Whats the hell is GPD and why has it appeared on my payslip?

#1
Just got my payslip in and its different ti my last one by almost two hundred quid. the only difference I can see on it is (GPD taxable -£298) Can anyone tell me what this is?
 
#2
GPD = Gross Public Debt.

As it's taxable it sounds like it might be a recovery of overpayment of LSA or something along those lines.

Jockster
 
#4
Jockster915 said:
GPD = Gross Public Debt.

As it's taxable it sounds like it might be a recovery of overpayment of LSA or something along those lines.

Jockster
Surely if it is an overpayment it cannot be taxable as you paid tax on it when youj were paid it , surely the repayments are not taxed, two tax bills for the same money, but then again new labour special taxation
 
#5
BB very good point. I always thought that GPD Taxable was to tell the individual that they were recovering something that has been overissued and tax already paid.

NB1 go and see your clerks or give the JPAC a bell.

Jockster
 
#6
GPD = Gross Public Debt.

Ok you are not taxed on it twice, thats why it goes on as a GPD, so that you are not taxed on the amount :)

Hope that makes sence :)
 
#7
Thanks guys! makes a bit more sense now. Thanks for your input!
 

B_AND_T

MIA
Book Reviewer
#8
Marty, your sig block is a bit keen isn't it?
 
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