Just a very quick post here about our early Self Assessment submission. Sit tight, it’s a gripping read!
The old HMRC self-assessment has been filled in again for this last tax year. I’m getting sloppy and it’s almost taken me 2 weeks to do it! That’s what having kids does to you. I managed to get it done last night when everyone had gone to sleep and it took about an hour to do. That’s in part thanks to it being simplish and in part to me having all the information at hand (or at least close at hand).
Thanks to investing in VCTs, we’ll receive a nice payback from the tax man in a few days from both the Lady and my contributions. Maybe the investments won’t be good but the 30% tax relief is good, dividends are tax-free and we use them to reduce our income taxes to close to zero.
Savings interest (including P2P) has been pitiful – partly in thanks to bad debt (yay for bad debts!) but our EIS investments are paying nicely.
I did a huge amount of miles for work this year and that more than offsets the fuel card (a nice £2500 a year bonus). I hate cars but the “free” fuel does make it slightly hard at times to grumble that much.
No CGT to pay on beerco – still waiting to sell those shares.
I should get the refunds by the end of the month and that’ll be a welcome boost to the family coffers – the Lady is down to SMP this month meaning times are getting touch at the GFF Castle.
How’s your self-assessment looking? Got it done already? Leaving it to the accountant? Don’t bother (tax is for little people?) or are you a leave it to the last minute? If you are a see-farer please get in touch, why does every SA form have a section just for pirates?