Oh my blinking blimey.

That'll learn me.

Went to do that tax return thingy online.

Didn't have a UTR number.

Phoned 'em up, and asked for one.

They've still got my old address.

Get letter from IR today, expecting shiny new password for online
filing.

What do I get?

A demand for 3 tax returns, and £650 in penalties and interest!

I think a simpering 'phone call might be in order tomorrow. =8-0
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\ |^| / IbW#0 & KotIbW# BotTOS#6 GP#4
\|^|/ ANORAK#17
'^'

 

^^^^^^^^^^^^^^^^
You seem to have mispelled "runner"!
Seriously though, commiserations on this. The IR are like a dog with a bone
sometimes. It can be years before they get off your back after a lapse like
this, asking for paperwork you can't even rember having seen, never mind
have to hand. I bite the bullet and pay an accountant to do my return now.
Saves more than it costs too.
Hope it all goes well.
JB

 

Aren't they all motherfuckers?

I remember this time last year getting a demand for £5000 payable
*within 30 days*

Stressful? I fair near shat a kidney, I can tell you.

Thankfully the helpful 'and yet obstructive due to "process"' halfwit on
the other end of the phone sorted it out and it ended up being around
1/5 of that.

Best of luck.

 

And an accountant immediately afterwards.

In all the time I have used an accountant they have never failed to save me
more money than their fees.

 

<snip stuff about wife getting money for business from gumbint and
quibbling about having to pay £50 to the IR>

Is there anyone in this world that you actually like?

 

They'd struggle with me.

The £650 they're after is *way* more than I owe on any extra interest.

The helpline thing suggests if the tax due is less than the fine, then
that's all they'll take.

<crosses fingers>

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\ |^| / IbW#0 & KotIbW# BotTOS#6 GP#4
\|^|/ ANORAK#17
'^'

 

After 12 months they *should* have adjusted your PAYE code over
subsequent years to recoup the debt, unless you're currently on a K400
(or worse) code raise this with them as a bargaining point.

 

<AO-feckin'-L>

In 1987 we moved house, mail wasn't forwarded, and the Inland Revenue
moved offices as well. First I knew about the chaos was a massive tax
bill, and unending hassle for years afterwards.

Hire accountant, throw everything at accountant, he sorts it out, tells
me all sorts of things I can claim which I never knew about, sends me
bill for a trifling sum (less than he saves me in tax), worries over.

 

Heh. Read this just after writing my reply to original posting.

 

Heh. Did mine by May. Got my refund early too! (Almost worth a
smiley).

 

Well, being an underpaid oik, it never occurred to me that I might owe
'em.

I would have, had they sent me one. Honest.
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| ___ Salad Dodger
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_/_____\_ GL1500SEV/CBR1100XXX/KH500A8/TS250C
|_\_____/_| ..62661../..14297.../..3157./.19406
(>|_|_|<) TPPFATUICG#7 DIAABTCOD#9 YTC#4 PM#5
|__|_|__| BOTAFOT #70 BOTAFOF #09 two#11 WG*
\ |^| / IbW#0 & KotIbW# BotTOS#6 GP#4
\|^|/ ANORAK#17
'^'

 

Me too. After the last debarkle I wanted to know early if they were
planning to assfuck me.

 

K400 hurts, I had it for a while and feck do you notice the difference or
wot!

 

I once spend 6 months on a K 435 code. It was neg.

 

So you paid full NI and Income tax on your earnings as a contractor, with no
dividends at the lower corporation tax?

 

<checks tax code>

It's the K that's the bad part isn't it, not the 4xx bit?

 

It's both.

K means it's a negative allowance
435 means it's £4350 pounds worth of negative allowance.

So in effect 20% tax starts band at about £4K and 40% at about £18K..
from the first penny you earn it's already taxed at 10%.

The reason for this happening to me was they "forgot" to tax me for a
company car, and petrol allowance - for about 9 months.

 

The K bit means that you are paying tax on more than you actually earn
(cashwise)... and paying tax at 40% on some £7,000 per year more than I was
earning at the time did make a rather noticeable difference, between that
and losing the car allowance (I was effectively conned into taking the car
by an evil manager) I found myself about £500 per month worse off.

 

K means it's a negative allowance
435 means it's £4350 pounds worth of negative allowance.

What about an 'L' code?

 

That's a normal allowance (like what I have now)

so L250 would mean 10% tax starts at £2500, for example.