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Student Loan repayments

Where in BTC?

Hi,

Where do student loan repayments go in BTC software? Employment expenses box 20? The tax computation isn't picking up the deduction from box 2 in the student loan section and thus the net final tax amount is too high, not correct.

Thanks

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30th Aug 2017 12:40

Not employment expenses box 20, because it is not an employment expense. What other income is on the tax return?

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By MDK45
to rjoconnor81
30th Aug 2017 12:46

Thought not. PAYE plus rental property. Student loan amount due calculated as £28 with employer deduction on P60 as £13 but the £13 (box 2 student loan section) not feeding through as a deduction to the tax computation.

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30th Aug 2017 12:50

Have you ticked box 1 on that page?

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By MDK45
30th Aug 2017 12:51

Yes

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30th Aug 2017 13:58

The tax computation in BTC only shows the additional student loan repayment due via self assessment rather than showing the total repayments due less the repayments deducted at source as separate amounts.

Are you sure that the total loan repayment due is not £41 with £13 already deducted at source.

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By MDK45
30th Aug 2017 14:11

Doh, you are absolutely correct A.Chandley. How did I miss it, arrgghh. Thank you very much.

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