Aghhh had my tax bill

**2kidsunder5** · 13-08-2008, 09:30 PM

Originally Posted by sarahnev707

I don't pay NI - I have an exemption certificate because I have children at home

I have children at home but don't have an exemption certificate? I pay Class 2 by DD each month (or standing order get those 2 mixed up)

So how do you get one then ?

Diane x

**charleyfarley** · 13-08-2008, 11:31 PM

Originally Posted by 2kidsunder5

I have children at home but don't have an exemption certificate? I pay Class 2 by DD each month (or standing order get those 2 mixed up)

So how do you get one then ?

Diane x

Me too, I used to have an exemption certificate but hubby kept moaning that I wouldn't get a pension so I ended up paying class 2.

How do you check on your pension Sarah?

Back to tax bill, I've never paid tax and don't intend to either. I'll keep my numbers down if need be

Carol xx

**Chatterbox Childcare** · 13-08-2008, 11:37 PM

Class 4 is not compulsory until you make a profit.

You can get an exemption from NI but I believe Class 4 will be paid as above.

To secure a contribution towards your pension and get maternity and sickness benefits you would need to pay voluntary class 2 which is approximately £8-£11 per month.

Hope that helps

Debbie

**sarah707** · 14-08-2008, 06:42 AM

This is information about home responsibilities protection...

http://www.direct.gov.uk/en/MoneyTax...ne/DG_10018691

This is information about how to get a state pension forecast...

http://www.thepensionservice.gov.uk/...ecast/home.asp

Like I said, they try to panic you, saying if you don't pay NI you might not get a full pension... but when I checked mine was fine

**Chimps Childminding** · 14-08-2008, 06:42 AM

Originally Posted by Lou

This exact same thing happened to me last yr!!!!!!

So this year i sent mine off to an accountant, i earned roughly the same as last yr and had put a similar amount through in expenses, but in stead of having a £1200 tax bill, i had a £70 bill for accountant and no tax to pay!!!!!!

Well worth it, i highly reccomend it, i will deffo use him every yr from now on!!!

Thats the other thing I had thought about, using an accountant, I usually do it myself and have put through everything I can think of, but it might be worth getting a professional to do it.

I do pay Class 2 NI by DD, but of course extra was added because I was over the allowance.

Still deciding whether to try and cut down on numbers. Hubby away at mo so will chat to him about it when he gets back, there doesn't seem much point being kna*****d every night to hand the money over to the good old Inland Revenue

**Chatterbox Childcare** · 14-08-2008, 06:45 AM

Originally Posted by topchick_dav

Isnt the class 4 NI compulsory?

No it isn't compulsory. You can get an exemption from all NI, pay class 2 voluntary which is about £8-£11 per month and then the class 4 comes in when you make a profit over your allowance.

Hope that helps

Debbie

**Chatterbox Childcare** · 14-08-2008, 06:48 AM

oops answered it twice - sorry!

Another bit of info is that when you have a child (up to the age of 21 for the first time) the govenment classes you as at home and those 21 years goes towards your pension. You can get hold of the pension office and they will send you a present and current forcase of your pension. Haven't got the number to hand but it was on the Inland Rev website.

I did my class 2 in case of illness as we had a childminder in our area that was off long term sick and she was able to claim - makes you think!

Debbie

**melanieabigail2004** · 14-08-2008, 07:08 AM

Its def worth doing class 2 ni as when I had dd #2 I claimed maternity allowance which worked out at approx £80 a week - better than a kick in the teeth!

Mel

**Mrs.L.C** · 14-08-2008, 08:20 AM

Originally Posted by DebbieS26

No it isn't compulsory. You can get an exemption from all NI, pay class 2 voluntary which is about £8-£11 per month and then the class 4 comes in when you make a profit over your allowance.

Hope that helps

Debbie

IM just windering if thats why my bill is so high. I pay class 2 and this year I have been taxed on £8000 after expenses. Is this why class 4 has been added on?

**Minstrel** · 14-08-2008, 09:51 AM

Back original question and it could be tax for next year. my cousins OH is a self employed plumber and has been asked to do this so he has to find an extra £2500. we were talking about it only this weekend.

**Schnakes** · 22-08-2008, 06:03 PM

Odd...I thought I had replied to this but my message isnt there.

Anyway! I feel your pain. I got a rebate last year so I didnt bother putting anything away...this year - £2500 bill with an extra £800 to pay "on account". (Is that a new thing???). I cried my eyes out when I got the bill!!

So this year i sent mine off to an accountant, i earned roughly the same as last yr and had put a similar amount through in expenses, but in stead of having a £1200 tax bill, i had a £70 bill for accountant and no tax to pay!!!!!!

Lou - really? How did they do that??? Also - can I have your accountants number!!

Sx

**Schnakes** · 22-08-2008, 06:16 PM

Okay, Im officially going mad...I had posted on another thread. Gah! Luckily they are very similar threads!

Sx

**Chatterbox Childcare** · 22-08-2008, 09:44 PM

You can have an exemption of Class 2 NI which is voluntary but my understanding is that it you make a profit over the £6035 allowance you automatically get charged Class 4 based on the amount.

Debbie

**brillminder** · 23-08-2008, 06:11 PM

its always worth putting some cash away if you dont have to pay tax then its a nice bonus

**debsthepixie** · 25-08-2008, 05:17 PM

I have been registered since Jan of this year. I am worried as I haven't had a tax return yet do I get one for the first year. Help I need advice!!!!

**sarah707** · 25-08-2008, 05:34 PM

Originally Posted by debsthepixie

I have been registered since Jan of this year. I am worried as I haven't had a tax return yet do I get one for the first year. Help I need advice!!!!

Have you told them you are self employed?

You should have had a return in April... I'd chase it if I were you.

Just try and keep your expenses and income figures up to date so it won't be as scary when it arrives

**debsthepixie** · 25-08-2008, 05:57 PM

yes I told them within in 3 weeks of Childminding I informed them online

**sarah707** · 25-08-2008, 06:11 PM

Originally Posted by debsthepixie

yes I told them within in 3 weeks of Childminding I informed them online

Hmmm then I'd give them a ring

**Tily Bud** · 25-08-2008, 06:42 PM

I cant believe how much some of you have had to pay

I dont know how i would find that x Ive been a chiildminder for 5 years now and never had to pay tax x I think i might start putting some away just in cas though x

**Chatterbox Childcare** · 25-08-2008, 09:10 PM

Originally Posted by topchick_dav

IM just windering if thats why my bill is so high. I pay class 2 and this year I have been taxed on £8000 after expenses. Is this why class 4 has been added on?

Laura it probably has something to do with it. If you go back and look at the payment summary on line it does split it up and give you the income tax part and the NI part

Debbie