Member Since: 30th Mar 2006
13th Jan 2020
I have just completed a tax return for a client which results in a similar situation. I expected all the dividend income to be taxed at 7.5%, due to the basic rate band being extended by a pension contribution and therefore being more than total income for the year, but according to the tax return software it is all taxed at 32.5%. I don't believe this is correct and I was wondering if you have received any response from HMRC.
8th Feb 2018
I work as an employee of an IFA company, completing tax returns on behalf of clients. I bought a PAYG SIM to use in one of my old mobile phones in the office, where we also have a "no mobile phone" policy! However, I was unable to complete the 2 step verification process as it appears to require me to enter my own personal details, which I am not willing to do. I am not acting as agent personally, the company is the agent, and the verification process should require details of the company, not an employee. We will not be using the facility until this has been sorted out.
11th May 2017
Thanks for your reply. As the first letter from HMRC arrived in March and I realised he was close to the deadline for claiming relief for 2012/13 I advised him to write to HMRC immediately to advise them of the pension contributions and Gift Aid. He has therefore claimed relief before the deadline, just not by submitting a tax return for that year. He will complete the tax returns for the years concerned but the Compliance department are putting him under a lot of pressure to pay up in the meantime, even though they have the information required to assess his tax position fully.
21st Apr 2016
We have also used Drummohr for 20 years and were very happy with it, although I felt it did suffer from lack of support after being taken over by Iris. "Upgrade" to cloud happened on March 16th for us. I received a phone call from someone today looking for my feedback and marks out of 10. I advised him of a list of problems I have already experienced with the new software. Unfortunately our licence has just been renewed or we would also be looking to move. I gave the software 2/10 on the basis that there are some useful new features that I like but it is definitely not fit for purpose.
8th Mar 2016
During the HMRC Working Together Webinar yesterday we were advised that employees should advise HMRC separately of any change of address, even though the new address will have been noted on the FPS. As to it helping to identify Scottish taxpayers, well HMRC have in many cases not successfully done this, despite having the correct Scottish addresses for taxpayers. The identification system just doesn't seem to have worked!
28th May 2014
I have been working for 27 years and still struggle with using the phone in front of people, at home as well as in the office. I do it out of necessity. My advice would be to be organised (always have a notepad handy) and try to stay calm and polite. Good luck!
13th Nov 2013
Well done on making the changes needed to get you out of the rut you were stuck in! Hopefully you can now enjoy life and your family - they grow up all too quickly. :D
3rd Dec 2012
I believe that the taxable amount of state pension for a tax year is calculated by multiplying the weekly rate received in that year by 51 and adding on one week of the rate received in the previous year. This usually arrives at the figures included in my clients' PAYE codes.
29th Aug 2012
This post and the replies have reassured me that I am not alone. My children are teenagers now and I don't run my own practice (I wouldn't have the confidence to do that!) but I do/have suffered from low self esteem and depression/anxiety. It was definitely worse after children, with post natal depression (and female hormones do us no favours). I use a SAD lamp to get me through the winter months. I will put off making phone calls and especially wait until I am on my own in the office. I even feel self conscious dictating letters if someone else is in the room. It is sad that this is such a common problem, as it can make you feel that every day is a struggle, when you are feeling really low. It also puts a strain on family relationships, as my second husband will agree. I find that fresh air and exercise really help me. I walk to and from the office every day.
My advice would be don't give up if you enjoy the rest of the job! You have obviously got lots going for you if you can build up a practice while bringing up small children. However, if you feel that the job itself is one of the main causes of your depression then perhaps you should consider a career change. I sometimes wish that I had!
15th Dec 2011
That was what I thought but the charities will no doubt have reclaimed tax under gift aid based on her declaration. Thanks for your replies.