Are you due to pay tax in January 2010?

**lindylou** · 24-12-2009, 09:29 AM

Yes unfortunately yes i have just received mine and despite paying some monthly i still have 1600 left to pay started off well with the monthly payments shame never kept it up
Linx

**LeanneC** · 01-01-2010, 01:17 PM

Hi

Happy New Year to you all

I started minding on 1st April 09, will I need to pay any tax yet? Do you think I will get a form through the post?

**Chatterbox Childcare** · 01-01-2010, 02:19 PM

Originally Posted by LeanneC

Hi

Happy New Year to you all

I started minding on 1st April 09, will I need to pay any tax yet? Do you think I will get a form through the post?

You haven't finished the tax year yet of 09/10. Any tax that you need to pay will be by Jan 2011. Whether you pay any or not will depend on your profit.

**zillervalley** · 01-01-2010, 02:22 PM

I do my tax return on line the saturday after 5th april each year, i pay it straight away if i have to pay any

ziller

**zillervalley** · 01-01-2010, 02:25 PM

Originally Posted by LeanneC

Hi

Happy New Year to you all

I started minding on 1st April 09, will I need to pay any tax yet? Do you think I will get a form through the post?

as debbie said you will have to april 11 to pay , but will have to do your tax return in april 10 again, thats what i do and pay straight away

ziller

**Chatterbox Childcare** · 01-01-2010, 02:25 PM

Originally Posted by zillervalley

I do my tax return on line the saturday after 5th april each year, i pay it straight away if i have to pay any

ziller

Good on you. I like the money in my bank account though.

**PixiePetal** · 01-01-2010, 02:27 PM

Only £96 for me to pay

Due to a quiet spell mid way through the year.

Had a quiet time from July till now so might be low again next time. On the other hand we have rented out our old house and half the income is mine as such so that will push it up

Need to look into that one.

**Tink** · 01-01-2010, 02:29 PM

I started work in June 09 so will they send me something to tell me when I need to send my tax returns in?

**zillervalley** · 01-01-2010, 02:31 PM

Originally Posted by sazhazey

I started work in June 09 so will they send me something to tell me when I need to send my tax returns in?

dont know if they will send out to you, they may do, i would do it ina pril any way on line you have till january to fill it in and pay

ziller

**Chatterbox Childcare** · 01-01-2010, 02:32 PM

Originally Posted by PixiePetal

Only £96 for me to pay

Due to a quiet spell mid way through the year.

Had a quiet time from July till now so might be low again next time. On the other hand we have rented out our old house and half the income is mine as such so that will push it up

Need to look into that one.

when you have a rental you can allocate percentages of the profit/loss and it doesn't have to be 50/50. Worth looking into.

**Chatterbox Childcare** · 01-01-2010, 02:33 PM

Originally Posted by sazhazey

I started work in June 09 so will they send me something to tell me when I need to send my tax returns in?

If you have registered as self employed then yes you will get a return in Feb/March 2010

**Tink** · 01-01-2010, 03:09 PM

So do I just wait till then to fill it in?
sorry the whole tax thing goes right over my head

**PixiePetal** · 01-01-2010, 03:53 PM

Originally Posted by DebbieS26

when you have a rental you can allocate percentages of the profit/loss and it doesn't have to be 50/50. Worth looking into.

Def a profit, which is good. Money goes into joint account monthly via agent. Will look into it. Thanks. DH earns well and pays a shed load of tax so might be better to go my way.

**Chatterbox Childcare** · 01-01-2010, 03:56 PM

Originally Posted by sazhazey

So do I just wait till then to fill it in?
sorry the whole tax thing goes right over my head

You need to finish the tax year before you can fill it in.

Sit back and wait and call them if you don't have a form by the 2nd week in March and then if you are stuck call out

**Tink** · 01-01-2010, 03:58 PM

Thanks Debbie x

**mushpea** · 01-01-2010, 04:14 PM

Nope , mine was 400 pound but have been paying 10pound a week via standing order since i got the first bill and now its all paid,

gonna keep up the weekly payments though cause i havent missed the money and it will go towards my next bill

**cher25** · 01-01-2010, 11:20 PM

Stupidly only did my tax return last week. Got £377 to pay. Have most of the money aside for it already though. Just need to find the rest.

**Kelly** · 02-01-2010, 07:23 PM

I've got to pay £490

I'll be paying at the last minute I expect!

**Fitrix** · 05-01-2010, 02:08 PM

I was on another childminders chat forum and someone posted saying that childminders have the "two thirds disregard rule" - ie. 2/3 of what we earn we can disregard, then take our expenses off, then apply the personal allowance and only pay tax on what's left (not an awful lot!!). I';ve looked at all the usual sites NCMA / HMRC but can't find anything. Has anyone heard of this??

**Chatterbox Childcare** · 05-01-2010, 02:55 PM

Originally Posted by Fitrix

I was on another childminders chat forum and someone posted saying that childminders have the "two thirds disregard rule" - ie. 2/3 of what we earn we can disregard, then take our expenses off, then apply the personal allowance and only pay tax on what's left (not an awful lot!!). I';ve looked at all the usual sites NCMA / HMRC but can't find anything. Has anyone heard of this??

This is not true - it is an old "hypthetical" rule. You need to do proper accounts of correct factual income/expenditure, otherwise be prepared to an audit and big fines.