Happy / unhappy self assessment story
Happy / unhappy self assessment story
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Hammersia

Original Poster:

1,564 posts

39 months

Monday 29th January 2024
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I have a bit of a duffer of a rental property, small mortgage, after a short void the last year's self assessment worked out as £1.20 owed (yes £1.20).

Didn't have to pay anything on account in the summer. My SA I've just done worked out as £1,700 owed (no voids, small property expenses). Final inland revenue screen comes up as I'm actually £1,900 in credit, nothing owed.

1) Don't know how this has happened, my job hasn't changed although bonuses have varied a bit. Has anyone else had surprise surpluses?
2) I get plenty of text reminders to fill in my self assessment but at no point through the year has the IR told me actually I'm in credit do I want my own money back...

Happy but a bit miffed.

22

2,769 posts

161 months

Monday 29th January 2024
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I did my tax return in April and received a repayment mid-Jan. I'd forgotten about it in the meantime so was a nice surprise, especially as it appears to be double what it says my credit was (Eric told me not to spend it hehe).

My wife did her tax return in mid-Jan and received her repayment a day before me!

Hammersia

Original Poster:

1,564 posts

39 months

Tuesday 30th January 2024
quotequote all
22 said:
I did my tax return in April and received a repayment mid-Jan. I'd forgotten about it in the meantime so was a nice surprise, especially as it appears to be double what it says my credit was (Eric told me not to spend it hehe).

My wife did her tax return in mid-Jan and received her repayment a day before me!
Interesting, is that roughly comparable sort of figures, because for me on an average sort of salary to find I've overpaid £1900 is quite significant, it's an error of about 10%.

Obviously I'm wondering if it's going to swing 20% in the wrong direction next year.

Mr-B

4,642 posts

218 months

Tuesday 30th January 2024
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Genuine question - are Fujitsu involved in all this making tax digital stuff?

Eric Mc

124,991 posts

289 months

Tuesday 30th January 2024
quotequote all
Mr-B said:
Genuine question - are Fujitsu involved in all this making tax digital stuff?
This is not Making Tax Digital - this is the current and well established Self Assessment system. Fujitsu are involved in Self Assessment.

Mr-B

4,642 posts

218 months

Tuesday 30th January 2024
quotequote all
Eric Mc said:
This is not Making Tax Digital - this is the current and well established Self Assessment system. Fujitsu are involved in Self Assessment.
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