Hi All
If your interested in an update.
Yes I do need to pay it back. HRMC called yesterday and basically I have been paid the rebate back twice.
HMRC paid it back when I submitted by SATR for that year (17/18). I remember getting this but it didnt say it was rebate for Student Loan, it was due to overpayment. At the time I thought it was due to going onto an inside role for 6 months and then changing to an outside role.
Apparently HRMC notified SLC (something about putting a stop on my account)...who didn't update their records so they when they reconciled my account, they also realised I had overpaid and then raised a rebate through HMRC to pay me back the 2k again!
So yes I have to pay it back. Now the question is how
My accountant has completed my SATR for the last year and stated I have no student loan (as I thought I didnt). They have said that rather than amend the SATR, it may just be easier to organise a payment plan with SLC.
My question to him (of which I am still waiting answer) and I dont know if anyone on here can answer.
By not declaring it on my SATR (and paying it back this way), does this or can this, put me in an awkward situation further down the line?
If your interested in an update.
Yes I do need to pay it back. HRMC called yesterday and basically I have been paid the rebate back twice.
HMRC paid it back when I submitted by SATR for that year (17/18). I remember getting this but it didnt say it was rebate for Student Loan, it was due to overpayment. At the time I thought it was due to going onto an inside role for 6 months and then changing to an outside role.
Apparently HRMC notified SLC (something about putting a stop on my account)...who didn't update their records so they when they reconciled my account, they also realised I had overpaid and then raised a rebate through HMRC to pay me back the 2k again!
So yes I have to pay it back. Now the question is how
My accountant has completed my SATR for the last year and stated I have no student loan (as I thought I didnt). They have said that rather than amend the SATR, it may just be easier to organise a payment plan with SLC.
My question to him (of which I am still waiting answer) and I dont know if anyone on here can answer.
By not declaring it on my SATR (and paying it back this way), does this or can this, put me in an awkward situation further down the line?
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