Question:

Am i entitled to a tax return?

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i have been working in my job now for about 9 months. i get paid through PAYE. what can be accounted for as tax deductable? i.e. travel, tools etc? i earnt roughly 16k for that period- starting around october to present. what would a realistic tax return be?

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7 ANSWERS


  1. Since you are Employed  (not self-employed, sole-trader or limited company) and pay Tax via PAYE, the answer (to a first approximation) is 'nothing' ..


  2. Firstly, see if there is an agreed allowance applicable to your job. Check with HMRC.

    Any expenses incurred wholly, exclusively and necessarily for your job are tax deductible, but other than tools, not many expenses qualify.

  3. You can't claim for travel to and from work. You may be able to claim if you have to travel to different sites from your work base at your own expense, but employers usually reimburse travel costs in these circumstances.

    Some jobs have Union agreed fixed rate expenses, you don't state what your job is, so I can't advise on that. The amount varies according to type of job, but is unlikely to be tax relief on more than £200. If that's not appropriate, the tools would have to be specific and wholly necessary for your job. You would have to produce receipts to claim tax relief on their purchase.

    To find out more, you could contact tax office, and ask about "list one" fixed rate expenses. If you want to make a claim, you don't need a Tax Return, but form P87.

  4. Well of course you know that only this years gross income will be accounted for not Oct-Dec 07 but only through Jan-Dec of 08. Okay what you can write off is hard for anybody to just answer, you will have to take it to an accountant and let them lok at your last years taxes and see what kind of job you do and they can determine what you can write off as a business expence. Then that and whatever percent you get back (unknown) will determine what you will receive back next year.

  5. Best to contact your local tax office & go in and see them. The tax staff are reasonable people and will help you. The horror stories you hear about them is in circumstances where tax dodgers/evaders try to cover their fruadulent activities. If you employ an accountant their fees are liable to be greater than the savings.

  6. Contact your HMRC office to see what expenses you are entitled to claim. They could then adjust your code to take these into account for the next tax year. They may also ask for the P60 for 07/08 in order to review that year for you.

    You can look up your office here;

    http://www.hmrc.gov.uk/local/individuals...

  7. In general if you are on PAYE there is nothing you can readily deduct.  The only things that you might be able to claim for are things which are wholly required in the course of your job and which have no dual purpose whatsoever.

    For example you will not be able to claim for tools as you "could" use them outside work.

    You get tax taken off each time you are paid and what you get left with is yours to keep.

    You can ask HMR&C to send you a self assessment return if you want but I suspect that you will not get far.

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