Jump to content
chris clean

Tax return help needed please

Recommended Posts

chris clean

Hi guys just in process of filling in my tax return for the lovely HMRC! Can anyone advice if in the section where you tailor your return do you need tk tick yes to receiving the standard 82 quid a month child benefit everyone gets if they have a child per child. It talks about high end child benefit which I have no idea. But my first year earnings through window cleaning are low and we just get the 82 for our one child. Did people tick yes to this or is it for very high earners? Any help appreciated!!!! Thanks

Share this post


Link to post
Beccy

Depends how it is phrased... If it says, "do you receive child benefit?" then the answer would me yes, if you do. If it says, "Do you earn over £40k AND receive child benefit?" Then unless you're having a very lucrative first year then the answer will be no.

There are no trick questions, just sometimes ones where you have to read the wording very precisely [emoji16]

Sent from my D5803 using Tapatalk

Share this post


Link to post
Dave B

Leaving it a bit late lol

Just tick yes.. i always do..  makes no difference to your tax return that i can see

Not part of your earnings

Share this post


Link to post


chris clean
13 minutes ago, Beccy said:

Depends how it is phrased... If it says, "do you receive child benefit?" then the answer would me yes, if you do. If it says, "Do you earn over £40k AND receive child benefit?" Then unless you're having a very lucrative first year then the answer will be no.

There are no trick questions, just sometimes ones where you have to read the wording very precisely emoji16.png

Sent from my D5803 using Tapatalk
 

Thanks so much Beccy! You may also know the answer to another one about do you receive interest from a UK bank account. I do but my bank already deduct tax. On statement it appears interest after Tax! Would you still think I should tick yes?! Thanks again

Share this post


Link to post
chris clean
1 minute ago, Dave B said:

Leaving it a bit late lol

Just tick yes.. i always do..  makes no difference to your tax return that i can see

Not part of your earnings

Thanks mate! Yeah I know lol. Stupid thing is i did all my accounts for all my figures months ago and just thought in my mind I will quickly bang it on form nearer 31st Jan. Suddenly its very close and form not as easy as I thought! Well actually it is ok but it's my lack of understanding that's the issue!

Share this post


Link to post
Beccy
Thanks so much Beccy! You may also know the answer to another one about do you receive interest from a UK bank account. I do but my bank already deduct tax. On statement it appears interest after Tax! Would you still think I should tick yes?! Thanks again
I think it's best to be honest and say yes, and it'll probably then ask you to say what tax was already paid. I did this once though and because the amount of interest I'd earned was so low, it was rounding it down to zero for me, then telling me I couldn't proceed without putting a figure higher than zero in! So I went back and changed the tick to No, which is east to do and then makes that section vanish when you click next next next however many times to get back to where you were!

Sent from my D5803 using Tapatalk

Share this post


Link to post
chris clean
12 minutes ago, Dave B said:

Leaving it a bit late lol

Just tick yes.. i always do..  makes no difference to your tax return that i can see

Not part of your earnings

Do you tick yes to receiving interest on your bank account Dave? On my bank statements which is a joint account my interest says after tax so unsure if i need to put it on tax return? Any advice appreciated cheers mate

Share this post


Link to post
chris clean
1 minute ago, Beccy said:

I think it's best to be honest and say yes, and it'll probably then ask you to say what tax was already paid. I did this once though and because the amount of interest I'd earned was so low, it was rounding it down to zero for me, then telling me I couldn't proceed without putting a figure higher than zero in! So I went back and changed the tick to No, which is east to do and then makes that section vanish when you click next next next however many times to get back to where you were!

Sent from my D5803 using Tapatalk
 

Ok thanks Becky really appreciate it

Share this post


Link to post
Dave B
1 hour ago, chris clean said:

Do you tick yes to receiving interest on your bank account Dave? On my bank statements which is a joint account my interest says after tax so unsure if i need to put it on tax return? Any advice appreciated cheers mate

Can't remember without digging my password etc out and logging on to view my tax return

I think i said no

Share this post


Link to post
chris clean
40 minutes ago, Dave B said:

Can't remember without digging my password etc out and logging on to view my tax return

I think i said no

Thanks anyway mate appreciate it. All done and submitted and bill paid. Big sigh of relief and out on the glass tomorrow doing the side of the job I do love 😁

Share this post


Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.