📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Self Assesment tax rebate question?

Options
2»

Comments

  • Pennywise
    Pennywise Posts: 13,468 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I have kept track, and wrote it out as to how many miles i travelled each day, in my case 96 miles, WHICH WERE ALL BUSINESS MILES. I did this every week for a whole year.

    I am self employed, but the company i work for deduct my tax, i get cis remitance slips.

    Therefor i CAN claim 20% off the first £10,600 i earnt as i paid tax on ALL of my earnings.

    Which is correct (for tax) now that we know your circumstances. If you'd given full details at the start, it would have been easier/quicker for others to help you. But you'll also be liable for NIC which havn't been deducted under CIS, so some of your tax refund will need to be re-allocated for your NIC liability, so no you don't get it "all" back at all.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.