Possible Tax Refund after discharge

TheGardener

Maverick1103 wrote: »

... I'm expecting it'll be going straight to the OR but just need clarification as the period before I went BR and after should come back to me??

I believe that if you overpaid before the BR, then it will go to the OR. If you over paid after you were discharged and do not have an IPA, then you will get it.

Maverick1103

TheGardener wrote: »

I believe that if you overpaid before the BR, then it will go to the OR. If you over paid after you were discharged and do not have an IPA, then you will get it.

That makes sense.

Can you hopefully answer this question of mine; if my Tax Code had been changed when it should've last year then I would've been paying the right amount of Tax over the last year, what I don't understand is because I've paid too much Tax (not a fault of mine but my employers) and will most likely get a rebate the OR automatically is entitled to it, yet it's really my money, is it not? See my point?

Dazed_and_confused

Which tax year were you made bankrupt in?

If it was 2017:18 then I'm not sure the OR is entitled to a tax refund for 2018:19.

Not there will actually be a tax "refund" anyway, it will be an adjustment to the tax on your next wages which only you and your employer will know full details of.

Maverick1103

Dazed_and_confused wrote: »

Which tax year were you made bankrupt in?

If it was 2017:18 then I'm not sure the OR is entitled to a tax refund for 2018:19.

Not there will actually be a tax "refund" anyway, it will be an adjustment to the tax on your next wages which only you and your employer will know full details of.

Yes, I was 2017/2018 tax year.

I think I'll know more at the end of this year's tax year, as my employer has changed my tax code and it's correct but my pay slips all show wrong one and I can clearly see I've paid more tax than I should.

Dazed_and_confused

If they have changed your tax code then any adjustment will be reflected the next time they pay you - assuming you are getting another pay day before 6 April 2019.

It might be you pay no tax for a week or less tax, it might even no tax and a refund added to your take home pay. But it would all be confined within your payslip.

Maverick1103

Dazed_and_confused wrote: »

If they have changed your tax code then any adjustment will be reflected the next time they pay you - assuming you are getting another pay day before 6 April 2019.

It might be you pay no tax for a week or less tax, it might even no tax and a refund added to your take home pay. But it would all be confined within your payslip.

Great thanks for this info.

Would you say it's safe to say once I've had clarification I don't need to be contacting the OR if I get a refund?

WhenIam64

I got discharged on 19th Feb 2019

Yes, I was 2017/2018 tax year.

So you were made bankrupt in the 2017/2018 tax year. The OR has powers if the amount is over £1000. They have other post-bankruptcy powers but can't see that a tax code error by the HMRC falls within this.

Maverick1103

WhenIam64 wrote: »

So you were made bankrupt in the 2017/2018 tax year. The OR has powers if the amount is over £1000. They have other post-bankruptcy powers but can't see that a tax code error by the HMRC falls within this.

I see it's nowhere near that amount, probably about £150 in total based on what I can see.