- Original Poster
- #1
Hi Guys,
I've just been completing my first SA tax return via HMRCs online service.
Basically i've been running a part time business in addition to being employed during tax year 10/11 however i've got a query that i cant seem to find any info on.
Basically the rest of my tax return is completed to the best of my abilities and my total taxable income for 10/11 is around £30k (this include my employment income which was taxed through PAYE + self employed business income)
Now i've filed my tax return i assumed it would now show the total NIC class 4 + Income tax due however it is only showing the total NICs i need to pay, so i've paid this off but im confused where do i find out how much income tax i owe to pay it before 31st Jan?
Looking on the PDF readable tax form generated the only thing i can find with regards to this is a section that says
"If you owe tax for 2010-11 and have a PAYE tax code, we
will try to collect the tax due (if less than £2,000) through
your tax code for 2012-13, unless you put 'X' in the box"
However this is under "If you have not paid enough Tax"and also this box is unticked, so i assume they auto calculate my income tax based on the business profits and will deduct it through my PAYE income via my employer?
Anyone have any ideas about this as i was told by someone i need to pay income tax & Nics for 2010/11 by 31st Jan 2012?
Cheers
I've just been completing my first SA tax return via HMRCs online service.
Basically i've been running a part time business in addition to being employed during tax year 10/11 however i've got a query that i cant seem to find any info on.
Basically the rest of my tax return is completed to the best of my abilities and my total taxable income for 10/11 is around £30k (this include my employment income which was taxed through PAYE + self employed business income)
Now i've filed my tax return i assumed it would now show the total NIC class 4 + Income tax due however it is only showing the total NICs i need to pay, so i've paid this off but im confused where do i find out how much income tax i owe to pay it before 31st Jan?
Looking on the PDF readable tax form generated the only thing i can find with regards to this is a section that says
"If you owe tax for 2010-11 and have a PAYE tax code, we
will try to collect the tax due (if less than £2,000) through
your tax code for 2012-13, unless you put 'X' in the box"
However this is under "If you have not paid enough Tax"and also this box is unticked, so i assume they auto calculate my income tax based on the business profits and will deduct it through my PAYE income via my employer?
Anyone have any ideas about this as i was told by someone i need to pay income tax & Nics for 2010/11 by 31st Jan 2012?
Cheers
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