My first year return was partly full time employment & part time self employment. I expected to pay a certain amount but it seems they have calculated it out & i dont owe anything. Is it better to leave it there in case they come looking for it later? Will it just be added to my next year as a credit then?
Not got a clue as this is my first time as self employed
Reclaim it - even if you put it in a bank, it will earn interest. Always owe the taxman money, not the other way round!
Double check that you have declared all your income and tax paid. The overpayment will automatically be carried forward to next year as a credit if you do not claim it. On the basis the money is better off in your bank than theirs - I would claim it. Just got my 1st year Self Assesment return back! Seems im due a refund ::
Reclaim it - even if you put it in a bank, it will earn interest. Reclaim it - even if you put it in a bank, it will earn interest. Always owe the taxman
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AuburnPub.com - Two Cents::
Sounds like Auburns a real corrupt little city --- just seems like this whole the crime of getting caught when he got a little on the side--when they
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Query it. That way you have proof you weren't scamming them if they have made a mistake, and you can claim it with clear conscience if not. I wouldn't leave it there as credit. I've never claimed my refunds, and I don't think I benefited from it!
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