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T O P I C    R E V I E W
leakie Posted - 04 February 2010 : 03:01:51
Hi All
I had to declare my earnings for 2008/09 tax year, to make a claim for the above,

Now I went BR in Jan 09, I had got myself in a muddle with the accounts before BR, so did not know what my profit would be from april 2008 to the time of BR, OR has all the paperwork.
On my Tax return I could only declare post BR profits, which were very low as I had only been trading for a couple of months.

When I spoke to the above informed them that I went BR and what I was declaring on the tax return, and they accepted this,

Checked my Bank balance today and they have deposited a very large amount into my bank account,

Surely this can not be right,

I transferred it to my deposit account so I don't get temped to spend it, just in case they want it back.


Any thoughts on this would be welcome.


All the best

Leakie






4   L A T E S T    R E P L I E S    (Newest First)
RHB Posted - 04 February 2010 : 17:38:36
Why not ask for the paper work back? You don;t want to get in dent again & the onus is on you to give the correct info.
leakie Posted - 04 February 2010 : 17:31:06
Hi RBH
I understand that they run from April to April
But I am unable to tell them what the profit would be,
before I went BR, The OR has all the paperwork,
So I could only give them what I had earned post BR, as I was made BR in the January, I did not earn much
in the next few months,
I explained all of this to them,

All the best

Leakie
RHB Posted - 04 February 2010 : 07:22:02
Just wanted to add that they are very strict & if they pay you wrong would want the moey back. By the sounds of your post you know somethings not right so I would phone them & ask to speak to someone who can help you go over it all.
RHB Posted - 04 February 2010 : 07:11:59
Tax credit runs from April to April of a year, so you should have declared all profit made between those dates.

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