Tax Rebate/P60 advice.

Sara_c_g

Hi there,
Bit of background on my situation:

I was working from Feb 07-Nov08 for an employer. I was made redundant in Nov - leaving on a salary of 19,500 p.a.
From April 07- April 08 my PAYE/JSA earnings have been as follows (before tax):

Employement £11000 approx
Redundancy £1500 approx
JSA £700 approx

Total: £13200

I signed off JS on 23rd Feb as I got some freelance work. I have registered as self employed but have recieved no documents etc. from hrmc yet.

My self-employed earnings are £4500 for year 07/08. but as I havent filled in any assessment forms i assume this prob not be taken into account yet.

I was hoping someone could tell me if they thought I was entitled to a rebate and where I would get a p60 from - should I phone HRMC directly? I also study with the OU and need to send them my year-end earnings as it affects my financial support for study.
I am hoping this wont be a problem next year as I have just started a full-time job so will be on PAYE - much more straight forward!

Thanks in advance,

Sara

barriejohn69

Hi,

Your redundancy probably won't be classed as taxable income depending on how long you were with the firm. I should imagine you won't get a rebate as your self employed income won't have been taxed at source. You will more than likely owe tax (unless you have a lot of expenses to put against it).

As for the P60 - you are not entitled to one as you were not working for the employer at 5th April. You will instead have had a P45.

Hope this helps.

Barrie

fengirl_2

Before we answer this, I think we need clarification on your dates.
First of all you state you left work in Nov 08 and then you state that you had redundancy and JSA in 07-08 - I think you mean 08-09.
Assuming that is the case, you will need to self assess for 08-09 including all your income (but not the redundancy as this is not taxable). You wont get a P60 as you were not employed at 5/4/09, so you will need to use your P45 figures and you should also have been given a P45 when you signed off.
Impossible to say what refund you will get without accurate income figures and, last but not least...tax paid figure!

Sara_c_g

Hi Barrie,

Thanks very much for the reply. Yes, I will definately owe on the s-e earnings but was hoping maybe it will not be too much if they take into consideration that I didn't earn as much as predicted in 08/07. So, once I fill in my self assesment i should get a certificate/notifcation of earnings for the year (just thinking about my OU stuff)?
Cheers,
Sara

Sara_c_g

Fengirl - yes, my mistake JSA was 08/09.

Will do my self-assessment and see what happens A wee refund would be nice after all the trauma this year!

One other thing - do you know how long it takes for HRMC to register someone as self-employed. I filled in the form on line weeks ago but havent heard anything back.

Thanks for the help!

Sara_c_g

Just realised there - i got a p45 when i left my employment but there was no figures on it. It was blank apart from my name etc. I should be able to work it out from wages slips though.