form p87

nikki1978

i'm a community carer and i have just filled in my p87 form.

i don't get any mileage help from my employer my figures are:

total business miles 7437

@45p = 3346.65

do any of you know how much i'm likely to get back?

CLAPTON

if you are 20% tax payer then you are due 20% of 3346 = £669

nikki1978

how do i know if i'm a 20% tax payer?

Mikeyorks

Generally - if you earn less than £42475.

nikki1978

my earnings for the last tax year were 9861 so i guess i am

Mikeyorks

nikki1978 wrote: »

my earnings for the last tax year were 9861 so i guess i am

Indeed ....... but that creates issues, I'm afraid.

You can't get tax relief for more tax than you've paid. If you earned £9861 ..... then you would have paid tax on (£9861 - £7475 £2386. Your P60 should show tax of around £477? Which would be the most you could expect back.

nikki1978

yes it does, thank you very much for your help

sgtbush

nikki1978 wrote: »

i'm a community carer and i have just filled in my p87 form.

i don't get any mileage help from my employer my figures are:

total business miles 7437

@45p = 3346.65

do any of you know how much i'm likely to get back?

the amount you have calculated- you can claim 45pence/mile and get that amount back tax free--

nikki1978

so i've just got a letter from hmrc informing that i will soon get a notification from them to do a self assement online.

any idea why?

feel quite worried about this

Mikeyorks

nikki1978 wrote: »

any idea why?

feel quite worried about this

Because your expenses are above £2500? I would guess. See the link below.

I wouldn't be worried about the SA Return. Do it online (you need to register first) and it's the cleanest way to claim. But - you may need to do the 1st one on paper.

http://www.hmrc.gov.uk/incometax/how-to-get.htm#4

Savvy_Sue

sgtbush wrote: »

the amount you have calculated- you can claim 45pence/mile and get that amount back tax free--

err, no, you can claim the TAX on 45p per mile, a rather smaller figure.