Hoo-Bloody-Rah

In that case, unless you've got bank interest, I can't see why they
bother....

Ali

 

I think b) only applies if it's not done through your employers pay
role.

 

Not necessarily, ime. I am in my company's Stakeholder scheme, and yes, they
deduct my contributions from pay. *But* this is done net of basic rate tax,
not at my marginal rate of 40%. Siemens, otoh, who had a final salary
"company funded" scheme, deducted my pension contributions from my gross
pay, and then calculated tax accordingly on the taxable salary. So, those
were effectively net of my marginal rate. Depends on how it's funded and the
type of scheme, I think. It's worth checking: I'll lay odds there are a lot
of people out there who don't realise they aren't getting full tax relief
and are not claiming.

Ali

 

I've never been asked to do a tax return, despite being in the 40%
bracket for a while.

I think I should be doing one now though, as I'm claiming back more
than £2500 a year in expenses.

 

Are you self employed or employed? If the latter, then your company will
almost certainly have an "arrangement" with HMRC, and you should not need to
declare them, if that's what you mean. If, otoh, you mean you are claiming
mileage for your own cage, then HMRC may owe you dosh.

Ali

 

Yes, claiming for my own car. From a bit of checking if you need to
claim relief for less than £2500 you fill in a P11D form. Above that
and it needs to be a tax return.

What I can't find out is how I request a tax return for 05-06 when the
deadline is a couple of days away. Might just have to miss out on it
this year.

 

Hm. I don't think you mean a P11D? You need a short form tax return. OK, so
you claim a mileage allowance from the company, yes? Let's say it's 20 pence
a mile, for the sake of argument. You can claim the difference between that
amount and 40 pence a mile for the first 10K miles, and then the difference
between the rate and 25 pence a mile thereafter. Or are they paying your
petrol, 'cos it gets more complicatted if they are?

Oh, that's OK, you can claim retrospectively anyhow - I *think* up to six
years back. So, you probably need to go back some years. The deadline only
applies if THEY have asked you to fill in a return, if you see what I mean.

Ali

 

Ah. I don't earn that much.

--
Ivan Reid, School of Engineering & Design, _____________ CMS Collaboration,
Brunel University. Ivan.Reid@[brunel.ac.uk|cern.ch] Room 40-1-B12, CERN
GSX600F, RG250WD "You Porsche. Me pass!" DoD #484 JKLO#003, 005
WP7# 3000 LC Unit #2368 (tinlc) UKMC#00009 BOTAFOT#16 UKRMMA#7 (Hon)
KotPT -- "for stupidity above and beyond the call of duty".

 

Well, obviously I'm not (I'm an academic, remember?) and all my UK
investments are tax-free anyhow (ISAs, NSI).

--
Ivan Reid, School of Engineering & Design, _____________ CMS Collaboration,
Brunel University. Ivan.Reid@[brunel.ac.uk|cern.ch] Room 40-1-B12, CERN
GSX600F, RG250WD "You Porsche. Me pass!" DoD #484 JKLO#003, 005
WP7# 3000 LC Unit #2368 (tinlc) UKMC#00009 BOTAFOT#16 UKRMMA#7 (Hon)
KotPT -- "for stupidity above and beyond the call of duty".

 

No. I'm an academic, remember?

b) make pension contributions

Probably.

or c) do any business mileage?

I get paid travel expenses and agreed-rate (with the tax people)
per-diems when I'm overseas. The only time I managed to get a couple of
trips in on my own transport (before the DT175MX started packing up) CCLRC
paid me the agreed mileage rate and that was the end of it.

--
Ivan Reid, School of Engineering & Design, _____________ CMS Collaboration,
Brunel University. Ivan.Reid@[brunel.ac.uk|cern.ch] Room 40-1-B12, CERN
GSX600F, RG250WD "You Porsche. Me pass!" DoD #484 JKLO#003, 005
WP7# 3000 LC Unit #2368 (tinlc) UKMC#00009 BOTAFOT#16 UKRMMA#7 (Hon)
KotPT -- "for stupidity above and beyond the call of duty".

 

Wrong form. P11D is the one that work should do for me and give to me
when they give me my P60. P87 is the one for claiming tax relief.

Yeah, they pay mileage so I can claim the difference.

Handy to know, ta. I'm going to chat with the company finance girl on
Monday to find out exactly what I need to do. Usually she does it for
me, but I think I slipped through the net last year.

 

Here in the Land of Ey, everyone has to do one - irrespective of
earnings.
Personally, It's all rather complicated for this particular year in
terms of what was UK vs current.

However relief on interest is still available, so that's a rather good
incentive to fill one in. Also means a bit of money back if and when I
spend a gazillion pounds buying a 1-bed box.

I've got three months to do mine, yet I bet I won't get round to it
until the last minute.

 

I don't see the relevance of the expenses here.

Unless of course you're doing a lot of mileage in a private car and this
is expensed below the agreed inland revenue rates.

 

Yah, P11d is the company one that has things like health insurance - taxable
benefits. I've not used a P87, meself.

You can indeed.

Ah, OK in that case you may be sorted. But go for it - and I hope it proves
lucrative!

I've generally found HMRC to be pretty helpful on claiming when you've not
done it, if you see what I mean.

Ali

 

*ding*. That's the one that counts.

Ali

 

Don't expect it any time soon. I did mine before the September
deadline and when I rang them earlier this month they still hadn't
processed it.

I always intend to do it straight away, it's always the last week of
September.

Slacker.

 

Blimey. I did mine mid September, iirc, and got the refund about three weeks
later. Which tax office are you?

Yup, that's about my timescale. Sometime in September, so that they
calculate it and I can check it.

Ali

 

Hmm. The last time I did one (June 2005) I think it took them something
ridiculous like 3 days to cough up.

Guilty as charged.

 

Somewhere up North. Preston?

I keep an eye on it through the year, I'm usually spot on, I think
they owe me around a tenner.

 

Yes, that's the case. We get 25p a mile so I can claim relief on the
difference.