Isn't the Tax Man great!

[Hilldodger]

Just had a call from the tax man about my self assessment - which I still haven't sent in

I'm currently self employed but sometime this year will become employed by Cyclemagic once all of the PAYE paper work is sorted out.

The Tax Man said, OK, no problem, I can understand you must be busy, get your self assessment in by the end of March and we won't charge you the £100 for being late

 

[downfader]

Just had a call from the tax man about my self assessment - which I still haven't sent in

I'm currently self employed but sometime this year will become employed by Cyclemagic once all of the PAYE paper work is sorted out.

The Tax Man said, OK, no problem, I can understand you must be busy, get your self assessment in by the end of March and we won't charge you the £100 for being late

I must phone them about becoming a sole-trader or whatever its called. I want the ability to sell prints and got semi-pro with the photography.

 

[Hilldodger]

Give your local Business Link a call - they'll give you all the advice you need and can probably put you through basic accounting courses, too.

 

[Shaun]

I got a refund this year - first one in ages.

Mind you, I've learned from experience and squirreled it away because I can guarantee they'll want it all back again next year!!

 

[accountantpete]

The Tax Man said, OK, no problem, I can understand you must be busy, get your self assessment in by the end of March and we won't charge you the £100 for being late

Sorry Hilldodger but unless you started self-employment in the current year (09/10) you will get fined and interest will be charged on any tax due but unpaid.


Being busy is not an excuse unfortunately

 

[Hilldodger]

The tax person himself said I won't be charged as I won't owe any tax anyway.

And the £100 fine is discretionary for up to the first 2 months - according to my tax lawyer sister - also I/Cyclemagic have been in consultation with them over a number of charity/not-for-profit issues that have delayed our beginning PAYE..

 

[rusky]

FIL had a "I'm" fining you £100 for a late tax return!

He also got a letter earlier in the year thanking him for his tax return!

 

[longers]

Is the tax man working on a sunday and not out riding his bike instead?

 

[accountantpete]

The tax person himself said I won't be charged as I won't owe any tax anyway.

And the £100 fine is discretionary for up to the first 2 months - according to my tax lawyer sister - also I/Cyclemagic have been in consultation with them over a number of charity/not-for-profit issues that have delayed our beginning PAYE..

The fine cannot exceed the tax due - so if you don't owe any tax then it will be zero.