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Can you estimate a tax rebate?
Not_Angela_Rippon
Posts: 16 Forumite
in Cutting tax
HMRC wrongly gave me a Tax code this year of 803L and have now corrected this after I contacted them to 1060L. They said any change will be reflected in my pay but wasn't sure how easy it would be to estimate how much tax I have overpaid this year.
0
Comments
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if you had 803L from april to september i.e. 8 months
then you paid too much tax by (10600-8030) x 8/12 x tax rate
so that is 1,713 x 20% if a standard rate payer = £3420
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