Taxing

Last week I got a letter from the taxman (also known as HMRC) regarding taxyear 2012/13. Supposedly I’ve not paid enough tax in that year.

Now that’s pretty impressive. It’s just about the only year in living memory where I was

  1. Employed – throughout that year – by one company
  2. On PAYE throughout that year
  3. Didn’t change any tax-relevant details
  4. Didn’t have to fill in a tax-return of my own
  5. Was purely reliant on my employer and HMRC to get my tax correct.

And still it’s fucked up.

Of course, I’m going to have to pay it. I don’t mind paying when it’s part of my earnings (well I do, but that’s a different thing) or if I’d made a mistake in estimating what tax I should be paying. I can live with that – it’s a pain in the tits, but I can understand what I have to pay, and why.

What I really do fucking mind is that I have to pay that tax when it’s been underpaid through no damn fault of my own. My employer of the time won’t be penalised, and won’t have to pay for their cock-up. HMRC won’t pay on it for their cock-up.

For that tax-year, it is ONLY possible that the error can have come from my employer, or HMRC themselves. (Who would only have dealt with my employer – not me directly) But it’s me that’s going to have to pay an extra £50 per month to rectify it next tax year.

Cunts

[Addendum : Because of the bankruptcy, from August of that tax year I shouldn’t have paid tax anyway, it should all go to the Official Receiver until August 2013. So that’s going to be a whole different lump of fun/hassle. I’m waiting for them to sort out this first stage before I then totally confuse things]


All MOTd And Done

Today was the day for getting the Slab’s MOT done (for non-UK readers – MOT test is an annual test/certificate of basic vehicle roadworthiness for cars over three years old)

I already knew it needed a new front wheel bearing which needed replacing before it would pass the MOT, so I got that done as well. And that was all it needed – passed with flying colours, and all good.

The difference in driving noise now the wheel-bearing’s sorted is amazing – it’s now running almost silently. I hadn’t appreciated the change it would make, but now it’s done it’s really surprising.

This is A Very Good Thing, and has made me happy.


One Year On

It’s now roughly a year since my Mondeo killed itself on the outside lane of the M1. It’s pretty scary how time flies sometimes. At the time I was lucky, because despite certain essential bits of the engine having effectively exploded I was able to coast/chug across to the hard shoulder. I suspect that whatever it looked like from outside the car caused some brown trousers on the part of other drivers, but there were no collisions or dangers.

That was really my last “oh shit!” moment when it came to finances. I honestly didn’t know how I could work it out to sort out a replacement vehicle, what the hell I was going to do with Mondeo, or even what I was going to do while waiting for a replacement vehicle. I spent a couple of very cold hours on the hard shoulder of the M1, waiting for the recovery vehicle and trying to work out what I could do next. I was pretty sure that repairing Mondeo was unfeasible – which was confirmed once the recovery people turned up and did their diagnostic tests – so I knew that was likely out.

Fortunately, I got somewhat lucky. Once I got home I was able to get in touch with the people handling my bankruptcy, explain the situation, suggest a plan of action, and within an hour they’d agreed to it, which freed up a certain amount of money. I also organised an advance on my pay with my employer, allowing me to rent a car for two weeks until I got paid. It was a real juggling act, but I got through it.

And in the end I got the Slab, which has so far served me well. I got a good deal on it, although there were some things I didn’t consider at the time- particularly what amount of vehicle tax I’d pay on the thing.

I did OK in the end, and things have continued to improve ever since then. I hope I’ll never be in that situation again, but as with so many things, if it does happen, I know I can handle it again.


Year End

Here we are, at the end of 2013. It’s been an eventful old year, what with one thing and another.

In no particular order – and probably leaving out a load of lesser stuff – my 2013 has consisted of…

  • Having Mondeo kill itself in the outside lane of the M1 – always an interesting experience
  • Renting a Renault Megane for two weeks – the shittest car it’s ever been my displeasure to drive
  • Buying the Saab as a replacement for Mondeo, and it’s done well so far.  Handing back the Megane was also an absolute joy
  • Countless meetings all over the country
  • Completing my bankruptcy period – it stays on the record for four more years, but it’s discharged now
  • Being made redundant from the job I started the year with
  • Going back to contracting and
    • getting the first job I applied for – indeed, they offered it to me at the interview, and wanted me to start immediately
    • And the second – although it turned out to be shit
    • And indeed the third – on that one they offered after phone interview, without even meeting me
  • Forming my new company, which will start trading from mid-January
  • Sorting out an ISA savings account – which actually has some money in it!
  • Continued writing, and getting some ideas out onto keyboard/paper – time will tell how successful that stays
  • Been able to purchase some stuff I didn’t have in the new house – like a proper bed-frame, etc.
  • Caught up with friends, some of whom I hadn’t seen in far too long
  • Attended two weddings – and another one’s already booked for 2014

All told, it’s been pretty busy, somewhat hectic, highly changeable, and not a bad year at all. Sure, things could have been better/smoother, but when all things are considered, I’d say it’s been a positive year.


