Child Benefit & Tax Return

zagfles

On the P60 is should highlight the figures to use for the tax return. What are they? You have 2 figures, gross pay and pay(*). Which does it say to use for the tax return? Which did you use?

Did you get any back pay from the old job after the P45? Since your "pay from previous employment" on the P60 is higher than your P45 pay.

Dazed_and_C0nfused

This thread has got very convoluted.

It started with a query about a bill for over £1600 but the subsequent calculation that was posted showed just £1,222.60 due.

The various pay figures quoted seem to change and don't match this from the calculation,

Pay from all employments £53,934.00

It might be time to take a breath and start from scratch.  Starring with exactly what have you entered on the employment pages of your return to arrive at £53,934?

Did you receive a payment after leaving from your old employer?  It's possible this had 20% tax deducted but 40% tax could actually be due on it?

So my P45 totals are (month number 5)
Total pay to date: £20,531.33

On my P60 the Pay (*) figure for this employment is 30,952 and Pay for Previous Employments is £22,070

BlueMickey

Dazed_and_C0nfused said:

This thread has got very convoluted.

It started with a query about a bill for over £1600 but the subsequent calculation that was posted showed just £1,222.60 due.

The various pay figures quoted seem to change and don't match this from the calculation,

Pay from all employments £53,934.00

It might be time to take a breath and start from scratch.  Starring with exactly what have you entered on the employment pages of your return to arrive at £53,934?

Did you receive a payment after leaving from your old employer?  It's possible this had 20% tax deducted but 40% tax could actually be due on it?

So my P45 totals are (month number 5)
Total pay to date: £20,531.33

On my P60 the Pay (*) figure for this employment is 30,952 and Pay for Previous Employments is £22,070

Employment 1:
Pay: 20,531
Tax taken off: 3063

Employment 2: 
Pay: 33,403
Tax taken off: 5,210

The I received payment for accrued but untaken holiday on leaving my old employer which equated to around £1000 - £1200 net. 

Dazed_and_C0nfused

What I don't quite understand is how if HMRC have paid me around £1,097 over the course of the year, how they can expect over £1600 to be paid back. 

I suspect the answer lies here,

The I received payment for accrued but untaken holiday on leaving my old employer which equated to around £1000 - £1200 net. 

Normally tax code 0T is used for payments after you have left an employer and if the figures are low enough that would mean 20% tax will have been paid at the time but overall for that tax year you actually need to pay 40% tax on it.

zagfles

I suspect there are at least 3 mistakes here.

OP - answer the question above. Your P60 has 2 figures for pay, "gross pay" and "pay(*)". It should make it clear on the P60 which should be used for the tax return. I suspect it's the lower figure because the total pay on the P60 (inc previous employments) is less than the sum of the P45 and "gross pay", but is more than the sum of the P45 and pay(*), probably explained by the extra payment. for which you need the gross figure, so look at that payslip for the extra payment. They'll probably add up to 53022. That is probably the correct total from employment figure.

Does the P60 not explain what the * means? On P60s I've seen the * usually refers to the figure to be used for the tax return.

And it looks like you didn't include the WAH allowance on the tax return.

BlueMickey

zagfles said:

I suspect there are at least 3 mistakes here.

OP - answer the question above. Your P60 has 2 figures for pay, "gross pay" and "pay(*)". It should make it clear on the P60 which should be used for the tax return. I suspect it's the lower figure because the total pay on the P60 (inc previous employments) is less than the sum of the P45 and "gross pay", but is more than the sum of the P45 and pay(*), probably explained by the extra payment. for which you need the gross figure, so look at that payslip for the extra payment. They'll probably add up to 53022. That is probably the correct total from employment figure.

Does the P60 not explain what the * means? On P60s I've seen the * usually refers to the figure to be used for the tax return.

And it looks like you didn't include the WAH allowance on the tax return.

Hi - it says:

This is your gross pay, less any superannuation contributions or charity donations we have allowed against your tax. Use this figure for your Tax return, if you get one.

I'll need to include the WAH allowance and double check that, expect that will lower slightly?

Have you received any taxable benefits and expense payments from XXX?
Do you wish to claim any employment expenses or capital allowances while working for XXX?

I've selected no for both these options, would it come under that?

zagfles

BlueMickey said:

zagfles said:

I suspect there are at least 3 mistakes here.

OP - answer the question above. Your P60 has 2 figures for pay, "gross pay" and "pay(*)". It should make it clear on the P60 which should be used for the tax return. I suspect it's the lower figure because the total pay on the P60 (inc previous employments) is less than the sum of the P45 and "gross pay", but is more than the sum of the P45 and pay(*), probably explained by the extra payment. for which you need the gross figure, so look at that payslip for the extra payment. They'll probably add up to 53022. That is probably the correct total from employment figure.

Does the P60 not explain what the * means? On P60s I've seen the * usually refers to the figure to be used for the tax return.

And it looks like you didn't include the WAH allowance on the tax return.

Hi - it says:

This is your gross pay, less any superannuation contributions or charity donations we have allowed against your tax. Use this figure for your Tax return, if you get one.

Right, so use that for the second job.

For the first job, it should be the P45 plus the taxable amount of the extra payment you got after the P45.

The total of both should probably add to 53022. Does it?

Similarly for total tax deducted.

I'll need to include the WAH allowance and double check that, expect that will lower slightly?

Have you received any taxable benefits and expense payments from XXX?
Do you wish to claim any employment expenses or capital allowances while working for XXX?

I've selected no for both these options, would it come under that?

Yes under employment expenses. I think it's the box "Other expenses and capital allowances" at least that's what I used on mine. I'm not sure what you do with two jobs, suspect you share it between them eg £6 x the number of weeks in each job. Maybe someone else can clarify this, or it might be in Martin's guide on the main site.

[Deleted User]

Do you wish to claim any employment expenses or capital allowances while working for XXX?

I've selected no for both these options, would
it come under that?

you need to select ‘Yes’ to this question. A box for ‘other expenses and capital allowances’ now appears.

BlueMickey

[Deleted User] said:

Do you wish to claim any employment expenses or capital allowances while working for XXX?

I've selected no for both these options, would
it come under that?

you need to select ‘Yes’ to this question. A box for ‘other expenses and capital allowances’ now appears.

Brilliant, thanks so much.

I've added £312 (i.e. £6 per week x 52 weeks) and it has reduced the tax bill to £1,076.