Elouisa92
Joined: 3/9/2024
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RE: annual bonus tax implications
If I earn £39,690 and will receive 9450 bonus in March, will I overpay tax in that month as it’s the end of the tax year so I’m wondering if it’ll recognise only 20% tax should be applied? If not does it all get refunded in April or will I need to accept a slow return over the new tax year? Thanks