Tax return advice

[HeadingNorth]

So i can't claim any of my mileage back then?

 

You can't claim a tax refund on it if you have paid no tax, no - so if you're already entitled to a full refund of tax paid, you won't get any extra money on top of that refund.

[jordan_s]

Right ok thank you..... So just to clear this up

 

I only claim my actual tax i have paid during the tax year

I make no additional claims for mileage, NI, Tools etc

 

Is this correct?

[HeadingNorth]

You are entitled to put down, on the tax form, everything for which you can claim - tools, mileage, the works.

 

You will not receive back any more than the total amount of tax that was taken from you, though. If the calculation ends up being a negative figure, you don't get to take money away from the Inland Revenue; you just don't pay them anything.

 

It so happens that, in your case, you will be paying no tax for this year anyway, whether you put down all those claims or not. They won't make any practical difference.

[cgksheff]

Sorry. I was wrong to say that the mileage claims are irrelevant.

As they others have helped clarify, they will have no effect this year.

 

However, I think you can enter the claims and state that the 'loss' is being carried forward, and then if you are earning more next year, it can reduce any potential tax bill.

I'm not sure if you can keep carrying it forward after that?

 

I am no expert and really think it is worth spending £100 (as someone suggested) with a good accountant to clarify exactly what can and can't be done.