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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 ?

OP posts:
Are your children’s vaccines up to date?
offandcold · 17/01/2013 19:54

Hi Mranchovy,

My profit last year was 15691 pounds.. I have accepted that I'm going to pay a huge bill..a lesson has been learnt !

OP posts:
Willdoitinaminute · 17/01/2013 20:18

What dates do you use for your accounts? When is your end of year?

teenagersmother · 18/01/2013 07:50

Your profit seems veryhigh for childminding. Are you sure you have offset all of your allowable expenses ? Might be worth checking out further for future reference.
(Sorry if that sounds rude, it's not meant to)

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