Reclaim Overpaid Income Tax!!

Moneytime_2

6month ago, I have requested the Repayment claim to Inland Revenue to see if I was not overpaying the Income Tax.

The reason is that the labour union, which I have joined sometime ago, showing advert about the company, which claim back the overpaid income Tax.

Instead of going through the Tax refund company, I have contacted to Inland Revenue myself and phoned them to make sure that I follow right procedure.

Recently, (ie 6 month later), Inland Revenue came back to say that they are going to refund me nearly 10 grand!:eek:

I was happy about it:beer: , but I was also angry about it as well :mad: . cause if I didnt make the repayment claim, I could have lost them!

Apparently, previous employers were using incorrect Tax Code for more than 2 years.

Does anyone know if I can claim the compensation from the previous employer since they were using incorrect Tax code?

Cook_County

Overpaying tax is never a "good thing" because you have lent money to the government and their interest rates are not that good.

Why did you fail to check your tax codes in each of your monthly payslips?

A_Nice_Englishman

Surely the tax codes used would have been those given by HMRC? How could your employer be to blame?

Or are you saying your employers used a different tax code to the one shown in the Notice of Coding HMRC sent you? As Cook_County says, you have some responsibility to check that the codes shown on your pay slips are what you are expecting.

msmicawber

I'm intrigued. I've just requested an assessment as I believe I've overpaid tax as well. Does one of you know how to check your tax code is correct other than to ask HMRC?

A_Nice_Englishman

msmicawber wrote: »

I'm intrigued. I've just requested an assessment as I believe I've overpaid tax as well. Does one of you know how to check your tax code is correct other than to ask HMRC?

Does this page help? It explains how a tax code is worked out.

msmicawber

It does indeed - you really live up to your name. Thank you.

Moneytime_2

Cook_County wrote: »

Overpaying tax is never a "good thing" because you have lent money to the government and their interest rates are not that good.

Why did you fail to check your tax codes in each of your monthly payslips?

That's a good question. It was my first job, and I was assuming that the employer was using right code. Never assume anything, lesson learnt.... By the way, the employer had admitted their mistake of not providing P11D related benefit to HMRC. Apparently, I was the only who was missed out in the benefit list at that time......

Moneytime_2

Thank you, A Nice Englishman. The site is really helpful to me.

clarejoanne

I've successfully claimed a tax refund! It was only by mere chance that I saw that a single persons tax code should be around 522L and mine had been 487L and lower for the past 8 years! When I rang the HMRC they said I could claim it all back if I sent in all my P60s for the last six years. Being organised, I had them all and a month later I got a refund for £1574 (today!) I am so pleased. The tax office didn't even have a basic record set up for me so who was to blame for that? My employers or myself? Anyway, the money has come at the right time because my daughter needs help with her rent, so some of it is going on that!:T

msmicawber

Well done, Clarejoanne,

I'm still waiting, with fingers crossed. for the two tax years in question. I suppose that you're to blame, but only from reading this and another thread, since I didn't know how to claim before this either. It's so vague when you're PAYE, isnt it?

anniecave

I have a friend who worked here on and off for 4 years before returning back home, and made the mistake of not filling in the correct "this is my first job..." forms and not giving p45s from old employer to new employer.. result .. I've worked out that I think he is owed approx £700 back. We have filled in the forms and 3 months after submitting forms, apparently a refund is on its way (not sure exactly how much yet...) It definately pays to keep on top of these things ....