“I am farmer, market gardener or a creator of literary or artistic works and I wish to claim averaging adjustment.”

So specific

by candiebandit

29 comments

  1. This is why I pay my accountant, do my returns straight away and not wait for January

  2. its because their profits tend to be very variable (a bad year can wipe a farm out) so the averaging basically takes looks at the last few years and takes a rolling average so they’re not hit by a huge payment based off a good year, when their next year is terrible.

    c. trainee accountant (work mostly in accounts, but someone from tax team explained this like last week)

  3. I fucked mine up this year and didn’t claim enough back… Gotta go and try and get an adjustment or try and roll it into next year’s as owed.

  4. I’ve not been self employed for 15 years and it doesn’t matter how many times I tell HMRC I still get to fill one out every bloody year.

  5. Oh wow that’s due, would have been nice if they’d reminded me at all

  6. There is quickbooks. Taxo etc, you want to save a penny then don’t blame the return is hard…

  7. That’s my accountants job. April comes, and I’ll get 4 grand or so back, happy days.

  8. Standard I owe them £2.5k, they owe me £2.5k, can we just shake and agree? No! I have to pay them or they’ll fine me, they’ll try and pay me, hopefully before December.

  10. I do these for a living and the HMRC site is hard work. We use expensive practice software to file everything so thankfully it is very rare we have to deal with it. It will get the job done eventually though

  11. Not just the self employed. Paye may be invited to complete one for various reasons.

  12. I wasn’t self-employed but as a Merchant Navy officer had to submit a return. There were companies to do it for me as I often didn’t have time.

  13. Think yourself lucky it isn’t the old paper version – at least the web one asks you a series of questions to then only ask you to fill in the relevant parts.

    We used to have to worry if our fishing nets or barrister’s wigs were deductible.

  14. I can understand dealing with taxes is somewhat soul sucking, but the actual process of filing your return with HMRC is very straightforward.

    Be happy you’re not an American tax payer.

  15. You made me realise I completely forgot to do mine. Thank god you made this post!

  16. Shout out to all the self employed/ tax return folk who pay my employers to do this annual nonsense on your behalf, you help pay my mortgage. 😂 Tax return freedom day is nearly upon us, fellow accountants!!

  17. Does anyone else stare at their tax return, and panic about the most ridiculous things? I found myself re-reading and double checking the “registered blind” tick box. I’m not blind, I’ve never been blind, but there’s something about the HMRC website that makes my brain shut off.

  18. The UK system for self-employed tax returns is actually so nice and simple compared to other countries. UK government websites in general are extremely well written, with everything broken down into small chunks of plain English. There are also lots of hints for particular sections and some guide videos for the more complex parts. Never had any issue whatsoever.

    I know your example is quite funny because it’s so specific, but it’s generally very clear whether a section applies to you or not (I think we all know whether we’re farmers, market gardeners, or creators of literary artistic works, or not).

    I’ve moved to Portugal and it’s extraordinarily complex in comparison. I speak fluent Portuguese, but some sections are written with no thought whatsoever of whether the average person could understand them. We also have to file four different types of return at various points in the year, each having its own separate method, whereas in the UK, it’s generally filed as one single return once per year.

  19. God I hate SA.  Why can’t they make it more streamlined…

  21. I had to go VAT registered this year so my return due April will be digital and therefore much easier! This one however, I finished this afternoon after 48 hours frantically collecting receipts and trying to remember what I was doing over a year ago!

  22. “If you live in a council house by a river but are not blind…”

  23. I’m looking at setting myself up as self-employed, having been made redundant a few weeks ago… don’t scare me! Haha

  27. Got myself a tasty £100 rebate for reasons I absolutely do not understand.
    Computer says rebate, I say thank you.

    I cant imagine doing a self-assessment tax return on paper, the website with all the little help articles and YouTube videos is wonderful.

  29. Mate. You are doing your tax now?
    Jesus fuck man, you do know the deadline isn’t like a bullseye you have to land dead in the centre of?

Leave a Reply