I signed up for SE years ago because I was earning money through freelance design. I asked HMRC to stop sending my self assessments which they haven't done... This isnt a big issue because im thinking of doing some self employed work again.
But now im filling 2011/12s return with some basic employee info. Such as Salery, Tax contribution, Student loan payments ext
I get to the end and im expecting a bill of £0.00 because ive paid all tax through my employer and instead im horrified to see £395.80
The summery describes this as: 'Total tax, Class 4 NIC and Student loan due for 2011-12'
I have a reference image on 'fembe.com/SE.jpg'
Ive clearly done something wrong but I cant see what ive done. Any ideas?
Replies (9)
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Three possibilities
You have entered something incorrectly on the returnYour employer has not operated the PAYE scheme correctlyYour employer has not operated the student loan deductions correctly
Check your tax code notice. Do you have an extra allowance for employee expenses that haven't been entered on the return?
If you want us ...
... to see the documents, which i don't advise, you need to upload to Aweb server then insert in your post - all you are doing is attaching documents from your local drive which we cannot see.
I have sent you a PM.
Ah, that explains the position.
Your code number is 932 which means your employer has allowed 9,325 (say) allowance tax free. The personal allowance was only 7,475 so the code includes an extra 1,850 worth of allowances. Do you have the calculation of the code number?
£1,850 @ 20% is £370.
If the code number is correct then you have omitted to claim the £1,850 allowance in the return. If no allowance is due then I'm afraid you owe the money.
Tax code
You have an extra allowance. Your tax code notice will tell you what the extra allowance is for.
If you have incurred travel costs as an employee, you should get tax relief on these costs.