Hi,
I have been unemployed for the past fifteen months, at the time of my departure from my previous employment I was owed a considerable amount of money by my employer under bonus agreements. As part payment of this money a company vehicle was transferred into my name. It is my understanding that I have until the 31st of October of this year to declare this. But my question is this, if my employer had paid me the money due, through the PAYE system prior to my departure, I could have claimed back the tax paid on this after one month of becoming unemployed, as such, if I pay the tax due arising from the transfer of this vehicle on the 31st of October, can I claim this back in 2012, if I am unfortunate enough to be still unemployed.
I have been unemployed for the past fifteen months, at the time of my departure from my previous employment I was owed a considerable amount of money by my employer under bonus agreements. As part payment of this money a company vehicle was transferred into my name. It is my understanding that I have until the 31st of October of this year to declare this. But my question is this, if my employer had paid me the money due, through the PAYE system prior to my departure, I could have claimed back the tax paid on this after one month of becoming unemployed, as such, if I pay the tax due arising from the transfer of this vehicle on the 31st of October, can I claim this back in 2012, if I am unfortunate enough to be still unemployed.