Tax rebate SUCCESSES

Netty1979

I checked my tax code and found that I had been on BR for 2 years. Spoke to the tax office this morning and a cheque for £2500 is on it's way to me!!!

MSE_Martin

Just a quick thank you to all those in this thread who are helping others. Its really kind of you on such a complex subject.

As someone said earlier, even if this guide & calc did nothing else but make people check their tax code we'd be onto a winner.

Mikeyorks

Do you pay overtime?

Taxable - of course.

kayak83

Using the tax code checker it seems that I have been over paying - :j

.........Great - but what's the next step??

Do I need to do some calculations and gather evidence?

or is it just a case of ringing HMRC and giving them my details, NI, Tax code etc. and they will do all the investigating?

Do we have to ring or will any rebates come back naturally?

What number do I need to ring?

Many thanks

System

kayak83 wrote: »

Using the tax code checker it seems that I have been over paying - :j

.........Great - but what's the next step??

Do I need to do some calculations and gather evidence?

or is it just a case of ringing HMRC and giving them my details, NI, Tax code etc. and they will do all the investigating?

Do we have to ring or will any rebates come back naturally?

What number do I need to ring?

Many thanks

The first thing you should do is check if you have received a P2 Coding Notice from HMRC which is where you will find an explanation of how they have calculated your tax code.

If you have not received a P2 notice then that is the first thing to ask for.

This info may also help:
http://www.hmrc.gov.uk/incometax/codes-basics.htm

To find your tax office:
http://search2.hmrc.gov.uk/kbroker/hmrc/locator/locator.jsp?type=1

katiegunit

Can someone help me please. I don't know if the results below mean that I am owed money or if I haven't been paying enough tax. Sorry I really don't understand so if someone can advise me that would be GREAT!

The tax code you've input says your tax-free allowance is..£5450 - £5459
Based on ONLY the salary and age you've input, your personal allowance would be £6475
There's a difference of £1025 between the tax free allowance suggested by age & salary, and the one from your tax code. Unless you have any other income, or deductions (see below), it appears your tax code could be incorrect.

System

katiegunit wrote: »

Can someone help me please. I don't know if the results below mean that I am owed money or if I haven't been paying enough tax. Sorry I really don't understand so if someone can advise me that would be GREAT!

The tax code you've input says your tax-free allowance is..£5450 - £5459
Based on ONLY the salary and age you've input, your personal allowance would be £6475
There's a difference of £1025 between the tax free allowance suggested by age & salary, and the one from your tax code. Unless you have any other income, or deductions (see below), it appears your tax code could be incorrect.

What this is telling you is that the tax code your employer is using is lower than the standard tax code for this particular tax year.
This means that you have paid slightly more tax than the basic.
20% of £1,025 = £205 extra you have paid.

Normally, whenever HMRC apply a non-standard tax code to an individual, they would send you a P2 Coding Notice which explains how they have calculated the tax code.

If you have not received a P2 notice, then you should phone HMRC to request a copy so that you can see how the code has been arrived at.
The normal reasons for a reduced personal allowance include:
Taxable Benefits
Underpayment of tax from an earlier year
etc...

4tex

I had been wondering about my tax situation for a while, after changing jobs 4 times in 3 years, so I went on the HMRC website about 3 months ago and came across the tax checker calculator by accident.

I input all my details and it said I was owed a rebate of £1950 so I wrote to my local tax office with the necessary details, and 2 months later they sent me a cheque for £1950!!!

I had overpaid tax in 2007/08 and 2008/09 tax years leading to a rebate of £1950.

My advice is dig out all your old P60s and use the online tax calculator to check if you're due a rebate, dont be afraid to go back 5 years or more either!

Great in time for Christmas!

positivelymummy

woohoo, luckily i came accross this while reading other stuff on forum and now i'm £579.00 better off!

my employment has always been a headache due to having 3 seperate jobs and seasonal work/short term contracts. In 2008 and 2007 i'd been on wrong codes and got a refund chq from HMRC.

i thought i was now on the right code, but it seems they changed the code this year to 235L instead of 647L....they were really nice on the phone, this time she says the refund will be in my wage? i hope she's right on that:) i realise it might be a month or two but i hope its sooner than later. she even explained why the wrong code was given.
aah made me day!

Mikeyorks

positivelymummy wrote: »

i thought i was now on the right code, but it seems they changed the code this year to 235L instead of 647L...........................................she even explained why the wrong code was given.

If you have 3 x concurrent jobs ..... then 647L at one of them ..... means the others must be 'BR' (if you earn under £43875pa). Otherwise you may well underpay.

But - if the job against which the '647' is set ..... pays you less than £6475pa ............ you would be better getting your personal allowance apportioned among the jobs such that the allowance is fully utilised. Now HMRC are doing annual reconciliations .... and have a single PAYE record ...... you would get any refund automatically. But as that's the Sept following the year end ..... best to get it right in-year and not use them as a piggy bank?