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Original poster

How is your tax return coming along?

48 replies

BettyfromBristol · 04/01/2022 22:12

Just that really. Mine is mostly there, complicated by lockdown last year but all in hand I think. DH kindly does it as I am haphazard and find it the most boring part of running a business. He is meticulous and keeps on top of it all through the year. I bake his favourite cake when it is done.

OP posts:
bloodyhoodedeyes · 04/01/2022 22:14

Does everyone do one now? Even if full time employed?

I have a limited company so my accountants do mine, but more and more people I know do them?

Is it an earning threshold that triggers doing one?

FrecklesMalone · 04/01/2022 22:16

Not well. It is the worst bit of my employment life. I don't earn enough to justify an accountant.

GreenLunchBox · 04/01/2022 22:17

Did mine in April 😇

foodaddict21 · 04/01/2022 22:27

@bloodyhoodedeyes

Does everyone do one now? Even if full time employed?

I have a limited company so my accountants do mine, but more and more people I know do them?

Is it an earning threshold that triggers doing one?

A number of things - earning over £100k PAYE, over £1000 self-employed or rental income are the bulk of my clients

partystress · 04/01/2022 22:29

Had to do one for the first time in ages because I had slightly crossed the child benefit high earner threshold. Was very pleasantly surprised by how much easier it is compared with 15 years ago, with the monster paper form.

userxx · 04/01/2022 22:31

@FrecklesMalone

Not well. It is the worst bit of my employment life. I don't earn enough to justify an accountant.

Bet you can't wait until you have to submit them every quarter!

SilverHairedCat · 04/01/2022 22:34

I started part time SE work in Jan 2021, so I'm v confused! Do I only need to submit for Jan-Apr 2021?

littleowls83 · 04/01/2022 22:35

DH usually ends up providing last minute advice for friends/relatives/people he went to school with 25 years ago who get stuck at the last minute.

WaterBottle123 · 04/01/2022 22:36

I use Tax Scouts, £100 all in, done back in April. So so easy.

Whoknowsweknows · 04/01/2022 22:38

Don’t ask!

FindMeInTheSunshine · 04/01/2022 22:39

Planning on doing mine this weekendSad. I did it really early for the previous tax year so there's been a long gap. After mine I have to help my husband, which is more stressful!

Readthestandingorder · 04/01/2022 22:47

May I ask a question? I earned £750 last year on top of my salary (that I obvs paye for). Do I need to contact them about the £750 conference fee? I've been putting off thinking about it, so I do apologise.

StarryNightSparkles · 04/01/2022 22:53

I am planning on doing mine next week. I currently do mine then my account checks it over and submits it to HMRC. This costs me £500. Is it easy to do yourself?

My 2022 business resolution is to keep my account's upto date monthly rather than having to go through everything before it's due in.

My account does my payroll also.

Also is tax moving from annually to monthly?

Thanks very much

Original poster
BettyfromBristol · 04/01/2022 22:59

Sorry, having started the thread, I am not qualified to help. Let's hope someone will be along soon who can answer questions. Good luck to all those struggling with theirs.

OP posts:
BuanoKubiamVej · 04/01/2022 23:00

Evert single bloody year I do it in late January and swear that I will do next year's in 10 weeks time on 6th April or soon thereafter. And evet single year I fail and the feelings of guilt and despair feel too overwhelming to try to make a start. Then eventually I do it and it's not actually that hard so I resolve to get it over and done with quicker next year, it will be so easy to just do it in April... and repeat...

BrusselPout · 04/01/2022 23:02

@GreenLunchBox

Did mine in April 😇
Me too! I prefer just to get it out the way as soon as I can
fairylightsandwaxmelts · 04/01/2022 23:02

I did mine in April too 😇

Troublesometooth · 04/01/2022 23:02

@Readthestandingorder

May I ask a question? I earned £750 last year on top of my salary (that I obvs paye for). Do I need to contact them about the £750 conference fee? I've been putting off thinking about it, so I do apologise.
I believe you do not need to declare earnings of less than £1000 from self employment. But I would want that told to my be someone from the tax office!

Give them a call, they can be quite helpful.

loveisagirlnameddaisy · 04/01/2022 23:04

@SilverHairedCat

I started part time SE work in Jan 2021, so I'm v confused! Do I only need to submit for Jan-Apr 2021?
Yes, you've worked for part of a tax year so you need to complete a self assessment. Have you registered?
loveisagirlnameddaisy · 04/01/2022 23:07

@StarryNightSparkles

I am planning on doing mine next week. I currently do mine then my account checks it over and submits it to HMRC. This costs me £500. Is it easy to do yourself?

My 2022 business resolution is to keep my account's upto date monthly rather than having to go through everything before it's due in.

My account does my payroll also.

Also is tax moving from annually to monthly?

Thanks very much

I do mine without an accountant and have for years but I'm a sole trader with a fairly simple setup. If I had a limited company I would probably recruit an accountant.

Tax is supposed to be moving to Making Tax Digital with quarterly returns but the rollout has been delayed.

BuanoKubiamVej · 04/01/2022 23:07

@Readthestandingorder you should do a tax return but if all you earned outside paye is that £750 you probably won't owe anything, so long as you don't want to declare any tax-deductible expenditure. IIRC the first £1000 of earnings from other work can be disregarded so long as there's no juggling about with expenses (e.g. if you were actually paid £6000 but hou had to spend £5250 on materials and expenses to deliver the service so actually only earned £750). But don't take my word for it I am not an expert. The tax returns website is reasonably understandable though if you take it slowly and don't panic when asked about stuff like dividends from shares etc.

Drywhitefruitycidergin · 04/01/2022 23:11

Will dig the reference number out in a week of so, swear at it while I have to reconfirm my identity, swear at it again because for some bizarre reason it auto-completes my PAYE salary as pension, search through emails for charity donations and eventually pay about an hour later.
I'll then swear I'm going to do it in April next time - rinse & repeat.
Thank goodness mine is only child benefit related.....i realise i could just stop the claim but I just don't trust them not to change the system if you are out of it eg if I reduce my days for example

SilverHairedCat · 04/01/2022 23:15

@loveisagirlnameddaisy Yes, I've registered but that's as far as I've got 😂 I only earned about £400 in that period though. This financial year is higher.

I also work full time as an employee and need to be squeaky clean for that job so should really have got more on top of it to understand it better!

Bratnews · 04/01/2022 23:18

Also April 😇!

Brigante9 · 04/01/2022 23:21

I get a bill, I log into the Government Gateway and pay it. Not difficult. I’ve opted for online letters, via the Messages option on HMRC.