HMRC is chasing me for back taxes - please review

[Blue_star]

I got some emails from “hmrc” and “gov” about digital taxes.

Action required, please read whatever.

Ofcourse I am a cynic and smell a scam. Off to the bin.

Last email said i owe taxes. Fine, I go and read what they come up with.

Looks suspiciously like actual gov website. I go to my browser and type manually the government website just to see whats going on. They wont scam good old “smart” Blue Star. He knows all the scammer tricks on the dangerous internet.

Turns out its actually hrmc chasing me for taxes. Ffs.


Okay I agree with the amount owed. For some reason they didnt add penalty. Standards fell, I anticipated to be “questioned” in some basement.


HMRC offer for me either to pay or to add to my next years taxes starting from April. Seems like they really cater to tax dodgers! Frigging torries.

Anyway please advise on course of action. . I think its better I save the money from my salary over next 3-4 months and be done with it. Can anyone think of a benefit for me to pay through additional tax contributions next year? Any benefits I dont account for?

Thanks for advice.

[2172cc]

Can't you offer any advice on your situation I'm afraid but I got a letter yesterday from HMRC saying that I've overpaid and they owe me just over £115 back. Lovely I thought and went straight onto the .Gov website to claim my refund. An hour and half later I'm still going round and round in circles as it wont recognise my bank details.
Even though they are able to take it ok every month it seems they make it very difficult to give it back.......no surprise there
In the end I gave up and went for the old fashioned cheque in the post option which takes about 2 weeks .

[guyvert1]

Why not ask 'Gary', seems like you're earning too much !

[Lincolnshire]

There won’t be any benefit however you pay, the tax underpayment you end up paying will be identical with either method, even if you have a tax code change going in to a new tax year, as it will display as a calculation from a previous tax year.

Only benefit to you is pacing out the payment but if you can afford to pay the bill upfront, that seems more straightforward.

Each year I seem to get an over or underpayment on my tax.

[Monkeylegend]

Labour needs your money now so I would pay it off asap in one lump sum and be done with it.

Assuming you can afford to do that of course.

[Blue_star]

guyvert1 said:

Why not ask 'Gary', seems like you're earning too much !

Touche

[Blue_star]

Monkeylegend said:

Labour needs your money now so I would pay it off asap in one lump sum and be done with it.

Assuming you can afford to do that of course.

Cool, I make sure they dont raise your income tax. Your welcome *moana song starting*

[Blue_star]

Lincolnshire said:

There won t be any benefit however you pay, the tax underpayment you end up paying will be identical with either method, even if you have a tax code change going in to a new tax year, as it will display as a calculation from a previous tax year.

Only benefit to you is pacing out the payment but if you can afford to pay the bill upfront, that seems more straightforward.

Each year I seem to get an over or underpayment on my tax.

Makes sense, thank you

[butchstewie]

I posted a couple of weeks ago about paying tax due on some dividends I'd declared to HMRC.

Similar question about pay in one go v have HMRC spread it out.

Eric said:

Makes your Tax Code difficult to understand.

And HMRC may take it upon themselves that they will need to adjust your tax code EVERY year - even if they shouldn't.

Obviously not saying it applies here and most of my income is PAYE but I took the view I wanted my ongoing tax kept simple so I just paid it.

[Blue_star]

2172cc said:

Can't you offer any advice on your situation I'm afraid but I got a letter yesterday from HMRC saying that I've overpaid and they owe me just over £115 back. Lovely I thought and went straight onto the .Gov website to claim my refund. An hour and half later I'm still going round and round in circles as it wont recognise my bank details.
Even though they are able to take it ok every month it seems they make it very difficult to give it back.......no surprise there
In the end I gave up and went for the old fashioned cheque in the post option which takes about 2 weeks .

You should charge them £30 per hour for the work you did.

Perhaps next year we can ask them to offset tax you are due / I owe.

[bennno]

Blue_star said:

I got some emails from hmrc and gov about digital taxes.

Action required, please read whatever.

Ofcourse I am a cynic and smell a scam. Off to the bin.

Last email said i owe taxes. Fine, I go and read what they come up with.

Looks suspiciously like actual gov website. I go to my browser and type manually the government website just to see whats going on. They wont scam good old smart Blue Star. He knows all the scammer tricks on the dangerous internet.

Turns out its actually hrmc chasing me for taxes. Ffs.

Okay I agree with the amount owed. For some reason they didnt add penalty. Standards fell, I anticipated to be questioned in some basement.

HMRC offer for me either to pay or to add to my next years taxes starting from April. Seems like they really cater to tax dodgers! Frigging torries.

Anyway please advise on course of action. . I think its better I save the money from my salary over next 3-4 months and be done with it. Can anyone think of a benefit for me to pay through additional tax contributions next year? Any benefits I dont account for?

Thanks for advice.

Given all your support for garynomics why don’t you just pay it?

[Blue_star]

butchstewie said:

Obviously not saying it applies here and most of my income is PAYE but I took the view I wanted my ongoing tax kept simple so I just paid it.

This is very good.

So do you need to do annual self assessment due to the dividends? They cant automatically see?

[Blue_star]

bennno said:

Given all your support for garynomics why don t you just pay it?

Well, I didnt suggest not paying it, it was a method question. What is the inconsistency? Probably my post was too long so you didnt read or

[Lincolnshire]

Blue_star said:

This is very good.

So do you need to do annual self assessment due to the dividends? They cant automatically see?

The taxman can actually see “some” stuff, I’m not sure what the arrangement is called but HMRC has legal access to all the financial transactions across banks etc and they can even access details on eBay shops! I imagine most of this access is for investigations, but for sure they have an ability to see things like dividends, capital gains etc if they decided they wanted to check. They have some kind of super computer with a “scary” name called Connect. It even has access to overseas bank records.

[butchstewie]

Blue_star said:

This is very good.

So do you need to do annual self assessment due to the dividends? They cant automatically see?

I can only speak for my situation which is I'm employed but have some regular dividend income and will have occasional capital gains from investments.

I don't need to do full self-assessment but as of this year with the lower limits I needed to go on the online portal and tell HMRC about the dividend income and at some point the same will probably happen for capital gains.

I just got an email from HMRC a week or so later saying "here's what you owe" with the option to pay online or have my tax code adjusted.

That's where Erics reply came in for my situation - yours might of course be different