How long will I receive tax rebate for?

Looter

Not sure where to post this so I'll try here!

Three weeks ago I cashed in my BAYE shares and as they were taxable shares they were paid via work's payroll and I paid tax for them that way. The following 2 pay slips have shown a rebate of around £30, I was surprised when it happened the second time!

Can anyone tell me if this will continue until the end of the tax year?

Thanks for any replies.

chrisbur

Looter wrote: »

Not sure where to post this so I'll try here!

Three weeks ago I cashed in my BAYE shares and as they were taxable shares they were paid via work's payroll and I paid tax for them that way. The following 2 pay slips have shown a rebate of around £30, I was surprised when it happened the second time!

Can anyone tell me if this will continue until the end of the tax year?

Thanks for any replies.

Without full details it is impossible to say a great deal, my guess would be that the extra payment resulted in some tax at 40% being deducted, your earnings then went back down so some of that tax at 40% was converted to tax at 20% which resulted in the tax rebate. If this is the case then it will continue, assuming your wages do not alter until all the 40% tax has been converted or the tax year ends, whichever comes first.
If you want something better than a guess you need to give full details of the wages involved. Taxable gross, tax paid, tax code/basis, week/month number, taxable gross to date and tax paid to date for each wage.