We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

not working a full year

is it true that if you only work 8 months of the year you are due a tax rebate ?

Comments

  • depends on your circumstances.

    i worked 6 months of a tax year about 10 years ago and then went abroad for six months. I wrote to to the tax office and they sent me a refund as i had over paid in the first six months worked.

    http://www.hmrc.gov.uk/incometax/stop-work-refund.htm
  • If you have been on a standard tax code, say 747L for the first 8 months of the year, and then do not work for the last four months of the year, then yes you are probably due a tax refund.

    This is because the tax code treats you as though you will be employed for the whole tax year, and splits your tax free allowance into distinct months. So in theory you have unused allowances of 8/12ths of your personal allowance = c£2,500. So you could be due a rebate in the resion of 20% of this = £500.

    As mentioned previously, these are ballpark numbers and it will depend upon your specific circumstances.

    Hope this helps
  • i think i was on an 8 tax code it was seasonal work 8 months out of 12 & have claimed jsa in the other 4
  • it does not apply if you have claimed benefits in the period of not working.
  • zagfles
    zagfles Posts: 21,684 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    skater_kat wrote: »
    it does not apply if you have claimed benefits in the period of not working.

    It does, but the JSA is included in taxable income for the year. Still probably due a rebate.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.