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Taxable bonus - rebate?
Ianwacairns
Posts: 2 Newbie
in Cutting tax
Hi MSE followers, just a wee question which I hope someone will be able to help with.
I am one of the fortunate ones who will receive bonus this year within my company. This bonus will be taxed as it is paid along with monthly salary. This will mean that I will pay more NI and PAYE for this pay only. Will I be able to claim for a rebate?
Many thanks in advance
Ian
I am one of the fortunate ones who will receive bonus this year within my company. This bonus will be taxed as it is paid along with monthly salary. This will mean that I will pay more NI and PAYE for this pay only. Will I be able to claim for a rebate?
Many thanks in advance
Ian
0
Comments
-
Assuming nothing unusual about your circumstances then no.
If any excess tax has been paid it will be returned to you via PAYE during the remainder of the tax year. NI is not refundable0 -
Thank you for clarifying dzug1.0
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