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not working a full year
bronzedg
Posts: 68 Forumite
in Cutting tax
is it true that if you only work 8 months of the year you are due a tax rebate ?
0
Comments
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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.htm0 -
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 helps0 -
i think i was on an 8 tax code it was seasonal work 8 months out of 12 & have claimed jsa in the other 40
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it does not apply if you have claimed benefits in the period of not working.0
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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.0
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