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Posted Mon, 25 Sep 2023 11:03:43 GMT by
I have just got my first bonus and small pay rise at my new company, upon getting my payslip I can see Ive lost more than half my bonus in taxes. Are one off bonuses taxable? Do you get the money back as a tax rebate? If so, how and when?
Posted Mon, 02 Oct 2023 14:21:38 GMT by HMRC Admin 19 Response
Hi,

Yes, the bonus is taxable. Once you return to your standard salary any refund due would come back over the remainer of the tax year. 

Thank you.

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