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Martin Lewis: Working from home due to coronavirus, even for a day? Claim TWO years' worth of tax re
Comments
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It isn't £6/week relief.mrssp_2 said:I received my claim last month and my new tax code is on my payslip, however, I am slightly confused as only had an extra £5.20. So do I take it that we are taxed on our £6/week relief? Thanks
It is tax relief on £6/week.
If your tax code was issued on an emergency (week1/month1) basis you will only receive the benefit for this pay period.
If you are paid monthly that would often be £5.20.
£312 / 12 = £26
£26 x 20% = £5.200 -
Old tax code 1250, new code 1281 and earn same amount each month. Thanksglider3560 said:
What was your old tax code and your new tax code? Do you earn the same amount every month?mrssp_2 said:I received my claim last month and my new tax code is on my payslip, however, I am slightly confused as only had an extra £5.20. So do I take it that we are taxed on our £6/week relief? Thanks0 -
What do your previous two payslips show?
Was two payslips back your old tax amount and one back a larger adjustment in your favour (the tax relief for the first few months of the tax year)?0 -
Ah, got it thank you. Although I expected that my company would have adjusted the first payment as we are only 4 months away from the the of the financial year!Dazed_and_C0nfused said:
It isn't £6/week relief.mrssp_2 said:I received my claim last month and my new tax code is on my payslip, however, I am slightly confused as only had an extra £5.20. So do I take it that we are taxed on our £6/week relief? Thanks
It is tax relief on £6/week.
If your tax code was issued on an emergency (week1/month1) basis you will only receive the benefit for this pay period.
If you are paid monthly that would often be £5.20.
£312 / 12 = £26
£26 x 20% = £5.200 -
This is spot on. The first payment will apply a £5.20 per month credit for all months since April (£10.40 for higher rate tax payers, £11.70 for additional rate tax payers) and then each subsequent month will mean a reduction in tax paid by the same amount. Or £5.20/£10.40/£11.70 extra in your pay packet per month depending on how you want to look at it.Dazed_and_C0nfused said:
It isn't £6/week relief.mrssp_2 said:I received my claim last month and my new tax code is on my payslip, however, I am slightly confused as only had an extra £5.20. So do I take it that we are taxed on our £6/week relief? Thanks
It is tax relief on £6/week.
If your tax code was issued on an emergency (week1/month1) basis you will only receive the benefit for this pay period.
If you are paid monthly that would often be £5.20.
£312 / 12 = £26
£26 x 20% = £5.20May'18 DEBT FREE!
£6025 PB's: £1427 Nutmeg Pot: £51'174 Company Shares £512.09 InvestEngine £8.21 Freetrade £569.46 Stake
£2457.92 TCB.1 -
Any more guidance on where exactly? Is it here?Dazed_and_C0nfused said:
It is at the end of the employment page. You need to tailor your return correctly to get the expenses boxes to appear.wackojackouk said:Evening all,
Martins blog mentions that folk who do a self-assessment form can't use the microservice (I only have to do one because of a older higher income child benefit charge that spans into to the tax year).
The blog mentions "Instead, here you can claim the allowance as part of the self-assessment form (it's included in section 20 on the full return and section 2.5 on the short form). "
I'm doing the online self assessment (and also checked the PDF) but can't find the section he's talking about.
Any advice (screenshot would be ace).
Thanks
Not sure how this could be attributed to enforced WFH due to Covid though?? Maybe I'm missing something, but finding where to claim for this via online Self Assessment is very tricky and certainly not obvious...
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That's where I put mine, then in the comments section (comes on a later screen) typed in what the expense was for (i.e. fixed work from home for x number of weeks).thePhilster69 said:
Any more guidance on where exactly? Is it here?Dazed_and_C0nfused said:
It is at the end of the employment page. You need to tailor your return correctly to get the expenses boxes to appear.wackojackouk said:Evening all,
Martins blog mentions that folk who do a self-assessment form can't use the microservice (I only have to do one because of a older higher income child benefit charge that spans into to the tax year).
The blog mentions "Instead, here you can claim the allowance as part of the self-assessment form (it's included in section 20 on the full return and section 2.5 on the short form). "
I'm doing the online self assessment (and also checked the PDF) but can't find the section he's talking about.
Any advice (screenshot would be ace).
Thanks
Not sure how this could be attributed to enforced WFH due to Covid though?? Maybe I'm missing something, but finding where to claim for this via online Self Assessment is very tricky and certainly not obvious...0 -
Did they pay out? I really don't want a Personal Tax Account and want to fill out the P87.glider3560 said:
That's where I put mine, then in the comments section (comes on a later screen) typed in what the expense was for (i.e. fixed work from home for x number of weeks).
Not sure how this could be attributed to enforced WFH due to Covid though?? Maybe I'm missing something, but finding where to claim for this via online Self Assessment is very tricky and certainly not obvious...
0 -
Yes. Self Assessment is nearly all fully automated if you file online, so you can see the deduction on the calculation screen.gozaimasu said:
Did they pay out? I really don't want a Personal Tax Account and want to fill out the P87.glider3560 said:
That's where I put mine, then in the comments section (comes on a later screen) typed in what the expense was for (i.e. fixed work from home for x number of weeks).
Not sure how this could be attributed to enforced WFH due to Covid though?? Maybe I'm missing something, but finding where to claim for this via online Self Assessment is very tricky and certainly not obvious...
If you put it in the wrong box, and your tax return is one of the few that get audited by a human, then they'll just move it to the correct box if you've explained what it is for and inserted the correct amount.0 -
You already have a Personal Tax Account. You may not have used it/looked at it but you will have one.gozaimasu said:
Did they pay out? I really don't want a Personal Tax Account and want to fill out the P87.glider3560 said:
That's where I put mine, then in the comments section (comes on a later screen) typed in what the expense was for (i.e. fixed work from home for x number of weeks).
Not sure how this could be attributed to enforced WFH due to Covid though?? Maybe I'm missing something, but finding where to claim for this via online Self Assessment is very tricky and certainly not obvious...
If you want to fill out a P87 then what is stopping you?
Most who have posted on here though have found the micro service that Martin Lewis's blog refers to pretty simple to use.0
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