TAX REFUND

[JMW1969]

IF I APPLY FOR A TAX REFUND ON MY NURSING SUBSCRIPTIONS ETC WOULD IT ALL GO TO IVA?

[Broke of London]

What kind of subscriptions are they? Hopefully one of the professionals will be along later.

If the refund is a reimbursement for costs you've incurred, you should be able to keep it. You may just need to provide evidence of the cost.

[Shining]

Hi, we'll keep this bumped up for a professional opinion. x

[nepensioner]

Hi
If it is a claim for tax relief on professional subscriptions remember that if you pay for example £100 per year and are a standard rate tax payer you are only talking about £20 per year tax relief. You used to be able to claim back up to six years but I believe it is now reduced to 4 years

[MelanieGiles]

This should be amended through your tax code - so it may result in a very small increase in payments but I would expect this to be minimal.

[JMW1969]

I am actually claiming a refund on last 6 yrs and can claim my annal fee and also royal college of nursing subscriptions and cost of laundering uniforms. doesthis get calculated and given in my salary via the tax or will thebackreund come as a cheque- think its somewhere in region of 200-300 and des all or half go towards iva?

[MelanieGiles]

I would say that this is a windfall and all of it should probably come into the IVA - subject to you having a £500 benchmark in which case you may be able to keep all of it.

[nepensioner]

Hi
This will be paid via your payroll. HMRC will adjust your tax code showing an earlier years adjustment for the previous years and expenses for laundry and professional subscriptions for this current year. When your employer first uses this new code it will result in the repayment for earlier years as a one off and then each month you should notice you pay slightly less tax