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Tax rebate SUCCESSES

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  • jem16
    jem16 Posts: 19,636 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi, his tax code is 647L

    647L is the normal tax code for this year.

    However your previous figures seem to mention the normal tax free allowance of £5225 - what year were you checking?
  • My tax code letter is C. What does this mean?
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Hi, his tax code is 647L but I have no idea about the P2 thing sorry,

    As jem says ..... 647 is the correct basic code for this year and would normally give all the entitled allowances. Where does the £5225 come from (which was the exact basic personal allowance from 2007-08 !)
    If you want to test the depth of the water .........don't use both feet !
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    My tax code letter is C. What does this mean?

    Possibly your employer's shorthand for 'Cumulative'? It's not a suffix normally issued by HMRC.
    If you want to test the depth of the water .........don't use both feet !
  • what would this represent if it was 'Cumulative'. I used to work full time but returned on a part-time basis following maternity leave. The only deduction i have is my company P11D for private healthcare. i don't understand why i would have a C code?
  • jem16
    jem16 Posts: 19,636 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    what would this represent if it was 'Cumulative'.

    Cumulative is what you want it to be - it means your tax will be correct.
  • Mine says
    Tax free allowance is £5980-£5989
    Based on ONLY the salary and age personal allowance would be £6475

    There is a difference of £495

    Does that mean underpaid or overpaid?
  • System
    System Posts: 178,352 Community Admin
    10,000 Posts Photogenic Name Dropper
    Nats_uk wrote: »
    Mine says
    Tax free allowance is £5980-£5989
    Based on ONLY the salary and age personal allowance would be £6475

    There is a difference of £495

    Does that mean underpaid or overpaid?

    Duplicate post !

    See my answer in your other post where you asked the same question : http://forums.moneysavingexpert.com/showpost.php?p=38361544&postcount=100
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • I too checked , and it seems my code is wrong overpayment of about £500 this year so far, and £820 previous year, and £820 year before that. The tax office were very good, answered the call promptly, spoke clear english, and confirmed this year is wrong, and adjusted it, with rebate to come, and 2 previous years appeared wrong, and would investigate. I think confusion arose when my employer went into administration, I was owed wages etc. They said could be 6 weeks to sort out......now would that just be a great christmas present to drop through the door, a big fat juicy cheque! Meanwhile, I have just awarded my self a net £15 a week rise with the new code, very grateful as no rise in 3 years. As ever this site comes up trumps, thank you Martin and all. If and when it comes, I will report back with the figure.
  • Bushey
    Bushey Posts: 37 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    edited 11 November 2010 at 11:18AM
    I recently discovered My Flat Rate expenses had been removed from my notice of coding. a quick call to the tax office rectified this. And I am awaiting a rebate.
    I then started to check the families Tax, and found my elderly Mother in Law was having tax deducted from her widows pension (Incorrectly) yet because of this, she assumed she couldn't submit an R85 form ( to recieve gross interest ) on her savings, after back tracking 6 years into her finances I am now awaiting the outcome for a reclaim of Taxes paid to the tune of £895.
    Unfortunately it seems she was paying tax needlessly for the last 15years!! it really does pay to ask the question of your Parenst etc, they may be in the same position.
    Bushwacker. :beer:
    Retired @55yrs Financially Secure, & Totally Completely, Utterly debt free! :j
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