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Tax Return Amendments

I was wondering if anybody could help me or at least try put my mind at rest.

I am having a tax return nightmare. I thought I was on top of it and filed my tax return last Thursday. Then my wife noted that I had included some expenses which are in 17/18 return (rental income expenses). I therefore filed an amendment to remove the expenses but somehow I deleted the whole section..i clicked on through the links and resent it...so i had to amend it again to re-include the rental income section so that was two amendments!! Now I have just realised I have put the wrong savings interest figure... My wife is just preparing her return and I have used the wrong information from our savings statement...I am going to have to amend my return again to correct this. That's 3 amendments... surely HMRC will wonder what the hell I am doing... i get very stressed at this type of thing and have learnt a big lesson  to double and triple check.. before clicking through although this is the first year I have messed up like this. Does anybody know if HMRC will frown upon this. I have read online that if you do an amendment before the deadline of 31 Jan they just look at the latest return filed...and not the previous submitted ones. If an enquiry is raised i do habe all the records in order now..but I do suffer severe anxiety and depression so this isn't helping and i fear I have now just given HMRC an oppurtunity to enquire. I am going to phone them tomorrow but any help/thoughts please!! also will i get penalised for filing wrong information? Sorry for the rambling but I am tearing my hair out with worry.

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22nd Jan 2018 22:04

I feel such an idiot and so angry with myself... my wife is now worried we are going to get interrogated by HMRC!

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23rd Jan 2018 18:15

Maybe if you started the job earlier - like April - you'd have more time to sit back and review the figures before you hit the send button.

If you get so anxious, why are you putting pressure on yourself by leaving it all till the last minute ?

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to lionofludesch
22nd Jan 2018 22:15

I did have all the information, it was just panic set in when i realised i made one error then hitting send quickly to resolve it only to note another!

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to Clover123
23rd Jan 2018 18:16

Precisely my point, really.

If you'd had more time, you could've printed it off and read through it at your leisure.

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By Ruddles
22nd Jan 2018 22:13

Stop worrying. Of course, if you’re a compulsive worrier, you could always hire an accountant to file your returns for you and take away the stress.

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22nd Jan 2018 22:18

Thanks Ruddles... unfortunatley it is in my nature! I have filed my accounts the last 5 years not problem.. It is the first time I have done anything like this but also the first time i am declaring rental income als... once I noticed the error I just panicked and amended it... I just think it looks so bad... I submitted with income, remove it, resubmit it and now to amend again because of savings interest! I'm so angry with myself...

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22nd Jan 2018 22:57

Hi there,

Do not worry. The main thing is that the info you are submitting now is correct, so in the event of a HMRC enquiry you should be fine.

My honest opinion is that if you have difficulties sometimes with depression/ anxiety then you should try and get this completed earlier.

The other thing, employ an accountant. With rental income changes in recent years this area has become more complex. You'll probably find that there's expenses you're not claiming for.

Best of luck

John

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23rd Jan 2018 10:47

This is the first time you're declaring rental income. Is it the first year it has been received

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to bernard michael
23rd Jan 2018 11:16

Hi John yes. It is via a Dot entered into from 6 April as my wife is some owner so always declared. We were advised to enter into this given all the tax changes in the year. I'm feeling abbot calmer today, If HMRC enquired it is explainable and we have the DoT etc. Just feel stupid that I have had to amend it so many times and will flag with HMRC who will enquire. Suppose will have to sit it out and see if they do.

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23rd Jan 2018 18:13

No need to worry as the last tax return is correct and you have been honest. If HMRC enquire explain what happend and it should end at that.
Only those who have knowingly submitted false information in their returns need to worry.

For 2017/18 start to gather the paperwork May this year for both yourself and wife. request for any certificates etc from lenders

in June /July watch the world cup.

After England win the Cup be merry, happy and start the celebrations.
In October when you have recovered from the celebrations. Gather all the records and seek guidance/ appoint an accountant if you dont feel you will be able to manage. Otherwise complete both tax returns and carefully review ( two times) and then submit by 31 October.

1st November start celebrating again and in January 19 off on holiday and set up bank insturuction to pay any tax liability .

In February start the celebrations again.

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to Martin B
23rd Jan 2018 17:58

Thanks for the message, made me smile... going to put it to the back of my mind and if needs be I will just explain when they come knocking! I did log on today as ironically I got an email which turned out to be one of those phishing emails from HMRC. The figures have been updated and it states date filed (been last week) then amended on and yesterday's date. So loons like it has processed ok. Definately an accountant next year!

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to Martin B
23rd Jan 2018 17:58

Thanks for the message, made me smile... going to put it to the back of my mind and if needs be I will just explain when they come knocking! I did log on today as ironically I got an email which turned out to be one of those phishing emails from HMRC. The figures have been updated and it states date filed (been last week) then amended on and yesterday's date. So loons like it has processed ok. Definately an accountant next year!

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to Martin B
23rd Jan 2018 18:09

Thanks for the response... made me smile. Just going to put it to the back of my mind now. If they do enquire I will explain then.. Ironically I got a phishing email today from HMRC..I logged on and all has been updated with new figures etc and shows amended date of yesterday.

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23rd Jan 2018 16:42

If you are a compulsive worrier and determined to be angry with yourself, I do not know what anyone here can say or do to make things right for you. It sounds like your wife isn't helping to put things into perspective.

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