The Tax Man Cometh....
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Ah yes, child benefit rules. That was a nasty shock now they want all of that back as I earn just over the threshold.
Thanks Cameron & Co
Thanks Cameron & Co
You can mitigate the impact of that. A personal pension contribution chips away at the income used to work out your child benefit payment, starting at £50k and tapering down to zero assistance at £60k. In effect, it means that if you recover the entire amount of your child benefit via pension contributions, tax relief on those contributions approaches 60%.
Never do something financial just for the tax reasons though. But it helps!
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Just got off the phone to HMRC and it seems that the Armed Forces Uniform Laundry Allowance (or whatever they are calling it) has been approved and applied already, as my new tax code proves.
Whilst that won't help with the latest SA, it can only be an improvement if the threshold goes up!
The lady on the phone said they hadn't had guidance yet as to whether it will get backdated but I'm not holding my breath on that one!!
Every little helps!
Thanks for all the other snippets of advice to those that replied.
Whilst that won't help with the latest SA, it can only be an improvement if the threshold goes up!
The lady on the phone said they hadn't had guidance yet as to whether it will get backdated but I'm not holding my breath on that one!!
Every little helps!
Thanks for all the other snippets of advice to those that replied.
The Wizard,
Do you have any info on the laundry allowance? Is this a new allowance??
Thanks!
Do you have any info on the laundry allowance? Is this a new allowance??
Thanks!
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This has been looked into for some years now and it seems that it has finally been implemented.
BBC News - Soldiers to get tax relief for uniform cleaning
*for soldiers read Armed Forces
Don't shoot the messenger!
The wizard,
Thank you!
Thank you!
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Finally, some good news from HMRC.
https://www.gov.uk/laundry-allowance...try-of-defense
Every little helps.
https://www.gov.uk/laundry-allowance...try-of-defense
The following annual Flat Rate Expense Allowance (FREA) is due for laundering your uniform:
Royal Navy £80
Army £100
Royal Marines £100
Royal Air Force £100
Royal Navy £80
Army £100
Royal Marines £100
Royal Air Force £100
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According to the example
So £20 per year if I read it correctly.....every little helps and that is a little!
Sara joins the RAF Other Ranks in November 2013. She will get the FREA for 1 year (2013 to 2014). This will not be reduced even though her service started part-way through a year. No RPS will be paid as there has been no delay in making the repayment. She is a basic rate taxpayer.
2013 to 2014 £100 @ 20% = £20
Total Repayment due £20
2013 to 2014 £100 @ 20% = £20
Total Repayment due £20
ahem - "for 'Soldiers' read Armed Forces"....actually, read 'enlisted only' (not Officer corps) - from the HMRC page:
"Officers and other groups
We are continuing discussions with the Ministry of Defence on laundry expenses for Officers and some other groups with different terms and conditions of employment. "
"Officers and other groups
We are continuing discussions with the Ministry of Defence on laundry expenses for Officers and some other groups with different terms and conditions of employment. "
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Did anyone have any joy getting the HTD difference refunded. My Accountant reckons I am due a fair amount for a 23 month assignment but the HMRC are having different (negative) opinions.
Good luck with the HTD - I though that was non-deductable. Strangely, so were medical journeys.
Anyway, I hear that ORs (one at least) are getting 6 years backdated tax rebate for uniform this month.
Anyway, I hear that ORs (one at least) are getting 6 years backdated tax rebate for uniform this month.
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Ref putting the house in the wife's name to make it more tax rfficient. It must be ok as we can follow the SoS for Defence's lead:
Labour targets Hammond's £7m fortune in row over Cabinet tax | Mail Online
Labour targets Hammond's £7m fortune in row over Cabinet tax | Mail Online
You can't claim tax-relief on HTD but on (in old money) 1771 journeys. Not sure about medical journeys as different I just put them all together. Also bear in mind you need business cover on your car insurance.
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Anyone seen that advert in the RAF News about "claiming back money if you use your own car to drive to work....." Makes it sound like HTD but don't want to waste my time if they are referring to business journeys....
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What counts as business mileage?
Business mileage is mileage you travel doing your job. It can include travel to a temporary work place but it doesn't include:
Business mileage is mileage you travel doing your job. It can include travel to a temporary work place but it doesn't include:
- normal travel between home (or anywhere that is not a workplace) and your permanent workplace
- private travel
Last edited by November4; 14th Mar 2014 at 09:27. Reason: Deleted duplicate data from #11
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Expert advice
In tax matters it is always best to get an accountant to deal with these things, even when I was on PAYE my accountant saved me twice what he cost me.
I'm sure that some on tis forum are capable of getting as good a result as my accountant but at what cost ? Hours going over the regulations to save a few quid ?
I think that my leasure time is better spent doing things I enjoy rather than learning to be my own tax accountant.
I'm sure that some on tis forum are capable of getting as good a result as my accountant but at what cost ? Hours going over the regulations to save a few quid ?
I think that my leasure time is better spent doing things I enjoy rather than learning to be my own tax accountant.