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Do I get interest paid on Tax rebate?
Rugbyplayer
Posts: 2 Newbie
in Cutting tax
Can someone help?
Being a plonker for the last 4 years I have been on a BR tax code incorrectly as I only have 1 job. Calculating my rebate myself using P60's I am owed,
06/07 - £447
07/08 - £1407
08/09 - £1206
09/10 - £1295
10/11 - £1000 (already refunded in pay)
I have called the tax office and they have confirmed that there is a refund due for 08/09 & 09/10 and that is in the process of being refunded but could not confirm the amount. At my request they are now investigating 06/07 & 07/08.
Q. Am I due interest on the sum's owed and how would HMRC calculate this?
Any help would be much appreciated!
Being a plonker for the last 4 years I have been on a BR tax code incorrectly as I only have 1 job. Calculating my rebate myself using P60's I am owed,
06/07 - £447
07/08 - £1407
08/09 - £1206
09/10 - £1295
10/11 - £1000 (already refunded in pay)
I have called the tax office and they have confirmed that there is a refund due for 08/09 & 09/10 and that is in the process of being refunded but could not confirm the amount. At my request they are now investigating 06/07 & 07/08.
Q. Am I due interest on the sum's owed and how would HMRC calculate this?
Any help would be much appreciated!
0
Comments
-
Thanks Jimmo
Do they pay a flat rate?0 -
This gives some information.....
http://www.hmrc.gov.uk/rates/interest-repayments.htm#itnic
not very generous!0 -
............. and it's only paid where the refund is after the 31st Jan following the year involved. So only up to and including 08/09 if they process it (09/10) prior 31.1.11If you want to test the depth of the water .........don't use both feet !0
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