Student Loan Anomalies | AccountingWEB

Student Loan Anomalies

Following the revelation that the test for taking SL repayments is based on someone's NI position and not their tax position, a great many entertainers, doctors etc may well be inconvenienced and have to fork over their loan repayments.  If someone is self-employed for tax purposes then after expenses they may well be paying too much back to SLC.  Less of a problem than overpaying tax/NI but irritating nonetheless.  One can get back the excess payment but it takes ages and is very bureaucratic.

So we looked back and found someone who has paid both £600 in deductions off their wage packets and then a further £400 based on their profits.  We should have allowed for £600 already paid and avoided paying that £400.  Now I could amend the 10/11 Return to do this and as a result he would receive a tax rebate of £600.  But will HMRC appreciate that as a result of this, they should 'recall' the £600 they've paid to SLC on our boy's behalf.  And more pertinently from an MLR point of view, whose responsibility is it to do this? 

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So if you have a minimum

bernard michael |


Chris Wise |

HMRC Guidance notes

Paula Sparrow |
Paula Sparrow's picture

I don't understand the question

Euan MacLennan |
Euan MacLennan's picture

The way I read it

Paula Sparrow |
Paula Sparrow's picture


petersaxton |
petersaxton's picture

Not necessarily

Paula Sparrow |
Paula Sparrow's picture

Student Loan Anomalies

Jennio1981 |