P50 Help

BKings

Hi

Signed up here to see if anyone could give me a little help with filling a P50 form in. I have been out of work for quite some time now (November 2011). When I finished my Job I did briefly sign on for a few weeks but then stopped for personal reasons and have been living off the little money I had saved from my Job and living with family.

I have a P45 from my work place and a P45 from the JSA. Having checked online on a rebate calculator there is a £200 difference in them for the rebate, which one am I supposed to use. The JSA one says I had earned more and paid less Tax than the work one which was only around 4 weeks before it. It is all confusing to me. Also where do I find my PAYE office number and reference number on my wage slips?

Thanks in advance to anyone who can advise me.

sweetietot

If you gave the work P45 parts 2 & 3 to the jobcentre, when you signed off, you would have received a bit of tax refund. The P45 from the Jobcentre will include your taxable JSA and the tax not refunded. The JSA P45 is the one you need to provide to HMRC with the P50

BKings

The JC sent out the P45 forms etc and they did give me some £130 odd payment which I wasn't sure what that was for. I thought it might of been the refund for the 2010/2011 year as I had only worked a couple of months then up until April 2011.

Why would the Job Centre only give a partial refund I.E.

If I had earned around 8700 and paid 800 odd tax an online check says I would be due 570 odd back. But the JSA form says I had earned 8900 and paid 600 odd tax. I'm pretty poor at understanding all this.

Dazed_and_confused

You are getting confused! P50 is to claim in the same year you left the job - it doesn't apply now the tax year has changed.

DWP would normally have calculated a tax refund to the date you signed off. When did you sign off (exact date on the P45 from DWP) and what was your income and tax paid/refunded from a) your job b) DWP? Only the info for April 2011-April 2012 is relevant, assuming your original post stating left job Nov 2011 is correct.

BKings

Hi sorry yes I am confused about it all. It was only someone mentioning it to me that it came to my attention.

Basically I finished work on 9/11/11 my earnings were 8719 and tax paid 823.

I didn't then sign on until December and my P45 from the JSA says it ended on 1/2/12 and earnings 8960 and total tax to date as 670.

Am I not due a refund on the tax I paid via my working period?

Dazed_and_confused

If 8960 is your total income then you would normally be due to pay just under 300 in tax for that year. You have already paid 670 (after taking into account refund from job centre) so could be due about 370.
This assumes job centre paid you 241 And gave you 150 refund in February - is this correct? Your previous posts suggests job centre paid you 8960 which surely can't be right ( who'd bother getting a job!!!)

BKings

You sound spot on there Dazed. No the 8960 was the total earned for the year I think. And it says total taxable benefit £241 and yes they did send me a payment of around that much in February.

So when you get benefits does that deduct from the tax you paid whilst working or something? As with my Job P45 it said I paid £823 in Tax and then with the JSA P45 it said £670 in Tax. I was getting confused at that point.

Also what do I do now to get the £370 odd back, is it not the P50 form that I fill in and post off?

Dazed_and_confused

The unemployment benefit is taxable so you have to pay extra because of getting the 241 and job centre can only work a refund to when you sign off or end of the tax year if you are getting benefit then). Don't think there is a form for this now that tax year has finished, just phone revenue and explain what you were doing last tax year and ask how you get the refund. I've seen other MSE people on Cutting Tax forum have mentioned revenue don't always know your benefit details so you might have to send them evidence of the 241 and refund you've already received

BKings

Reading on the HM Revenue site it does look like the P50 is still the one to claim money back on. Thanks a lot though Daze you have been a great help.

Dazed_and_confused

Good luck!