company charges for tax returns.

[jmunns]

Hi all,

I've recently started work and part of it is working through a company which deals with my returns. However, for this service, the company wants eighteen pounds a week. Is this considered a normal price for managing an individual's tax returns? Thanks for the help!

 

[Deleted member 26818]

Is this company called Fairgate?
I suspect that you are working through an Agency and using a pay roll company?

 

[jmunns]

Hi, yeah that is basically the set up, although its not through fairgate, it's a company called vision.

 

[Deleted member 26818]

£18 isn't too bad, a company called Sterling charges £23.
I believe Gabam only charges £17.50.

 

[moospark]

Another layer of parasite. Basically, agencies have to work through C.I.S (Construction Industies Scheme), so taxman gets his 20% upfront. Upside is, first 10K or so is tax free, so you can get rebate of 2K, nice little hit once a year.
Make sure you have a U.T.R. number or you'll be paying 30%! That stings.

 

[Deleted member 26818]

All changed at the beginning of the tax year.
We are now paid PAYE, though no one actually employs us.
This means we have to meet the employer's NI contribution out of our money (about £50).

 

[mechelec]

Another layer of parasite. Basically, agencies have to work through C.I.S (Construction Industies Scheme), so taxman gets his 20% upfront. Upside is, first 10K or so is tax free, so you can get rebate of 2K, nice little hit once a year.
Make sure you have a U.T.R. number or you'll be paying 30%! That stings.

30% ?? Get on the books and try 40% now that really hurts.