Originally Posted by
finningleyprince
Just heard about this, through a RIFT advert!
I'm not clever, but complete a tax return each year because I get child allowance, but am over the threshold set by Gideon.
I get GYH(P) for 180 miles (£6.43 a day)
Is it a case of 365 X 6.63 =£2419 per year X 1.40(higher rate tax)? =£3386, then £3386-£2419 = £976 claim on tax return?
I do sincerely apologise for being a biff, but calculus is definitely on my CV.
The RIFT thing does work, but don’t use them! Before you start doing any sums the first thing you need to do is dig out your posting notice and check it has you down for a 2 year tour. If it does you fall under what HMRC class as temporary employment rules and can claim for GYH. Any longer and you are classed as permanent and you can’t claim tax relief on GYH. When you’re doing it remember you’re claiming on the difference between HMRC approved rates and MOD’s GYH rates.