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Scottish Trust Deed Forum
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Topic starter
23/12/2011 1:52 pm
after last year when robin hood taxman made me pay extra for their mistakes ,saying i had underpaid back to 2007 i now have another letter saying i have still under paid for 2010-2011 i estimate this will cost me an extra £270 a month with overtime reducing its getting closer to sell the house and goto b&b if i can afford it i thought that was the end of it last year i dont think i have much choice left now any advice much app
thanks
o and a merry christmas to all
23/12/2011 1:57 pm
Hi maverick267.
How much tax in total was underpaid for 2010/2011?
Are you an employee?
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Topic starter
23/12/2011 2:07 pm
i,m an employee
they say £3200 is due
i have spoken to tax advisor so i have to get all details and sendto them but not looking good
23/12/2011 2:12 pm
Probably best to see what your tax adviser has to say before panicking too much maverick267.
It seems like a very large amount assuming that your tax is collected by PAYE.
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Topic starter
01/02/2012 5:23 pm
contacted tax its because they should be taxing my forces pension at 40% regardless of paye earnings works out at £270 plus extra £120 off of pension so car will have to go unfortunatlly i may have to look for another job as public transport is woefull
01/02/2012 5:35 pm
Hi maverick267.
I'm no tax expert, and you should seek your own advice, but the idea that a pension should be taxed at 40% irrespective of your earned income level doesn't make any sense to me.
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Topic starter
24/02/2012 9:10 pm
spoke to tax advisor and they are right ,tax on pension is 40% also reduced income code to k229 to get back £3200 from year 2010-2011 tax man says this is becasue of underpaymnets going back to 2007.so i guess i will get this till i retire.i am enquiring about handing the car back as i will not be able to afford payments so not sure if any money i get can be put towards a cheaper car(obviously second hand)or do i hand trustee the money
25/02/2012 11:28 am
Hi maverick267.
That's going to be a question for your trustee I think.
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