Cinematics 2013

This time last year, I wrote about the number of films I’d seen in 2012, thanks to that Cineworld Unlimited ticket.

Last year, in six months I saw 26 films.

This year, I ended up seeing 65 films – and all for the princely sum (over the year) of £192. Cineworld raised the price of the card to £16 per month – from £15 – but that still means that seeing more than one film a month means the card pays for itself. And that doesn’t include the extra discounts (now 25%) on any food/drink I happen to buy at the cinema. (not that I bother in general, but still, it’s the spirit of the thing)  That’s a pretty sweet deal for someone as geeky as me.

When you work it out per film, that means I paid £2.95 per film. That’s ridiculous. Hell, I don’t even pay for parking at the Milton Keynes Xscape one – if you go during the day and pay for parking, you tear off one part of the ticket, and they refund that too.

I really don’t understand how Cineworld makes money off these tickets – except, I suppose, that it’s guaranteed income for the year. One assumes that they hope that the majority of card holders come and also pay for food/drink/popcorn (sorry, but popcorn just isn’t food) which boosts it up. It’s either that, or they hope it’s like gym membership, and people sign up for the year, then don’t come as often as they expect/plan to.


New Tyres

Today, the Slab has had two new front tyres, from eTyres.  As I’ve written previously, I’ve done a goodly number of miles on them since getting the Slab, and I’ve no idea how long they’d been on the car before I got it.

While I’ve not noticed anything particularly wrong with the previous ones, I also don’t/didn’t trust them as much as I should. There’ve been little niggling ‘well, that doesn’t feel right‘ moments that’ve felt like momentary loss of grip – particularly at very slow speeds – and my previous history of tyre loss isn’t positive, so I decided it was time to get replacements.

For those who don’t remember, so far my tyre losses have both been fairly explosive blowouts, and both times in the outside lane of a multi-carriageway road. (It turns out I didn’t write about the second one, which was in August 2012 – I must’ve had my mind on other things!) In both cases, I can certainly tell you that adrenaline is somewhat brown.

So yes, with that kind of history when it comes to tyres failing at the most inopportune moments, I figured it was best to be pre-emptive and get them changed sooner rather than later.

The Slab is a front-wheel-drive car, so for now I’ve left the back tyres alone. (Yeah, I know, they’ll be the ones to blow now) I’ll probably change them early in the new year though – and I did get the nice man from eTyres to check them, just in case they were more chuffed than I suspected.

I’ve no idea yet whether the change will make/ have made any difference, but I certainly feel happier for having had them changed.


Death of a Bankrupt

Since declaring myself bankrupt in August 2013, I’ve noticed it a lot more in the news. That’s not to say it’s in the news more (or even less) often, merely that I notice it, having been through that process.

So I found the story yesterday about the suicide of Paul Bhattacharjee to be very sad.  From the evidence, it looks like he had been declared bankrupt, and killed himself as a result.

Of course, that wasn’t the entire cause – his widow said he was a “proud” man who had a “darkness inside him that was irreparable”.

‘The bankruptcy was the final straw after a life of major highs and lows’

From a personal side, I can absolutely understand the perceived ‘shame’ of bankruptcy – and probably more so when someone else has declared you bankrupt rather than it being a decision made by yourself. It’s had a stigma for a very long time – and again, it’s an understandable stigma. It’s about saying ‘I can’t afford to pay my debts’, and should never be treated lightly.

However, from my own experience, I don’t think it is The End. In many ways it’s a new start, as I’ve said before. There is a shame, a pain to go with the process – and I wouldn’t recommend it to anyone without knowing their entire situation, or as anything except a last resort. It is emphatically not a quick fix, or a “get out of jail free” card.

But shameful? In these days of debt, loans, finance and borrowing? I don’t know that it’s as bad as it was even fifty years ago. It’s more commonplace certainly – although at the moment it appears that personal insolvencies and bankruptcies are falling (and have been since 2009)

personal_insolvencies_since_2003

(That graph comes from the Insolvency service, and is copyrighted to them)

I completely understand why someone would feel the stigma and shame of being declared bankrupt and feel the need to kill themselves as a result – and probably even more so when that person also already has a history and core of depression – but in many cases it is not The End. It is  the end of the stress, the pain of being chased from pillar to post by creditors, the hassles of interest, mounting charges, and juggling finances, knowing that it’ll only take one tiny change or event to push you off the edge of the cliff.

It’s not an easy process – I know I’ve no intention of ever going through it again, and (as I’ve said already) I wouldn’t recommend it to people except as a final option. It is the death of many things, of the life you know, and sometimes of the things you have. It’s a loss, and as such perhaps is a thing to grieve, to regret, to learn from.

But what it also is, though, is a relief. A new start. An ability to rebuild your life from a stable foundation, to build everything back in a better, more stable – and a debt-free – manner. It’s a struggle, but it’s also a new life, if you allow it to be.