Full Tax??

lewii

Hey,

I have been in my current role since september. I have been paying full tax since then which has varied from month to month in amount...

Obviously not working a full tax year, how do i find out independantly that im entitled/not entitled to money back..?

Mikeyorks

Crystal ball's a bit clouded tonight ..... post a bit more detail and it might clear?

Employed / self employed / what prior to September / Code number / details from last payslip etc?

sarflee

If you have been paying tax since your very first pay, and you had no taxable income from April 2008 to when you started you current role, you have more than likely overpaid tax.

You will need to wait until your current employer gives you your P60, usually by May, and then send this in to your tax office, requesting a repayment. It may also be worth sending a covering letter with the P60, advising what income you received or what you were doing from April. They will let you know whether you have paid too much tax.

You may be able to work it out yourself when you receive your final pay of the tax year. Yous should be entitled to earn £6035 for this tax year, tax free. Anything over this amount should be taxed at 20%.

lewii

sorry,

CODE: 603L

Basic 1,750 and after tax is 1,358

Prior to this role i was at university so unemployed.

Thanks for the help.

butler_helen

Surely 603L is the right code? as it needs a 1 at the end to be a month by month basis?

PLease can someone correct me if I'm wrong as I'm struggling with tax at the moment too- HMRC are being a pain!

sarflee

If you have always paid that amount of tax, you do appear to have overpaid. You will probably find that there is an X or a W or something after the 603L. This means that they are taxing you on a weekly or monthly basis because they do not know what you have earned before, which in turn means you have not yet had the benefit of your tax free allowances from April to August.

It is too late to get the refund through your wages, so as I said before, you will need to send in your P60, to the tax office, and also let them know you were a student from April to starting this job.

sarflee

Sorry, butler_helen, you are indeed correct, 603L is the correct tax code for someone under the age of 65.

CLAPTON

what is you earning to date?
what is your tax to date?
..should be on your payslip
what month number or month is you last payslip
how much NI did you pay

is 1,358 you take home pay?

Mikeyorks

lewii wrote: »

CODE: 603L
Basic 1,750 and after tax is 1,358

Gross to date from payslip would have helped .... so a bit of conjecture :

Sept to end March = 7 months @ £1750 = £12250
Personal allowance (for full year to end March 09) = £ 6035
Taxable = £ 6215

Tax due = £6215 @ 20% = £ 1243

So .... you'll need to look at your end March payslip and gross tax deducted much above £1243 should be refundable directly from HMRC .... once you get your P60.

If you want to post your Gross Pay to 31/3 and total tax deducted, once available ..... above figures can be significantly refined? As there's NI in your deductions and have SLC refunds started yet (or next March?)