hyo96135
-
Bonus ClawBack
Dear Sir and Madam, I want to ask for an advice for the treatment of bonus clawback. I am a foreigner, who worked in the UK for the tax year 2022-2023 and 2023-2024. I have resigned and permanently left the UK in August 2023. Summary: 1. I received a sign-on bonus of GBP 100,000 on May 2022, and had a claw back term where if I were to resign, I would need to fully refund this amount. I have resigned on August 2023, and was required to pay back the bonus. 2. I have a letter from the company saying I need to pay back total sign-on bonus. 3. I have a proof of paying those amount back to the firm over the course of Sep 2023 to Apr 2024. 4. My previous employer says it is not possible to update the P45 to reflect clawback (i.e., not possible to reflect my clawback as negative earnings). What is the course of action I can choose in this case to get the tax refunded on the GBP 100,000 I have paid back to my previous employer? I really appreciate your guidance.