Student requiring tax repayment claim assistance please

TheGame7

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CLAPTON

You won't be able to claim until the end of the tax year ..april 2008.

1. In theory you should include all your interest although many dont bother if its only pence.

2. you need to include any payslips after the P45.

3./4. I'm a little unclear about the status of the shares.. are they quoted on the London Stock exchange? If they are then the dividend will be tax free (well you don't need to pay any tax and you can't reclaim any either).

TheGame7

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CLAPTON

It's normal for this year to be a continuation of last year's employment. You won't be able to claim the tax back until next tax year.

As I said I don't understand the shares situation so can't advise.

Once you have all the figures for your income however, if you wish to post them then maybe we can give a view as to whether they are correct.

millie

You can claim your tax back in the current tax year if you sign a form stating that you will not be working agin during the current tax year.

This is the form download (if the kink works) otherwise you can download it from the inland revenue website. It is called a P50

http://www.hmrc.gov.uk/pdfs/p50.pdf

TheGame7

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morgani

If you are being taxed on your interest (you will be unless you have requested not to be) it will be at 20%. so take what you have been paid and divide by 80 and multiply by 100 to give your gross interest. When you perfrom your tax computation then this tax will come back off as tax already paid during the year just like your paye