FIND THE ANSWERS

Signing bonus repayment tax?

Answer this question

  • Signing bonus repayment tax?


Answers

Answer #1 | 19/12 2013 05:38
You will be able to claim a refund of the tax and NI you paid on the bonus, but make sure you get the company to either do the adjustment in your pay to date, or otherwise confirm it in writing. Keep an eye on the total of tax and NI paid by the end of the tax year to make sure you have received the credit for the return of the bonus.
Positive: 63 %
Answer #2 | 19/12 2013 13:25
Yes you can clawback the tax and NI when you repay your bonus. The simpler method would be just to repay the net amount after tax and NI to your miserable company.
Positive: 57 %

Possible answer

UNIVERSITY OF VIRGINIA University Staff Sign-on ... repayment, the Employee, by signing ... faith for the repayment, pro-rata, of the Sign-on Bonus by
Read more
Positive: 63 %
Accounting for Contract-Signing Bonuses ... Tax Accounting. Since a contract-signing bonus is undoubtedly in connection with a business relationship, ...
Read more
Positive: 58 %
DEFINITION of 'Signing Bonus' A financial award, often issued in one or two lump-sum payments, offered by a business to a prospective employee as an ...
Read more
Positive: 44 %
What’s the proper accounting treatment for our company receiving a signing bonus? Get answers at Proformative – The Free Online Corporate Finance Community
Read more
Positive: 21 %

Show more results