Only worked part of the year - claim tax back?

Cashew

Next month I will be finishing work. As I have only worked part of the year can I claim some tax I've already paid back as I won't be working in this country for the rest of this year?

My recent payslip says:
Taxable pay to date: 9126
Tax paid to date: 1393

I am assuming this is for this tax year? I get paid £2308 per month gross

Can I claim some of this tax back if I don't work for the rest of the tax year? Do I have to wait until the end of the tax year to claim?

Thanks!

McKneff

Yes, you will have to wait until the end of the tax year.
the taxman doesnt know whether you will work again before then so sorry, thats how it is.

Cashew

Thanks.

That's a shame, oh well, at least I will get a nice little easter nest egg next year.

So if the personal allowance of untaxed earnings is £6,035 which is about 2/3 of what I've earned so far will I get 2/3 of the tax I've paid back?

2/3 of tax paid (1339) = £919?

fengirl_2

Its not quite that straightforward. I assume you will be working abroad? if so, for how long?

Pumpkinface_2

Will you have any other UK income, e.g. from investments, renting out a house, even benefits of some description or something? If so, you will have to wait until the end of the year and then work out what you owe / are owed.

But if you are leaving the country now and will complete a full tax year as a non resident of the UK and have no UK soucces of income, then you can apply for your tax back straight away.

If the figures you give are your only UK income this year and you become non-resident as mentioned above, then you will receive a refund of £862, based on a personal allowance of £6,475.

Yes, but as person above me says more information is required to give an absolute answer.

Cashew

I'm not sure if I will be working abroad. I am going to Thailand for a year or two.

I have no other sources of income, no house etc.

Cook_County

In which case you will remain UK resident & will have to file a tax return after 5th April reporting worldwide income and gains for 2009/10 - which you don't yet know.

Absinthe_Fairy

I thought that under certain circumstances you could reclaim tax back before the end of the tax year?

I think you have to be reasonably certain that you won't return to work or claim certain benefits for the remainder of the tax year.

See this link: http://www.hmrc.gov.uk/incometax/stop-work-refund.htm

linz

Absinthe_Fairy wrote: »

I thought that under certain circumstances you could reclaim tax back before the end of the tax year?

I think you have to be reasonably certain that you won't return to work or claim certain benefits for the remainder of the tax year.

See this link: http://www.hmrc.gov.uk/incometax/stop-work-refund.htm

Hi, ive just stumbled across this thread and have had a look at this HMRC link - apologies it its a silly question, but may someone be considered for a tax rebate if they left one job part way through the tax year and weren't earning for a few months before taking up another job? Or is it specifically for people who have been made redundant?

And if so, I suppose if a rebate was due it would be picked up by the IR on receipt of self assessment tax return for that particular year?

Thanks in advance

jem16

linz wrote: »

Hi, ive just stumbled across this thread and have had a look at this HMRC link - apologies it its a silly question, but may someone be considered for a tax rebate if they left one job part way through the tax year and weren't earning for a few months before taking up another job? Or is it specifically for people who have been made redundant?

If you left one job and started another within the same tax year it is likely that any rebate due would have been paid then.

And if so, I suppose if a rebate was due it would be picked up by the IR on receipt of self assessment tax return for that particular year?

Yes it would be.

fengirl_2

If you have left your job and do not intend to work for a few months and are not claiming JSA, then you can apply for an unemployment repayment after 4 weeks out of work. You use a form P50 to do this. You get a refund with a revised P45 and if you are still unemployed after another 4 weeks, then you claim again, and so on until you start work. If you are claiming JSA, the JC will make your tax refund when you sign off becaue JSA is taxable.
If you are not going to work again in the tax year and not claiming JSA, again you can use the P50 to reclaim tax based on not working for the whole tax year.
If you are going abroad you complete form P85 for your claim. If you will be working abroad, then your claim cannot be dealt with immediately, but you would need to wait until the end of the tax year so that you could declare all your overseas earnings so that HMRC can work out any refund due.