Previously I declared myself self employed due to some small earnings totalling less than £100 per year. But I haven't done that for nearly two years. BUT I haven't undeclared myself as SE so I still have to fill that form in.
So I filled everything in expecting to see Total: £0.00, but.. SURPRISE!
HMRC calculate my total as £248! I couldn't believe they wanted that
much for earning nothing. But it turned out that that it was actually
a student loan repayment.
I didn't think I'd earned enough to trigger it but on investigation I
have so fair enough I'll be paying it. But I would have thought it
would come out of my PAYE salary. Did HMRC instruct my employer to
not make any payments so that its done at SA time?
Also, I filled in the interest I earned from banks and it looks like HMRC
are including that as my taxable income even though my bank already
deducted tax. Should I declare £0 for bank interest?
- posted 7 years ago