Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello, I'm Keith and happy to help you with your question.
Technically arrears are liable for Income Tax in that tax year to which they relate.
However, The HMRC advice sheet, PAYE70023, warns that if the employer pays arrears as a lump sum the they are assessed for PAYE in the year of payment so the CO-OP's accounting treatment would appear to be correct.
By the way the Inland Revenue was combined with HM Customs and Excise some years ago to form HMRC.
I am so sorry to have to rain on your parade.
HMRC have already explained the tax situation so your info is nothing i didnt already know, however i need to know the Co-op's liability for the finacial; loss and the distress it has caused. I am being treated for mental health issues.
My understanding is if I am financially worse off by an error, mistake or delay they could be responsible to make up that loss.
I also believe that they are responsible for a Non- Financial loss for inconvenience / distress.
I need to know what my position is and what there liability is.
Hi not sure how to answer your query what info do you require the view responce anly returns to this page!!:
Hello, I'm ready to answer your Tax question, but I need some more information from you to provide a full answer. Please answer me as soon as possible so that I can get back to you right away. View my response >
Ok thanks for your advice do I just wait for contact.