Originally posted by eek
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Inside role but for 6m only query
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Inside role but for 6m only query"
Collapse
-
-
Originally posted by northernladuk View PostThere was another post this week about someone querying his tax situation and he managed to get through to HMRC to sort it so it's not as difficult as you would assume.
https://www.contractoruk.com/forums/...s-account.html
The only way to fix it would be to shift to emergency tax codes and that would then open a second set of issues where the poster returns and complains - having worked all 12 months why have I been presented with this large tax bill that I can't now pay.Last edited by eek; 29 January 2021, 10:33.
Leave a comment:
-
There was another post this week about someone querying his tax situation and he managed to get through to HMRC to sort it so it's not as difficult as you would assume.
https://www.contractoruk.com/forums/...s-account.html
Leave a comment:
-
Originally posted by eek View PostYou are likely to have to fill in a self assessment form but if you don't fill in the form the money will be repaid to you when HMRC notice that you've overpaid. It's a long time since I was permanent but on the year I left to go contracting HMRC sent me a nice cheque in early May once the tax year was over
I however you do fill in a self assessment form the earlier you complete it the earlier you will get any overpaid income tax back
* Note - National insurance is paid and due monthly - no refund for that will be possible.
Leave a comment:
-
Originally posted by northernladuk View PostYou ring HMRC and tell them the situation and they will adjust your code and whatever accordingly. It will all work out over time when your P60s/SA go in but better to ring them than wait a whole year or more.
As you've been on Self Assessment before it's likely you'll still have to fill one of those in from which HMRC will also calulate your figures but your Payments on Account will probably be too high so again, if there is anything different from what is fairly normal ring them and tell them rather than sorting it out in the next tax return.
I however you do fill in a self assessment form the earlier you complete it the earlier you will get any overpaid income tax back
* Note - National insurance is paid and due monthly - no refund for that will be possible.
Leave a comment:
-
You ring HMRC and tell them the situation and they will adjust your code and whatever accordingly. It will all work out over time when your P60s/SA go in but better to ring them than wait a whole year or more.
As you've been on Self Assessment before it's likely you'll still have to fill one of those in from which HMRC will also calulate your figures but your Payments on Account will probably be too high so again, if there is anything different from what is fairly normal ring them and tell them rather than sorting it out in the next tax return.
Leave a comment:
-
Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
- IT contractor demand floundering despite Autumn Budget 2024 Nov 11 09:30
- An IR35 bill of £19m for National Resources Wales may be just the tip of its iceberg Nov 7 09:20
- Micro-entity accounts: Overview, and how to file with HMRC Nov 6 09:27
- Will HMRC’s 9% interest rate bully you into submission? Nov 5 09:10
- Business Account with ANNA Money Nov 1 15:51
- Autumn Budget 2024: Reeves raids contractor take-home pay Oct 31 14:11
- How Autumn Budget 2024 affects homes, property and mortgages Oct 31 09:23
Leave a comment: