Self-Assessment Tax Form

JackoF1

Hi,

I received a Self-Assessment Tax Form in the post yesterday.

Should i pass it to my employer and why would i have received this? I can't remember getting one before.

Jack

srsly78

Do you own shares? Do you have any income other than PAYE?

Citizenpain

sometimes they are just sent out randomly as an audit --- i got one 2 or 3 years ago

it's your responsibility to fill out - your employer might help you but they dont have to

JackoF1

Thanks guys, i give the odd grind or two but nothing major. Could it be because of this, someone tipping them off or would this be completely random?

Citizenpain

could be either - i'd be inclined to assume its random

JackoF1

Ok, so basically i need to put in every single payment i've taken for each grind i've given?

srsly78

You are supposed to declare all your income.

CIARAN_BOYLE

JackoF1 wrote: »

Ok, so basically i need to put in every single payment i've taken for each grind i've given?

and your allowable expense

JackoF1

I think i'll need to get an accountant to help me with all of this as i don't know what are expenses and what aren't etc.

If it turns out that i don't owe anything do i still need to complete this form. I presume so?

Citizenpain

yes - afraid so - and include your employment income

basic rule for expenses is if they are wholly and exclusively related to the business then the are allowable

and the form 12 is for 2013 I assume? Do you need to do returns for 2012 or prior years?

JackoF1

Thanks, well i never received one of these forms before so do i need to include previous years too, i presume so.

Will i be fined for not doing this for previous years or how serious do they take this? I am sure a lot of people struggle with this as anything tax related i presume my employer informs me of, however i now understand that this is for any income even outside of my job.

Citizenpain

seperate form for each year -- download a form 12 from revenues website if you need more.

cannot comment on penalties & charges sorry.

JackoF1

Ok, thanks.

Legend100

I remember a few years back there was a small audit program by Revenue on giving grinds, They were focusing in on noticeboards in shops and supermarkets.

I always thought this was one of the strangest audit programs they ever took on as surely the tax leakage was small in the grand scheme of things

Sorry....off topic a bit there!

JackoF1

Thanks for the input... not off topic at all.

I would love to know if this was just random or has someone 'tipped them off'.

I've done a lot of freebie grinds too for relations, which involved me driving to them etc so i am sure when i get an accountant to go through it all it might turn out that i made a loss overall... this side of it does not bother me... i'd just like to know why i received the form.

CIARAN_BOYLE

JackoF1 wrote: »

Thanks for the input... not off topic at all.

I would love to know if this was just random or has someone 'tipped them off'.

I've done a lot of freebie grinds too for relations, which involved me driving to them etc so i am sure when i get an accountant to go through it all it might turn out that i made a loss overall... this side of it does not bother me... i'd just like to know why i received the form.

It could be a mistake, ring your local tax office and ask to speak to the income tax section.

Or it could be that they are circularising a % of people in high risk employments hoping to catch something.

Citizenpain

Mistake sending it out or not ; the op still needs to submit one fo each year he has grind income

JackoF1

Thanks guys, i'll get cracking with it...

Geuze

JackoF1 wrote: »

Thanks, well i never received one of these forms before so do i need to include previous years too, i presume so.

Will i be fined for not doing this for previous years or how serious do they take this? I am sure a lot of people struggle with this as anything tax related i presume my employer informs me of, however i now understand that this is for any income even outside of my job.

tHOUSANDS of people fill in Form 11 and Form 12 each year.

Your employer is not involved with completing them.

A form is for a particular year.

Geuze

JackoF1 wrote: »

I think i'll need to get an accountant to help me with all of this as i don't know what are expenses and what aren't etc.

If it turns out that i don't owe anything do i still need to complete this form. I presume so?

YES.

No need for accountant, unless you have complex income and/or expenses.

I have completed Form 12 with grind income, easy enough.

JackoF1

Ok, thanks for all of the help guys...