a company, then you must fill in a self-assessment form, and it is your responsibility to inform the Revenue.

[EMEvans]

I'm no expert on financial matters, but if you're employed by somebody (I'm assuming you are) don't you have to take into account your earnings from them etc....? Don't they do your tax return for you? I thought it was only self-employed people who did their own returns?

I've probably got it completely wrong, but thought it was worth mentioning....
If you are employed and not receiving any other means of 'self employed' income then there's no forms to fill in.

If you are employed and receive money from self employment i.e from selling your craft work then you have to inform the Inland revenue as you are receiving an income that isn't declared or taxed. Thats why you have to fill in a tax return.

Hope this makes sense.

[mjbelkin]

If you are employed and not receiving any other means of 'self employed' income then there's no forms to fill in.

That's not strictly true - if you are a higher rate tax payer, and receive interest on a bank account, then you have to fill in a self assessment form because the interest will have been taxed at basic rate instead of at higher rate.

Basically, you have to fill in a self-assessment form if you have any income from an untaxed source, or you are a higher rate tax taxpayer, or you are director of a company.

Those are the Revenue's rules.

You can also complete a repayment claim if you have a source of income that is taxed at too high a rate - such as trust income.

[EMEvans]

Sorry - left out that part. It's been a long old day and my brains a bit mushy after having a work experience girl all day.

I'm hoping tomorrow will be a better day, although thinking about it it will probably be worse as i'm explaining DIY self build VAT claims ARGHHHH !!!!!!!!!!!

[mjbelkin]

If you think that's bad, you should see some of our clients - "No that romantic safari to Kenya can not be claimed as a business trip" :mad:

Suffice it say, these are clients that we got rid of.

[icecreamgirl]

That's not strictly true - if you are a higher rate tax payer, and receive interest on a bank account, then you have to fill in a self assessment form because the interest will have been taxed at basic rate instead of at higher rate.

Basically, you have to fill in a self-assessment form if you have any income from an untaxed source, or you are a higher rate tax taxpayer, or you are director of a company.

Those are the Revenue's rules.

You can also complete a repayment claim if you have a source of income that is taxed at too high a rate - such as trust income.


Higher Tax Bracket??????????????????
Who's the lucky so&so that is earning enough to be in that club then haha
Have to sell a lot more ice cream to worry about that me thinks..
Well maybe one day.....

[mjbelkin]

Higher Tax Bracket??????????????????
Who's the lucky so&so that is earning enough to be in that club then haha
Have to sell a lot more ice cream to worry about that me thinks..
Well maybe one day.....

Not me :nopity:

Hmm, ice cream :p

[0103media]

Higher Tax Bracket??????????????????
Who's the lucky so&so that is earning enough to be in that club then haha
Have to sell a lot more ice cream to worry about that me thinks..
Well maybe one day.....
eh ?
I'm lost on that post..

All income has to be declared.. All bank interest, if you have stocks/shares... everything bar "tax free" thing like premium bonds or lottery/gambling winings...

Of course it works the other way around too.. Credit card interest/charges etc.. overdraft charges... travel.. tea/coffee..

[icecreamgirl]

I thought they were talking about when you are employed- the tax you pay is relevant to your earnings. Being in a Higher tax bracket means that your wages are over a certain amount dosn't it? I know someone who is in it but he earns about 60,000 a year, so it means you pay a much higher tax through PAYE to the tax man.
That's what i thought anyway.
I do declare everything i earn, but i would still never be in the Higher tax bracket, that's what i meant.
Maybe i got the wrong end of the thread?

[0103media]

No ignore me LOL.

mis read hehehe

[mjbelkin]

All of your income is lumped together, and if you go over the higher rate band, then you pay it.

You don't get separate bands for each type of income you have.

[icecreamgirl]

All of your income is lumped together, and if you go over the higher rate band, then you pay it.

You don't get separate bands for each type of income you have.

Nope... still not gonna be in the higher tax bracket...
And there's only dust under the bed i can assure you....

[Seahorse]

With regards to the above, if, for som eamazinng reason my pay were to put me into a different tax bracket, would my current employers have to be imformed?

I havnt told them about my plans and as far as I know i dont have to but is there a chance they could find out someway?

[icecreamgirl]

As long as the taxman knows about all your earnings that's all you need to worry about, you don't need to tell your employers (i don't think)
Just out of interest why don't you want to tell them?

[mjbelkin]

Your employers are only entitled to know about the income you get from them.

Any other income you get is nothing to do with them.

[Seahorse]

Just out of interest why don't you want to tell them?

I dont know how it would be received.
Im a fraidy cat most of the time, one negative comment from them is likely to plummet my confidence to an all time low and il quit the whole business idea.

Plus I have to say apart form 3 people I havnt said anything to anyone about my business plans, my 'inside my head' world and the real world are very very seperate.Would seem odd talking about it out loud.

Goodness, I sound weird!!

[icecreamgirl]

Not weird, i know what you mean, but you will have to tell people about it soon otherwise you won't get any customers!!!!!
It will all be wonderful you'll see...:)

[swirlyarts]

If it's all along the lines of the bracelet you sent to me then it will be fab :D I get loads of people commenting on it when I wear it - you will have to get organised so I can tell people where to buy your stuff!!

[Seahorse]

Ahh, thanks.
Im making variations on yours, sometimes all beads and one pic, or plain chain with embellishments.

[Seahorse]

Just receievd aletter of acknowledgement form the IR and a 'contributions' form to fill in and return.....

...and the fun begins.

[purplerhian]

I saw your post the other day and it made me realise I hadn't had mine either, but it turned up to day, with a handwritten label for my address - with my previous address printed underneath. They have known my new address for ages - I have lived here 18 months!!

But I was just going to say - try calling them - whenever I have they have been very helpful and friendly. There are lots of different helpline numbers on the website.

[Seahorse]

I received a booklet form the HMC&E at the weekend, very interesting.Had info and relevant phone numbers.
I was actually excited at the thought of reading it!