Med 1 question

vicwatson · 2015-10-07 16:02:02

Can you claim for medical expenses in the year of occurence? say in a tax return in Nov 2015 for 2014 as Self Employed, or would one have to wait until Nov 2016 to claim for those expenses in 2015?

07-10-2015 05:02PM

#1

vicwatson

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Can you claim for medical expenses in the year of occurence? say in a tax return in Nov 2015 for 2014 as Self Employed, or would one have to wait until Nov 2016 to claim for those expenses in 2015?

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#2 08-10-2015 03:35PM

vicwatson

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Anyone pls?

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#3 08-10-2015 03:48PM

nompere

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There's nothing to stop you filing a 2015 tax return in January or February 2016 - you don't have to wait until November.

If you don't have PAYE income then you're not in a position to make a Med1 claim early.

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#4 08-10-2015 04:42PM

vicwatson

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Yes I understand that a return doesn't have to be done in November but........

Thanks, so in this case one needs to wait until Nov 2016 for medical expenses paid out in Oct 2015?

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#5 09-10-2015 11:30AM

gerrybbadd

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No, you don;t have to wait until November.

You can claim immediately in January.

In extreme cases of hardship, you can claim the tax credits in the current year too

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