Excellent work! Appreciating the value of an interest free loan from the government on which you can make money until you have to pay is a good thing.
Taxation for most couples here is simple because we're taxed as individuals in most ways. There's an option to transfer part of a person's tax free allowance to a spouse or civil partner but employers just get told by the tax authority HMRC what allowance to use, not why. Changing that allowance is how most people get shortfalls or surpluses fixed. Most people don't need to file a tax return at all. No big tax preparer industry here.
I no longer qualify for the simple treatment and do have to file a tax return each year. A fairly simple use of HMRC's online form filling once you have the numbers available. For us the online tax filing deadline is midnight on 31 January for the previous tax year, 6 April 2016 to 5 April 2017 this time. Get in a tax return that has anything even remotely close to attempted and late filing penalties can't be charged. I did one with estimated numbers over the summer because I was due a refund.
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branchandroot
no subject
Date: 2018-01-28 07:00 am (UTC)Taxation for most couples here is simple because we're taxed as individuals in most ways. There's an option to transfer part of a person's tax free allowance to a spouse or civil partner but employers just get told by the tax authority HMRC what allowance to use, not why. Changing that allowance is how most people get shortfalls or surpluses fixed. Most people don't need to file a tax return at all. No big tax preparer industry here.
I no longer qualify for the simple treatment and do have to file a tax return each year. A fairly simple use of HMRC's online form filling once you have the numbers available. For us the online tax filing deadline is midnight on 31 January for the previous tax year, 6 April 2016 to 5 April 2017 this time. Get in a tax return that has anything even remotely close to attempted and late filing penalties can't be charged. I did one with estimated numbers over the summer because I was due a refund.