Basis Period Reform & Overlap Profits

[UK Contractor Accountant]

Has anybody used the G-Form on Gov.UK to get hold of their Overlap Profits (OP) figure to use on the 2024 Tax Return?

If so, how long are HMRC taking to get back to you with the correct figures for OP.

The easiest way to request information about your overlap relief position from HMRC is to complete a G-Form on GOV.UK. You will need to sign into your government gateway account to complete the G-Form, and the guidance on GOV.UK lists the information you will need to provide HMRC. HMRC should still try to help you if you have not got all the information asked on the G-Form, but it should speed up the process if you can provide as many details about your business as possible.

 

[MyAccountantOnline]

Has anybody used the G-Form on Gov.UK to get hold of their Overlap Profits (OP) figure to use on the 2024 Tax Return?

If so, how long are HMRC taking to get back to you with the correct figures for OP.

The easiest way to request information about your overlap relief position from HMRC is to complete a G-Form on GOV.UK. You will need to sign into your government gateway account to complete the G-Form, and the guidance on GOV.UK lists the information you will need to provide HMRC. HMRC should still try to help you if you have not got all the information asked on the G-Form, but it should speed up the process if you can provide as many details about your business as possible.

No I haven't but be interested to hear how long it takes.

 

[TheSkyisGray]

I used the online chat and got it straightaway and you can save the chat as evidence.