tax relief on VCTs - how do I receive if on PAYE?
tax relief on VCTs - how do I receive if on PAYE?
Author
Discussion

mccrackenj

Original Poster:

2,048 posts

242 months

Thursday 27th January 2011
quotequote all
I am a basic rate taxpayer on PAYE.

If I were to invest in a VCT what is the mechanism by which I would receive my tax relief on the investment? Adjustment of follwing year's tax code? Actual cash rebate? How?

Thanks all.

Eric Mc

124,034 posts

281 months

Thursday 27th January 2011
quotequote all
Register to submit a Self Assessment tax return for the relevant tax year.

mccrackenj

Original Poster:

2,048 posts

242 months

Friday 28th January 2011
quotequote all
Oh 'eck!

Thanks.

Beardy10

24,528 posts

191 months

Friday 28th January 2011
quotequote all
And then wait for the cash from HMRC.