Posts Tagged : Navy

Are you getting seen off ??

                                                           

This year we have seen a massive increase in clients coming to us with all sorts of tax problems, we wanted to post a guide on how to stay safe in unchartered waters and remain claim savvy!!

Deed of Assignment….. Some companies are operating a Deed of Assignment service – be very careful if you are signing up to this! A deed of trust instructs all proceeds to be sent directly to the company you have given authority to and these deeds can remain in place for a number of years. To revoke them you and the assigned company will need to write to HMRC, this can cause all sorts of problems. We have dealt with a number of situations where we have submitted the claim only for the clients refund to be sent to the company listed on the deed, be very careful what you are signing up to!
Tax Years being left open…..Ensure the company/Tax Agent you are dealing with has addressed ALL tax years that require a self- assessment tax return. We have seen cases where clients have had tax years left open resulting in horrendous penalties amounting to thousands. Make sure you are fully aware of which years you are claiming for.

Tax codes…… Ensure your tax code has returned to normal following on from the refund process, if your refund is coded into your tax code this can disrupt your pay and tax and wipe out future refund claims. Look out for pay coding notices from HMRC and check your payslips!! If there are Job Expenses left in the code you will notice an increase in your pay and not be taxed as normal. If these job expenses are left the amount you will owe HMRC will escalate each month until they are removed fully. You may be left with a hefty liability and a considerably reduced Tax Code as HMRC apply an in year adjustment to recapture the underpaid tax.

Self – Assessment Tax Returns …… Your claim for mileage relief traveling to a temporary work place is a Job Expense, this is done through self -assessment. Your Tax Agent should take care of this self -assessment when they square away your claim. You will need to instruct your agent if you are not claiming further as HMRC will expect a self -assessment tax return every year thereafter until they are instructed otherwise.
If you fail to notify HMRC and do not file a tax return before the deadline HMRC will apply late filing penalties which can escalate daily. Avoid this by ensuring your Tax Agent has fully removed you from Self- Assessment if you no longer need to claim mileage relief and have no other SA requirement.

Claiming uniform refunds…… There are many companies out there claiming they can get you thousands of ££’s for relief on laundering your uniform. The long and the short of it is since 2014 for HM Forces personnel an in year adjustment should be made through your pay to reimburse this allowance the yearly allowance equates to £100 RAF, Army and Marine personal and £80 for Navy (lower due to facilities being available on board). Be careful you may end up owing the tax man!

Don’t get seen off, If you have issues following a recent mileage claim and would like some impartial advice, contact Admin@akinsandco.com or give us a call 01934 527888.

 

 

 

 

Ask Atkins: How do I get tax back on my mileage?

Ask atkins

 

how do i

MOTOR MILEAGE CLAIMS – also known as Get you home (GYH) and Home to duty (HDT) mileage refunds is our specialty. These Military tax rebates are called a number of things such as MOD tax refund and Armed forces tax refund. We have even heard it called Tax back on fuel claim and the rift refund.
It doesn’t matter what you call it! The search leads you to the same destination …. HOW DO I GET TAX BACK ON MY MILEAGE?

Atkins & Co can help you make a Motor mileage claim and here’s how:
– Firstly download and print the Atkins military mileage claim pack link. You can find this on our website.
– In this pack you will find 8 documents. Please read through the information sheet page 1, these are the rules & regulations of the claim and are in accordance with the HMRC criteria. If you are in doubt please let us know we are more than happy to guide you through the setting up process.

Tel: 01934 527888 Email: admin@atkinsandco.com

– You will also need to fill in two HMRC forms, the 64 – 8 and the SA 1. These will need to be sent to us as hard copies. Please ensure you sign these documents before sending. If you need help filling out these forms out please call the office using the above details.
– If you do not have access to a printer – no worries! Just let us know your address so we can arrange to Post them out to you! Once received, sit back and we will ‘square the admin away’!

We pride ourselves here at Atkins on great service and are proud to be conveyed as “Military friendly Accountants”. We have very close links with the Military, especially the Royal Marines! So you are in safe hands.
We prefer to over deliver and under promise.  We want YOU to keep and enjoy your refund which is why we charge a FIXED FEE unlike others that take a %! With an average 4 year claim we could be saving you up to £490… So what will you spend your savings on?

For more Q&A’s visit our website www.atkinsandco.com/services/military.tax-refunds

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