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Showing posts with the label hacienda

Not quite sure

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The country is gripped by election fever but, rather than tell you about that, I'm going to tell you about my fun with the tax people. In Spain the tax people, Hacienda, prepare a draft return which they send to each tax payer. It's called a borrador. If you agree with the draft you sign it, send it back and either collect the tax rebate or pay the shortfall. Nowadays the process is generally an electronic one but it's still possible to deal with your tax return through your bank, your accountant or by going directly to a local tax office. Now, since I turned 55, I've been collecting a pension from Teachers' Pension. Whilst I was working I also contributed to an additional voluntary contribution scheme with the Prudential and their scheme now pays me some forty quid a month in pension. When I started to get these pensions I wrote to the UK tax people and told them my situation and asked what I should do about paying what taxes where. As I remember it t...