Taxing!

[snoopy1239]

Is anyone good with tax, student loans, set-assessment and that sort of stuff.
Am currently being bounced back and forth between student company and hmrc.
Have a quick q for anyone kind enough to drop me a pm.
In return, I can offer advice on an array of things including wrestling, the film labyrinth, and dating jewish girls.

[DaveShoelace]

I had an issue with self assessment and tax returns, what's up?

I know wrestling and Labyrinth very well, could brush up on my J-date stuff tho

[Tal]

Loved that film.



No help with tax, I'm afraid Can't even do that trick with the crystal ball...

[snoopy1239]

I had an issue with self assessment and tax returns, what's up?

I know wrestling and Labyrinth very well, could brush up on my J-date stuff tho

Did a bit of self-employed work and the form calculated it as 45% tax inc. student loan and NIC.
Seems way too high.

[StuartHopkin]

Not an expert but have a fair bit of knowledge on it if you want to run it past me.

[DaveShoelace]

I had an issue with self assessment and tax returns, what's up?

I know wrestling and Labyrinth very well, could brush up on my J-date stuff tho

Did a bit of self-employed work and the form calculated it as 45% tax inc. student loan and NIC.
Seems way too high.

Assuming your not a higher rate tax earner (Sorry Snoops, the unshaven look, young persons hair, fact you like wrestling and the fact you still seem surprised you managed to get yourself a girlfriend after all this time made me thing perhaps not), then that amount seems way too high. I'm guessing you would be around the student loan age where it works out as 9% paid after the first £15,000 earned (So if you earn £20,000 the student loan would be about £450).   

[redsimon]

I had an issue with self assessment and tax returns, what's up?

I know wrestling and Labyrinth very well, could brush up on my J-date stuff tho

Did a bit of self-employed work and the form calculated it as 45% tax inc. student loan and NIC.
Seems way too high.

What Class of NIC are they calculating on your income from self employment?

[RED-DOG]

I can advise on dating wrestlers.

[anthonyl]

I'm a qualified accountant but don't know anything about tax if that helps 

[snoopy1239]

I can advise on dating wrestlers.

Have you ever taken a Jewish wrestler out on a first date to watch Labyrinth?

[snoopy1239]

I had an issue with self assessment and tax returns, what's up?

I know wrestling and Labyrinth very well, could brush up on my J-date stuff tho

Did a bit of self-employed work and the form calculated it as 45% tax inc. student loan and NIC.
Seems way too high.

What Class of NIC are they calculating on your income from self employment?

I think it's Class 4.

I always preferred the prequels.

[snoopy1239]

I had an issue with self assessment and tax returns, what's up?

I know wrestling and Labyrinth very well, could brush up on my J-date stuff tho

Did a bit of self-employed work and the form calculated it as 45% tax inc. student loan and NIC.
Seems way too high.

Assuming your not a higher rate tax earner (Sorry Snoops, the unshaven look, young persons hair, fact you like wrestling and the fact you still seem surprised you managed to get yourself a girlfriend after all this time made me thing perhaps not), then that amount seems way too high. I'm guessing you would be around the student loan age where it works out as 9% paid after the first £15,000 earned (So if you earn £20,000 the student loan would be about £450).   

I pay my student loan via PAYE every month, so I should be up to date with payments. I was expecting to pay a bit more of the loan when I submitted my handful of invoices for self-employed work, but didn't expect the figure to be this high and now I can't seem to get anyone at HMRC to tell me why. One woman actually said that she couldn't advise me on filling out the form until I filled out the form and submitted it, which seems strange for a filling-out-the-form help line.

[RED-DOG]

I can advise on dating wrestlers.

Have you ever taken a Jewish wrestler out on a first date to watch Labyrinth?

You know those posts I deleted.......

[redsimon]

Income Tax (PAYE) 20%

Student Loan 9%

Class IV NIC 9% (on self employment profits over £7605)

As well as this you will be asked to pay 1/2 of your future years tax, student loans and NIC on s/e on account for next tax year.

This could get it close to 45%?

[snoopy1239]

Income Tax (PAYE) 20%

Student Loan 9%

Class IV NIC 9% (on self employment profits over £7605)

As well as this you will be asked to pay 1/2 of your future years tax, student loans and NIC on s/e on account for next tax year.

This could get it close to 45%?

It's possible they've done this, which would be a mistake as I haven't done any self-employed work since the 2011, and didn't have to pay on account last January. Am beginning to wish I'd not even told them about this extra work now as I doubt they would have noticed.

Thanks for the help. HMRC support is super tilting. Takes ages to get through to morons at premium rate. Already cost me a tenner.