Claiming Tax back

anert2003

Hi, could anyone advise me if I am entitled to claim any tax back. The situation is I do seasonal work for the same company twice a year at the end of each season I get a p45. For both seasons this tax year my tax code has been 503L W1.

This season has now finished and I have received my p45 today, there is an X in the week1 or month1 box, my total pay is £5070.53p and total tax is £533.69. I am aware I have gone slightly over my tax code but wondered if I am entitled to claim any of the tax back that I have paid.

thanks

rebeccaj

yes, you should be due for a refund assuming you have no other income that bumps your overall 'earnings' up. I find this handy page very useful for seeing if you can claim a refund. You'll need to download an R40 form from the Revenue website and send it off.

Bean_Counter

Tax back should amount to £5,070 less £5,035 personal allowance = £35 @10% = £3.50 tax due. Tax paid £533.69. Tax recoverable £530.19.

Well worth a bit of form filling!!!

SurefireMJ2040

Sorry to nit pick but the form you actually need is P50, not P40.

This link should help.

http://www.hmrc.gov.uk/payetaxpayers/iwtclaim-a-tax-repayment.shtml

:money:

MarkyMarkD

You shouldn't be ending up each session of employment on a "W1" coding at all.

The first time you start work for them, you should fill in the relevant tax forms and your tax office should issue them with a notice of coding meaning that you would be taxed correctly on a cumulative basis.

The second time you start work for them, you should give them back the P45 they give you at the end of the first session of working, as you aren't doing any other work in between. And then you'd continue on a cumulative tax basis and wouldn't over-pay at all.