How much do you pay for your personal tax return?

How much do you pay for your personal tax return?

Author
Discussion

flyingjase

Original Poster:

3,067 posts

233 months

Sunday 18th November 2012
quotequote all
Just wondering how much people pay as I think I am going to move accountants and was surprised at their quote - £1000

My income is not complex so I thought it would have been less than this, or am I being tight?

flyingjase

Original Poster:

3,067 posts

233 months

Monday 19th November 2012
quotequote all
Thanks for the input, my income is non standard but it's not exotic:-

PAYE from 2 companies

Profit share from an LLP

Dividend income

That's it

Sounds like I'm being overcharged


flyingjase

Original Poster:

3,067 posts

233 months

Monday 19th November 2012
quotequote all
Eric Mc said:
What any one individual pays for their tax return is of little real help, to be honest. Peoples' circumstances vary hugely.

Do you have a CGT computation every year?
How complex was the CGT you refer to?
How complex are your PAYE affairs?
Do you receive benefits in kind?
Do you give to charities under Gift Aid?
Are you a higher rate taxpayer?
The price doesn't include the LLP computations for which they want a further 2.5k.

I have only had 1 CGT calc in the last 10 years

2 PAYE 'jobs' with P60s issued and on correct tax codes for each (I'm anal about this as I don't want to get hit with a big bill at the end of year)

Yes to BIK but I get issued a p11d for this

Don't claim gift aid, I let he charities I give to claim this

Yes to higher rate Tax payer

Maybe I'm over simplifying it, but I just didn't think it was that much work


flyingjase

Original Poster:

3,067 posts

233 months

Monday 19th November 2012
quotequote all
Cheib said:
Mine tax return typically has some or all of the below

PAYE (used to be LLP and before that FBT)
Rental Property
CGT
EIS
VCT
SIPP
EZ's
BPRA's
Dividend income

Records kept are there but let's just say I'm your classic last minute panic tax return....though in fairness to me some of the info normally isn't available til Nov/Dec.
I'd say you've got a bargain!