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Original poster

I'm feeling a bit scared here...Tax question

28 replies

offandcold · 17/01/2013 09:33

Hi there,

I really hope you can help me ! I'm a cm and before anyone says anything I'm off today Smile so no children. Last year, I paid about 1100 pounds of taxes.

This year I was expecting to pay the same as my turnover is almost the same as year and my expenses the same so I have saved accordingly.

However I have filled my tax return and it says that I owe them 3.700 ??

Out this amount, 2.500 pounds is for class 4 and student loan !

Is there something wrong with it ?

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leeloo1 · 17/01/2013 10:12

Will you be earning the same next year? On the last page you can apply to reduce the payments in advance if you'll be earning less in 2012-13 than you did in 2011-12. It does say that if you underestimate what you'll owe then you'll be charged interest though.

Sorry to hear about your shock, I had a similar moment, when it said I owed 5k, which was v scary, luckily I realised I'd misentered a figure and could do the reducing payments bit, which brought it down by about 2k, phew!

Original poster
offandcold · 17/01/2013 10:03

yes they want me to pay half of next year upfront...I'm in tears Sad

OP posts:
Twinklestarstwinklestars · 17/01/2013 09:54

Has your tax code changed this year? Or is that half of next years that they want you to pay upfront?

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