Self Assessment Income Tax

[PansPurse]

Just got off the phone and thought it might be nice to have a thread for discussing, cleebrating and commiserating the effects of the annual filing of tax returns and the associated payments (and occasional rebates).

I'll go first: tax man has confirmed I'll be paying through my tax code, which is great because otherwise I'd have to pay it all up front.

[shawy2510]

Workload sent to accountant in April, books done by August, paid all tax owed 3 weeks ago. Bring on April for this years books Heard from accountant tax maybe payable every 3 months upfront then returned if you have overpaid or asked for more if you have not paid enough.

[shawy2510]

Can't stand owing tax, I like to just get it paid so have no worries as leaving it for a few months the next years tax comes through :|

[reidpj]

Didn’t get my SA off until the end of April.  Normally get it in a day or so after 6th April but decided to live dangerously  ?

[PansPurse]

Oh heck, I usually cower in fear until mid January, and congratulated myself on doing it before Christmas this time 

[Norskgeld]

I can't stand doing it so I pay an accountant to do it for me...he just told me I'm due a £20 rebate!!!

[Paul]

For me, It is psychologically so much better sending through x52 small fixed weekly standing order payments than the big lump sums  of Jan and July in years gone by

31st Jan now comes and goes like any another day, without any of the stresses

[TangoTango47]

I am an accountant so couldn't bring myself to pay another accountant to do it for me. I filed mine a couple months ago and I'm also Paying via my tax code next year (smug face).

I Was tempted to clear the amount in one go but couldn't miss the chance to milk HMRC from a cash flow point of view by paying tax owed for 16/17 in 18/19

[morezone]

I see my accountant 4 times a year for VAT returns.  I dropped off most bits during the summer but there is a statement or 2 which doesn't come through until later in the year.  I dropped off final pieces a couple of weeks ago at the same time as the end Dec VAT paper work.  I got the owing figure on Monday and paid it yesterday.  Now just waiting on the VAT figure.  Xmas time is the busiest time for me and perfectly coincides with a VAT quarter and the SA deadline so January is not a nice month.

[Mariner1961]

Many years ago when there was far more paperwork involved I worked as a Tax Officer at HMRC. All overworked and underpaid!