Please help me!!!

lloydyd

Dear all,

Newbie here.

I have a question re PAYE tax.

In 2008 I started a new job (I was employed for all of this year) and I was made redundant in Feb 09. I was then out of work until Sept 09 and I am contracting.

I spoke to my local tax office and the guy did a calculation and said I should be entitled to around 3800 in tax back and told me to send in my form etc.

After doing this my claim has been looked at and they are now saying im only entitled to a few hundred pounds. Does this sound right?

I was on £42K paying a massive amount in tax, I then went on JSA getting £100 a week and have recently got back into work where I earn £164 per day!!! so surely I should be entitled to more back than a few hundred pounds?

Any advice you can give me would be most grateful

Hollysan

Hello Lloydyd,

Just off the top of my head, you worked most of the 08/09 tax year, if you were made redundant in Feb. PAYE is worked out on a cumulative basis usually, in other words, it is based on the assumption that you will earn roughly the same amount over the year, so your tax would have been worked out as if you would be employed until April 09, and earn around £42K. So, you will be owed something, but you worked up till Feb (end of Feb?) so it won't be much. What you have earned since is irrelevant unfortunately - it's what happened within that one tax year that counts here.

BTW, it does also depend on your redundancy package and when it was paid.

Hollysan

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CLAPTON

start at april 2008 and tell us how much your earned and how much tax until april 2009 ..include your employment and your JSA
..its unlikely that you are owed much tax (as above poster) if your taxcode was correct


for the year 09 to date then
what is your tax code
what does your latest payslip say for earnings to date are
and your tax to date are?
is the earnings to date figure correct and does it include any JSA this tax year?

PlutoinCapricorn

Exact figures and dates would enable people to give better advice, but it is always a good idea to understand how tax is calculated, and to be aware of the rates for each tax year. You can do a rough calculation yourself:

You need to look at April 6th 2008 to April 5th 2009: how much did you earn from all sources? How much tax was deducted in total, and have you got P45s/P60s?

If you deduct the personal allowance of £6,035 for 08/09, you should pay 20% of the remainder, assuming that there are no special circumstances such as student loans, company cars, pension payments etc. What tax codes did you get for this tax year?