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Reclaim Income Tax? 300k

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Comments

  • thankyou noh
  • If you paid 300k in income tax in 5 months then God knows how much your earning would have been?

    Surely you would have lots of savings and assets in Gold bars/paintings etc
  • harryhound
    harryhound Posts: 2,662 Forumite
    We don't have a wealth tax (yet) thank goodness.
  • fengirl_2
    fengirl_2 Posts: 4,530 Forumite
    Actually, you dont have to wait until the end of the tax year to claim a refund - to do so is not moneysaving. You can download a form P50 from www.hmrc.gov.uk and send it to your tax office with your P45. If you are unsure whether you will work or claim in this tax year, you can claim an unemployment repayment every 4 weeks. If you are definitely not going to work or claim this tax year, you can claim a cessation repayment.
    (Assuming this is not a wind-up)
    £705,000 raised by client groups in the past 18 mths :beer:
  • Cook_County
    Cook_County Posts: 3,096 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If the OP is non-UK domiciled the refund my be zero if s/he is not entitled to a personal allowance.
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