Missed some expenses

HappyMJ

w00519772 wrote: »

I have discovered that I was entitled to free BCS subscription between 2010 and 2012 as my employer paid for their corporate service. Therefore I believe I could of saved around £360 as the average subscription was: £120 per year.

Is it worth writing to BCS to see if they are willing to refund any of the subscription for those years as a gesture of goodwill or do you think this is a waste of time?

Waste of time. They've closed the accounts for those years by now so refunding you would come from this years subscriptions which would unfairly cost this years members.

w00519772

Darksparkle wrote: »

HMRC don't have "local tax offices" as such. It's a national system.

How to claim is here - https://www.gov.uk/tax-relief-for-employees/how-to-claim

HMRC also now use 03 numbers.

I have filled in the following form and printed it for the BCS expenses (required for employment): https://www.gov.uk/tax-relief-for-employees/how-to-claim

Do I have until 31/01/16 or 01/04/16 to send it?

Is there a similar form for missed business expenses that were not claimed for in previous tax years? I do not have to fill in a tax return this year (for tax year up to April 2015) because I was not trading.

w00519772

Darksparkle wrote: »

Earliest year is 2011/12. This must be done before 5th April 2016.

I thought the deadline was 31st January?

Darksparkle

w00519772 wrote: »

I thought the deadline was 31st January?

No.

The time limit for claiming a tax refund is four years from the end of the tax year for which you overpaid tax.

w00519772

Can you point me to a link to confirm this? I overpaid tax when I paid my bcs subscription in February 2012. Therefore I guess I have until 1st April 2016 rather than 31st January 2016.

jaysoni85

The time limit is 4 years. So you can claim back to 2011/12 tax year.

You can revise your self-assessment return within 1 year of the original deadline, but after that, you need to claim what is called Overpayment Relief search for "Schedule 1AB TMA 1970" - the form you refer to will NOT be accepted if you are on self assessment.

There is no specific form that HMRC provide - you need to write a letter containing very specific information.

I would first check whether your friend who did your accounts actually claimed this relief already (you mention he claimed against your salary). If so you cannot claim again. Same approach applies for any other valid business expense which you forgot to claim.

Hope that helps

Darksparkle

w00519772 wrote: »

Can you point me to a link to confirm this? I overpaid tax when I paid my bcs subscription in February 2012. Therefore I guess I have until 1st April 2016 rather than 31st January 2016.

Google it, there are many pages to confirm.

As the tax year ends on the 5th April, rather than 1st April that's when you have until.

Wayne_O_Mac

w00519772 wrote: »

Can you point me to a link to confirm this? I overpaid tax when I paid my bcs subscription in February 2012. Therefore I guess I have until 1st April 2016 rather than 31st January 2016.

http://www.legislation.gov.uk/ukpga/2009/10/schedule/52

(1)A claim under this Schedule may not be made more than 4 years after the end of the relevant tax year.

(2)In relation to a claim made in reliance on paragraph 1(1)(a), the relevant tax year is—

(a)where the amount paid, or liable to be paid, is excessive by reason of a mistake in a return or returns under section 8, 8A or 12AA of this Act, the tax year to which the return (or, if more than one, the first return) relates, and

(b)otherwise, the tax year in respect of which the payment was made.

(3)In relation to a claim made in reliance on paragraph 1(1)(b), the relevant tax year is the tax year to which the assessment, determination or direction relates.

(4)A claim under this Schedule may not be made by being included in a return under section 8, 8A or 12AA of this Act.