Well looks like i was one of many to under pay tax due to tax blunder. Wife just rang to say that I have a letter saying I owe £2k or so because of some medical expense benefit. So just as I was planning to treat the car to a few things, this crops up. Wasn\'t planning on spending anywhere near 2k on the car, so its not like I have this around to pay. Will get on the phone and see what I can do, but have to say I am gutted.
Mark
that sucks, are you self employed?
dam! u can buy a fc for that much! lol
all that comes to mind is "monkeys" (to put it nicely)
hopefully you get a reasonable amount of time to pay it back rather than in one foul swoop! Chin up buddy ;)
Argue about it with them, they may reduce it...
Nope, not self employed. Just got home and had a look at the letter. It\'s actually for 2008-2009 and probably because I switched jobs mid year and sold a load of my shares from my old company, at the time of leaving.
Just looking into it now, as I was under the impression that they could only claim back from a year before.
Liam - I have got 2 EGI\'s for way less than that :)
Thanks
Mark
At the end of the day they\'d rather get it over a set period rather than not at all so just ring them, surely you will be able to set up a payment plan for it.
Doh, looks like they have 4 years to claim so thats out of the window.
:(
Mark
Right just got to the bottom of the problem.
Basically I left old job in Sept 08 and started new one in Oct 08.
At the time of my first payroll with new employer, they used old tax code. This was used for rest of year and is what caused the 2k underpayment.
But I can appeal against this if I and my employer submitted my P45 to HMRC before the end of the 08/09 tax year.
I am pretty confident that I submitted to my employer straight away as this is on the list of things to do when you first join. Just need to check dates with my employer, but fingers crossed I might have a case to write this off as an HMRC mistake for not sending my employer the correct tax code.
Mark
Good news, hope you get it sorted bud
Quote from: Bobbit;735589Good news, hope you get it sorted bud
Cheers matey, me too.
If I do then car upgrade purchases are back on :)
Mark
Good luck Mark
Ouch! Sorry to hear of this Mark. I hope you manage to get some luck on appeal and, if not, at leaat get a reasonable time to pay it back.
Makes my blood boil when this happens, and you read in the newspaper about Sir Andrew Cahn. He is the former head of UK Trade and Industry, paid £250,000 a year, now leaving with a taxpayer funded £1.2m pension pot. He asked his staff to think up ways of "getting money out the door" by spending £1m of taxpayers money to "avoid an underspend against budget"!!:2Mad. He said "in government you are criticised as much for not spending your budget as you are for overspending". How the hell are we going to claw ourselves out of this economic mess with that attitude?
It seems the culture is still not "how can I save spending taxpayer\'s money in these difficult times" but the old game of, "if I don\'t spend what I\'d forecast this financial year, I won\'t get as much budget next year":2Mad:2Mad
Sorry, rant over :)
If I do have to pay it back, best I can hope for is over a 3 year period. So thats still £55 a month which I could really do with. In fact as things stand at the minute I have about £100 a month spare in my account which is for running the RX7, treats like Coca Cola and a friday morning breakfast at work etc. So that would basically leave me with £45 a month for a little bit of luxury.
Anyways, it could be worse. At least me and my family have our health (touch wood).
Yep I cannot see that culture changing any time soon.
On the plus side I have taken this bit of news as an excuse to prematurely celebrate and treated myself to 2.... yes 2 half price Rotary T shirts from the club shop :)
Cheers guys.
Mark
Quote from: Casey;735595Ouch! Sorry to hear of this Mark. I hope you manage to get some luck on appeal and, if not, at leaat get a reasonable time to pay it back.
Makes my blood boil when this happens, and you read in the newspaper about Sir Andrew Cahn. He is the former head of UK Trade and Industry, paid £250,000 a year, now leaving with a taxpayer funded £1.2m pension pot. He asked his staff to think up ways of "getting money out the door" by spending £1m of taxpayers money to "avoid an underspend against budget"!!:2Mad. He said "in government you are criticised as much for not spending your budget as you are for overspending". How the hell are we going to claw ourselves out of this economic mess with that attitude?
It seems the culture is still not "how can I save spending taxpayer\'s money in these difficult times" but the old game of, "if I don\'t spend what I\'d forecast this financial year, I won\'t get as much budget next year":2Mad:2Mad
Sorry, rant over :)
That\'s a pain. No one wants to give £2k more than they thought they needed to to the tax man. Fingers crossed your appeal is valid and it all goes away.
Same thing happened to me about 3 years ago. They said it was MY fault as it was Myself who is/was responsible for checking my Tax code/paying the right amount of Tax. I had a bill for £4100 just three weeks before Christmas. I went to the tax office and begged and pleaded to no avail at the time. They told me as a home owner it ALL had to be paid from imediate efect no ifs or buts, as was told as a home owner to borrow from my house or get a credit card ! Eventually I paid half and the remainder was paid via Tax code change over another year. I am and was just PAYE aswell.
I have just got off the phone with them and it is looking the same way for me to be honest. They confirmed all was correct but because I did not contact them within 12 months of the error (as I didn\'t know there was an error) they cannot do anything apart from get the money.
Waiting for a call from repayments department and I think this can collected over 3 years.
Bugger..... frickin hate HMRC.
Quote from: Paul-Tll;735611Same thing happened to me about 3 years ago. They said it was MY fault as it was Myself who is/was responsible for checking my Tax code/paying the right amount of Tax. I had a bill for £4100 just three weeks before Christmas. I went to the tax office and begged and pleaded to no avail at the time. They told me as a home owner it ALL had to be paid from imediate efect no ifs or buts, as was told as a home owner to borrow from my house or get a credit card ! Eventually I paid half and the remainder was paid via Tax code change over another year. I am and was just PAYE aswell.
HMRC are unbelievable (I\'d insert a stronger work but the swear filter wouldn\'t let me :rolleyes:)
About 3 years ago, out of the blue, I got a letter from HMRC saying I\'d underpaid £30 (yes, just £30) tax on my business. They threatened (and that was the tone of the letter) that unless I paid up within 7 days they would force my business to close!! Although I had information to prove I hadn\'t underpaid, I was advised by my accountant to pay and then seek a refund, as the HMRC at that time were taking about 4 weeks to open incoming correspondence, as they were so busy. I couldn\'t allow any risk to my business, my main source of income, for the sake of £30, so I paid up.
I\'ve still to get my £30 back.
I sent all my documentation off to HMRC to prove I\'d paid my dues, had a long telephone conversation with the lady handling my appeal, who seemed to accept I was correct, then nothing happened. Phoned in again to find the person dealing with my case was no longer there and "would I like to speak to someone else" (ie start all over again :mad:). It was taking far too much of my time to bother for the sake of £30 but, as you can tell, it still irks me that they can get away with it :Grrr
If I had a bill from HMRC for a few £k\'s, like you guys, and having had this experience over £30, I\'m not sure how I\'d feel!
Sorry, rant 2 over...................:):)
It\'s to do with the automated computer system installed (says Panorama!) and how it handled (or, as it seemed, didn\'t handle) job movements.
Mostly mind, for people with two jobs (it would default the tax code based on each of the incomes when infact the earnings should be added together to determine the tax payable). Hence the number of people underpaying..
Not nice for anyone on PAYE who simply assumes the system works ok!!