Monster tax bill on new job started this month

CLAPTON

DAE wrote: »

Unfortunately I don't seem to have it.

I have turned my house upside down and searched in all my usual document places.

No idea where it's gone. I suppose it's plausible it may have been accidentally thrown out.

So what should I do with regards to HMRC on this? I have a final pay slip for a £300 goodwill payment on redundancy which indeed shows that I received £3235.77 taxable pay for that job. So I now know for a fact I haven't gone past the threshold and can sort of prove it, albeit without a P45 for that job.

You would think in this day and age, a simple search of my NI number on their system would flag up exactly what tax I'd paid.

Tax doesn't have to be taxing. Yeah... right.

well in the future HMRC should know what you earn on a month by month basis (real time information is being implemented from April 2013)

however at the moment the tax man doesn't know anything about your earning until they receive a P60 (after the end of the year) or a P45 (part way through the year) so it depends upon whether your old employer and the DWP actually sent the info to HMRC

Funky_Bold_Ribena

DAE wrote: »

You would think in this day and age, a simple search of my NI number on their system would flag up exactly what tax I'd paid.

Tax doesn't have to be taxing. Yeah... right.

It doesn't have to be taxing if you can manage to keep your paperwork together for future reference.

As mentioned earlier, when you get your P60, then contact the HMRC and you will get a rebate and a new tax code.

DAE

Funky_Bold_Ribena wrote: »

It doesn't have to be taxing if you can manage to keep your paperwork together for future reference.

As mentioned earlier, when you get your P60, then contact the HMRC and you will get a rebate and a new tax code.

Very true but as a society we are moving away from paperwork. It's archaic to keep paper records of things. Too easy to misplace or get filed away into a narnia cupboard. Hell, can you even trust Royal Mail to deliver it to you if it's posted? I know I don't.

I messed up here for sure and hold my hands up, but the system should be electronic and if HMRC receive tax from me they should have an electronic record of it, plain and simple.

It's no wonder big banks and businesses can get away with tax evasion when the whole system is decades out of date.

ami66

DAE wrote: »

How long does it normally take HMRC to issue a new tax code under the circumstances?

I will try to get a P46 to my employer ASAP.

Also, what is the process for making a claim once I receive my P60? Will they mind that I don't have a P45 from my old employer.

I hear of people getting rebates having not applied for them, so does this sometimes happen automatically (i.e. HMRC will realise they have taxed me too much) or is it all on me to do it? Or will me doing it just facilitate the process and help me get my money quicker?

Your employer should start the new year with you on a normal tax code. All month/week one codes are replaced by the same code but in accumulative basis.

In some ways your lucky that March is month 12 so April should be taxed correctly.

Funky_Bold_Ribena

DAE wrote: »

Very true but as a society we are moving away from paperwork. It's archaic to keep paper records of things. Too easy to misplace or get filed away into a narnia cupboard. Hell, can you even trust Royal Mail to deliver it to you if it's posted? I know I don't.

And just as easy to delete a file.

It really is simple - have a file for tax stuff and keep your tax stuff in it. Or scan it in when you get it.