We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
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
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards