help with tax refund

wig887

hi i have recently found out i have been overpaying my income tax since 10/2/2012 i had medical insurance up to that date when it was canncelled.since that date i have still been getting taxed for it.so i contacted the tax office and they have now adjusted my code and said i will get a refund but couldnt tell me over the phone how much it will be. how do i work out how much i will get refunded ?my tax code has gone from 967L to 1000L.

McKneff

Tax codes change each year so it will be virtually impossible to work it out now.


You will get an explanation with your cheque, why not just wait and it will be a nice bonus when
you do get it.

suso

wig887 wrote: »

hi i have recently found out i have been overpaying my income tax since 10/2/2012 i had medical insurance up to that date when it was canncelled.since that date i have still been getting taxed for it.so i contacted the tax office and they have now adjusted my code and said i will get a refund but couldnt tell me over the phone how much it will be. how do i work out how much i will get refunded ?my tax code has gone from 967L to 1000L.

2011 -2012 - I guessing no refund, the year would have been calculated on the P11d received

2012-2013 - 330 in your tax code, Non Tax Payer - 0, Basic rate tax payer - refund £66.00, Higher Rate - £132.00 Additional Rate £168 + interest

2013 - 2014 - 330 in your tax code, Non Tax Payer 0, Basic rate tax payer - refund £66.00, Higher Rate - £132.00 Additional Rate £168

These will be refunded by HMRC = you will receive one cheque covering both years.

2014 - 2015 - This year will be refunded by your current employer, it will be a proportion of the figures above depending whether you are weekly or monthly paid. But as a rough guide it will be half of a yearly figure (maybe 7/12 ths) and will mean you will pay less that month / week.

wig887

thanks for the info guys.