21-22 Self Assessments ... why are tax totals off by so much this year?

[mogga71]

Yeah spot on .... she was given a bonus of much more than previous years and it had slipped her mind (LOL).

So the SA figures are correct. We were being numpties.

Thanks all....

[mogga71]

Many thanks eek ... that makes perfect sense for me being with an Umbrella Company....however I would not have expected my permie wife's employer (an Investment Bank) to have made the same 'error'....and as mentioned before, HMRC have always owed her money in the past....

[mogga71]

You don't actually have anywhere to enter your tax code on the SA.

I am pretty sure that it all comes down to the Yearly Personal Allowance. You will notice that the figures for £125,000 are very different if you leave the Tax Code blank when comparing to entering 1250L but I now believe...

[mogga71]

As always eek ... thanks. Yip 21-22. DOH!

Is it possible to change a thread title?

[mogga71]

Has anybody else filled in their 2021-22 Self Assessment online forms?

I am with an umbrella and for the first time, I find myself now owing 2.5 k tax that I have underpaid.

I thought fair enough ... but my wife works for a bank and she has exactly the same issue ... but owes...

[mogga71]

Jeez I see what you mean eek. Could be a real game changer. TBH it would be totally unfair on the Umbrellas and I would assume that a lot won't want to take the risk if it happens. Didn't realise advancing holiday pay is illegal but I always thought it looked a bit dodge on my weekly payslip. Holiday...

[mogga71]

I am with one of the largest Umbrellas and I only took 9 days off last year. Nobody is tracking holidays as far as I know. I am pretty certain I could have worked every day and they would a) not have known b) not cared.

When you say :

3) save enough money to pay you when you...

[mogga71]

I must confess that I am a bit thick these days as I am getting old ..... but why does this matter as the Contractors have to pay for their own holiday pay anyway .. regardless of the new rules. it's not as if the Umbrella Companies pay the holiday pay out of their own pocket. We are just pretending...

[mogga71]

If this is Hectors main attacking point then I simply cannot see them winning .... it's a totally absurd argument. The vast % of accountancy firms are paid monthly and have been for the last 30 years at least. If they somehow win their cases then it basically means that about 90% of contractors who...