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Post Info TOPIC: Additions to personal allowance and tax return


Master Book-keeper

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Additions to personal allowance and tax return


Hi

Looking at a self assessment and wondering how to do this.   First year in S/A due to addition of sole trader income.

Tax code/PA higher than standard allowance....this due to additions relating to job related allowances eg uniform cleaning allowances/prof subs.

Tax deducted on P60 but there appears to be a small shortfall despite the correct tax code showing on it (can only presume at this point this is poss due to wrong tax code being used until later in year).

Software shows tax calculation with only standard personal allowance of £11850 taken off, so actually showing tax owed as even higher.   Need this to show actual tax owed obviously.

How/where to adjust tax return to take into account the 'additions' ie the additional allowances?

 

I am using taxfiler.

If not aware of taxfiler, please advise what box on tax return?

Thanks

 

 

Im seriously losing the plot!!



-- Edited by Cheshire on Sunday 5th of January 2020 06:04:05 PM

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 Joanne  

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position (and my that I dont mean with HMRC)



Senior Member

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Posts: 426
Date:

Sorry Joanne, not used Taxfiler for Personal tax yet, still got mine to do - if I find it I will update you but not scheduled to complete mine until next week

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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900

Payroll & bookkeeping solutions - info@completebookkeeping.co.uk

www.completebookkeeping.co.uk

IAB Training centre - Ringwood

 



Master Book-keeper

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Posts: 8295
Date:

Hi Donna That would be a MASSIVE help, thank you! Im banging my head on the wall and its probably soooooo obvious!



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 Joanne  

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position (and my that I dont mean with HMRC)



Master Book-keeper

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Posts: 8295
Date:

OK - fresh eyes after posting at 9.58....I hadnt included the allowance items as expenses in the employment pages, so this resolves part of it.

 

Can I ask someone to run a couple of numbers via whatever tax return software they are using?   Literally just pay from employment, tax taken off (per P60 and the allwances) - I am still getting tax owed, whether done manually or via taxfiler, yet agent line states nothing is o/s from the employment!!!!!

PM me please.  Or let me know on here and if you have PMs allowed I can PM you.

 

THANKS

 



-- Edited by Cheshire on Monday 6th of January 2020 10:33:45 AM

__________________

 Joanne  

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position (and my that I dont mean with HMRC)



Master Book-keeper

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Posts: 3272
Date:

Hi Joanne
I was going to mention the allowances section last night but just come to comp and I hadn't posted it...doh.
Drop us an email and I'll have a look at the figures you want checking.


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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Master Book-keeper

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Posts: 8295
Date:

Ah yes - the allowances section only covers marriage allowance transfer, blindness and married couples!!

I will bung you an email to the admin one. THANK YOU!


__________________

 Joanne  

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position (and my that I dont mean with HMRC)



Master Book-keeper

Status: Offline
Posts: 8295
Date:

Thank you John for running this scenario through your software.....and proving Im not going completely mad.

 

Now I just have the issue of HMRC stating that the payroll is correct, when its obvious they didnt take enough tax under PAYE.  Small amount but an issue.  Any ideas how to sort?

 

Might start a new thread



__________________

 Joanne  

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position (and my that I dont mean with HMRC)

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