Q. I've been reviewing my previous tax returns to try to track down some capital losses. Whilst doing this I've noticed that I didn’t include my pension contributions on the 2018/19 return. When I’ve checked online, I've just missed the deadline to amend it. Is there any way to claim the extra relief? It's worth around £2,500 which would be very helpful at the moment.
A: You should make a claim under the provisions for Overpayment Relief. This permits a claim to be made up to four years after the end of the tax year in question where there are no other means to recover the overpaid tax. You need to be very careful when drafting the claim, as it must contain specified information (see HMRC's Self-assessment claims manual). It must also be signed by you personally as an advisor can't sign on your behalf (though they could help you draft the letter).
The information provided in this blog is for general informational purposes only and should not be considered professional advice. As far as we are aware, the content is accurate at time of publication. Torgersens assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.
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