Tax man!!!

[enduro]

Got a letter in December from the tax office to say i had overpaid my tax by £1100 and i would get a cheque within 2 weeks...So yesterday i phoned them and asked where it was, they said as my 2010 tax assessment was due in January they were not going to send it until they see what tax i owed on that one...Ok i said will you be paying me interest on my money you owe me? No was there reply...Ok i said next time im late paying my tax i wont pay your £100 late payment fee..:lol: The next reply was my cheque will be with me in a few days...

 

[mikethetile]

nice one mate

 

[Scott]

Should have said you need the money as all your cash jobs had come to and end. That always goes down well

 

[kilty55]

lol...

 

[Dan]

:lol:

Well done Endo. Nice start to the year. They'll soon get it back though. :lol:

 

[chrisroe]

that will be you having a visit then

 

[tfs]

way to go matey!

 

[White Room]

You tell em mate.

 

[grumpygrouter]

The tax adviser was wrong, you are entitled to interest on overpayments....and at a better rate than you would get from the banks. But it is normal practise to hold on to money this close to a return period. It is easier fro them to keep hold of it than to chase you for payment later!!!!

 

[Rob Z]

Stick it to 'em! :smilewinkgrin:

 

[Pebbs]

The tax adviser was wrong, you are entitled to interest on overpayments....and at a better rate than you would get from the banks. But it is normal practise to hold on to money this close to a return period. It is easier fro them to keep hold of it than to chase you for payment later!!!!

Grumpy does that apply to HMRC holding a massive credit balance on our CIS? I rang them and they said until we file our next year end accounts they couldnt release it.

Thanks Pebbs

 

[aphilp]

Pebbs - ask to be escalated to the team leader and then escalate to the manager if it is for last year's accounts

 

[aphilp]

Nice one

 

[grumpygrouter]

Grumpy does that apply to HMRC holding a massive credit balance on our CIS? I rang them and they said until we file our next year end accounts they couldnt release it.

Thanks Pebbs

Not sure about that Pebbs, Sorry. However, assuming that you aren't due to send any more paye to offset it then my gut feeling would be yes as it would be your money.