Owing tax man on paye

worktotime · Post by **worktotime** » 23 Sep 2019, 10:20

yes I got one because I got a phone on my bundle which was suppose to be tax and ni free as that's your savings , but the tax man has said no its not tax free and I got a bill to repay the tax back , so my tax code has changed to pay it back .

dawsonmcc · Post by **dawsonmcc** » 26 Sep 2019, 09:44

I got one today to say I owe £502 for benefit in kind from royal mail. I got a phone and laptop so not only do I have to pay the price for the stuff but then get screwed over by the tax man. Would have been cheaper getting the stuff on a credit card.

dawsonmcc · Post by **dawsonmcc** » 26 Sep 2019, 09:44

I got one today to say I owe £502 for benefit in kind from royal mail. I got a phone and laptop so not only do I have to pay the price for the stuff but then get screwed over by the tax man. Would have been cheaper getting the stuff on a credit card.

Dindin · Post by **Dindin** » 26 Sep 2019, 12:31

dawsonmcc wrote:I got one today to say I owe £502 for benefit in kind from royal mail. I got a phone and laptop so not only do I have to pay the price for the stuff but then get screwed over by the tax man. Would have been cheaper getting the stuff on a credit card.

I've had no benefits in kind from RM I'm on married allowance

Post by **CPTNemoUK** » 26 Sep 2019, 14:10

I got one today I owe 317.80. Must be because I got some stuff on my bundle. Its only £6 a week I wont lose any sleep over it.

Dindin · Post by **Dindin** » 26 Sep 2019, 16:39

My code is 1367 mo

Rob · Post by **Rob** » 26 Sep 2019, 18:57

I got a bill for £77 tax underpayment for my dental insurance through My Bundle. I was under the impression that you didn't pay tax and NI on the bundle price but it seems they want it back at the tax year end. It's not a large amount but seems a bit underhand.

yellowbelly · Post by **yellowbelly** » 26 Sep 2019, 19:11

Rob wrote:I got a bill for £77 tax underpayment for my dental insurance through My Bundle. I was under the impression that you didn't pay tax and NI on the bundle price but it seems they want it back at the tax year end. It's not a large amount but seems a bit underhand.

HMRC got wise to these schemes a few years ago and closed the loopholes that made some of these benefits tax/NI free.

Which ones are tax and/or NI payment free is clearly shown in the My Bundle booklet I've got from early 2016.

JJM · Post by **JJM** » 26 Sep 2019, 21:00

I have also received a P800 with a tax bill of £338.60. My benefits in kind were for an IPhone package totalling £1453. Does anyone know how this tax bill is calculated as this is not 20% of the cost of the package originally purchased?

twoloops · Post by **twoloops** » 26 Sep 2019, 21:31

I wouldn't worry about it by the end of the tax year and a budget, I doubt you will end up owing anything.

Captrooper · Post by **Captrooper** » 27 Sep 2019, 14:22

barncopxx wrote:I got a demand for £52.80 this week. I phoned not only HMRC but RM HR as well as my take on it is that I have never had any My Bundle stuff so RM should have stopped the right tax for what I earned and passed it to HMRC.
I was told by both, that it is because every 7 years we have a week 53 (as we did this year). Each year HMRC estimate our next tax year total earnings in advance, then takes off our tax free allowance, leaving what they estimate will be our tax due for the year on the balance. This total for the year is then divided by 52 as we are paid weekly and the answer is used to generate our tax code. BUT, as this is over 52 weeks, the week 53 is over and above and therefore not included in the estimate, hence the underpayment which is around £1 per week. Whether this is right or wrong I don't know but simply conveying what I was told.

solid answer but since it happens every 7 years you would like to think they have a process in place to head this off rather then dealing with it afterwards. appreciate the detailed answer saves me phoning both and going through it

thedonkey · Post by **thedonkey** » 27 Sep 2019, 17:42

I got a similar you haven't paid enough tax letter. The every seven years explanation sounds plausible except I have never had one before and I have been paying tax for a lot longer than 21 years. I have never used any of the my bundle offers or any scheme that takes payment from my wages.

I wonder if Richard Branson, Amazon and a huge plethora of rich men got one too.

k979aaa · Post by **k979aaa** » 28 Sep 2019, 07:03

thedonkey wrote:I got a similar you haven't paid enough tax letter. The every seven years explanation sounds plausible except I have never had one before and I have been paying tax for a lot longer than 21 years. I have never used any of the my bundle offers or any scheme that takes payment from my wages.

I wonder if Richard Branson, Amazon and a huge plethora of rich men got one too.

No they don't have to abide by our rules not naming anyone. but if you do get any letter just check it is a legit one HMRC or other means of communication with those who deal with these matters.

Babytel2017 · Post by **Babytel2017** » 22 Oct 2019, 21:36

I got one too for my bundle dental insurance: if government changed rules in 2016 why are we still being sold the tax free line??

Babytel2017 · Post by **Babytel2017** » 22 Oct 2019, 21:36

I got one too for my bundle dental insurance: if government changed rules in 2016 why are we still being sold the tax free line??