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Claiming tax back - professional fees

BeautyandtheBeast_3
Posts: 1,027 Forumite
Any idea of how i can do this and is it worh it? xx
O/S Debt: PL £[STRIKE]15207.34[/STRIKE] £9884.55; HSBC £4060.99; Tesco£1430.15; M&S £5990.17; Virgin [STRIKE]£5158.69[/STRIKE] £4210.14; Egg £4619.00; O/S = ££30,292.42 AIM - To Be Debt Free 56 months
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You might get more help on the Cutting tax board.
Here's a link to the HMRC page about it.
http://www.hmrc.gov.uk/incometax/relief-subs.htm0 -
Thanks a lot! appreciated!O/S Debt: PL £[STRIKE]15207.34[/STRIKE] £9884.55; HSBC £4060.99; Tesco£1430.15; M&S £5990.17; Virgin [STRIKE]£5158.69[/STRIKE] £4210.14; Egg £4619.00; O/S = ££30,292.42 AIM - To Be Debt Free 56 months0
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If you are employed, you can ask the tax office to adjust your tax code to get relief for the fees (assuming they are wholly and exclusively for your job and you pay them rather than your employer). You just fill in a one page form to adjust the tax code for the fees and can also do this to pay bits of additional tax due on interest etc, so the professional fees in themselves will not suddenly mean you need to fill in a tax return.Mortgage, draw down Sept 2014: £222,000
Now: £173,2290
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