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This thread is non-euclidean, for it has no point
Papersatan:
Jan 31st is when employers/banks are supposed to have your paperwork to you (telling what you earned and what not) so you can file your taxes anytime after that. We usually do ours that week since they are not complicated, and we've always gotten our refund around valentines day (it's frequently what we use to pay for a night out).
cesium133:
The only time my tax refund has been delayed was in 2013. The reason for that was one of the forms I use (for a tax credit based on the fees I pay as a grad student) was being redesigned that year to make it more confusing (seriously, why would you make a form that requires the person filling it out to start at the end and work toward the beginning?), and they didn't have the form available until March.
pwhodges:
The UK system (PAYE - Pay As You Earn) has the Inland Revenue provide a code to your employer which tells them how much tax to deduct each month. If your tax position changes during the year, the code is changed, and the adjustments are made automatically on future salary payments. If they find there was a mistake during the year, the correction will be factored into the code for the next year, if you owe them, or repaid to you if they owe you.
If you have non-salary income other than UK savings which are taxed by the bank directly, then you may need to fill in a tax return and pay the additional tax bill when presented; you may be asked for an estimated amount up front if this is continuing year on year.
SubaruStephen:
--- Quote from: Akima on 15 Feb 2015, 03:44 ---
--- Quote from: SubaruStephen on 13 Feb 2015, 21:29 ---$5 says you don't understand this one.
--- End quote ---
Well... I'm guessing that is a hydraulic clutch.
--- End quote ---
Oohh, so close, but no $5 for you. It's a Mercedes automatic vacuum operated clutch/torque converter combo
http://www.mbzponton.org/valueadded/maintenance/hydrak.htm
http://www.mbzponton.org/valueadded/maintenance/Hydrak_1_10.pdf
--- Quote ---And "Hail Hydra" is a comic-book thing, isn't it?
--- End quote ---
You haven't seen the Captain America movies? Did they retitle them to "Captain Australia" down there?
Akima:
--- Quote from: pwhodges on 15 Feb 2015, 10:38 ---The UK system (PAYE - Pay As You Earn) has the Inland Revenue provide a code to your employer which tells them how much tax to deduct each month. If your tax position changes during the year, the code is changed, and the adjustments are made automatically on future salary payments.
--- End quote ---
Australia's system is similar for employed people, except that the code adjustment is voluntary. Your employer deducts income-tax from your salary according to the amount you are paid, and at the end of the year issues you with a "Group Certificate" (in the UK it is a "P60", I think?), which you submit with your tax-return. If you have a tax-deductible expenditure (interest on certain loans, for example), you can apply to the ATO, and have it deducted from your PAYE payments, but many employees don't want the company pay clerks to know their private financial affairs and so don't do this*, but instead claim back at the end of the year.
*In Australia, mortgage (home loan) interest payments on your own home are not tax-deductible, so having deductible loan-interest implies that you are engaged in "negatively geared" investment in property, shares etc. which has at times been politically controversial as a form of tax-avoidance by high-income individuals.
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