Tax!!!!

[goz]

Gents, interested to know what you guys do with regards to tax. Do you chuck a couple of hundred away each month or are you more specific ie every job deduct say 18% and put in savings account? Only reason I ask is just had huge bill, not been putting enough away so a little short. Would like to know what the masses do?

 

[Andy Allen]

I budget each month for it...the tax office usually tell you in advance how much your going to have to pay so you know how much to put by..

 

[John Benton]

Don't bother with it...........I've never claimed a penny so why should I give anything back......

Same as Andy really, but when I first started my accountant advised that I pay 'on account' i.e. I am a year in front, so that when I pack in all cash will have had tax paid on it, so that's mine then 🙂

 

[Andy Allen]

Don't bother with it...........I've never claimed a penny so why should I give anything back......

Same as Andy really, but when I first started my accountant advised that I pay 'on account' i.e. I am a year in front, so that when I pack in all cash will have had tax paid on it, so that's mine then 🙂

And if you over pay then some years you don't pay much......which is good.

 

[One Day]

I'm on account too.
One year I had massive trouble getting enough together to pay on time. I called my tax office and explained and they were great. Gave me a few months extra and no fees or interest. Early communication is the key with HMRC.

 

[Diggy]

I'm just subbying now so mine is stopped auto. Then just do tax return online the 2nd week in April ( after the year end is up ) , then 5 days later the taxman puts it back in my bank account.

Diggy :0)

 

[Italy]

I bring office in England.
then working in Italy.
I can?

 

[On one]

I do my Tax Return in April/May,
If they owe me money I wait for the cheque to come through,
If I owe them money I wait until the 11.59pm on the 31st January to pay them,
Unfortunately,it's the latter this year..........so I will be having words with my accountant!

 

[WetSaw]

I bring office in England.
then working in Italy.
I can?

Dove in Italia sei? Ho pensato che nessuno a sud di Bologna ha pagato alcuna imposta!

 

[kevsalt]

tryn to put away a ton a week if poss ,,,,makes a nice pool so if something brakes etc money on hand,,cool