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tax question please help

27 replies

girlnextdoor · 26/06/2008 11:38

I paid my 1st lot of tax as a self-employed person in Jan 08. I have now received a begging letter for another lot- for the year 07/08. I honestly feel as if i am working just to pay the tax man..

my query- if I paid say £4k in January and this latest demand is for say £2K, does that mean in January 09 I will only pay another £2K having paid some now - or does it mean i will be hammered for another £4K as they are always one step ahead of my earnings?

The other point is that I have not earned as much in 07/08 as I did previously, so when will the tax demand take that into account?

OP posts:
GColdtimer · 26/06/2008 19:17

Thanks, glad I have had due warning. Its a very good job I am -boring- sensible and already have this year's tax bill squirreled away in a high interest account so I can just add to that for the whammy and a half in Jan but it is good to know that it is coming.

NKffffffffff55582cX11b34a5c6c1 · 18/07/2008 06:49

l paid high accountants fees for years, until l discovered "Legatio" cost £15 software which takes you through your tax return (simplified) and even calculates your payment incl NI,you can re calculate final sum many times,before when ready submitting online or print off and post.

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