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bigduckontax, Accountant
Category: Tax
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Experience:  FCCA FCMA CGMA ACIS
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I have to repay sign in bonus to employer. Am I entitled to

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hello, I have to repay sign in bonus to employer. Am I entitled to tax relief? Thank you. Svitlana
JA: Have you talked to a tax professional about this?
Customer: No I haven't
JA: Anything else you want the Accountant to know before I connect you?
Customer: no

Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.

 

Was this sign in bonus originally taxed?

Customer: replied 5 days ago.
Yes it was
Customer: replied 5 days ago.
but I am requested to repay net ammount

You can reclaim the tax paid on the bonus which you will do automatically as you only have to repay the net amount.

Customer: replied 5 days ago.
do I have to request proof of payment form my employer? Do I have to notify HMRC?

Unnecessary unless HMRC query the position which is most unlikely. Remember to get a receipt for the payment.

 

Please be so kind as to rate me before you leave the Just Answer site.

bigduckontax and 2 other Tax Specialists are ready to help you
Customer: replied 5 days ago.
Thank you

Delighted to have been of assistance.

 

Thank you for your excellent support.