| Don't know about the bike, but I can give you a quick tip on the Inland Revenue....
I changed jobs last financial year and due to an administrative balls up by more former employer, I ended up owing IR about £12k. I had that money without too much issue and didn't have to sell all my lovely toys (phew!)
However, what IR have done now is "estimate" my tax liability for the '03/'04 financial year and are asking me to pay £6k upfront. This is a complete load of rubbish because I've figured out that I owe them about £2 in total and they probably owe me once I factor in all my Gift Aid 28p in the Pound tax break. The only way to get the IR off my back is to get my return in asap and not wait the usual couple of months.
So the moral to the story is, don't let them try to tell you that you still owe a whole bunch on the next financial year just because you did on the last!
Oh, and make sure you get your returns in on time because they'll charge you with a late fee and interest on any amount owing!
Have I had fun with the IR over the last few months or what...........
Phill  |