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Overpaid Salary and Overpaid Tax - Can't get the tax back
Comments
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Grumpy_chap said:sheramber said:I read it as the OP squared things with the employer.In his example, he earned £4000 gross and paid ta x of £1.5K.
He repaid the NET amount so he got £2.5k and repaid £2.5k
But the employer books showed a deduction of £4k less than£2.5k repaid.
It is the employer who is due the tax deducted back, not the OP.Employer pays out 4k.oP 4k £2.5k to OP. 1.5k to HMRC
OP not due money so employer due 4k back
OP paid back 2.5k so employer now missing the 1.5k tax,sent to HMRCBUT
OP then states he paid back £7.5k , which is not the net figure. Of ( 4k less 1.5k) x2.
The OP received £4k gross, so £2.5k nett plus £1.5k income tax. This happened twice
The OP repaid the employer the £2.5k, but is still showing as having earned £4k so no tax will be refunded by HMRC.
The tax refund will go back to employer, but needs to be have the earnings journalled out from the OP's HMRC account otherwise earnings at the end of the year will show the OP as having earned £4k (twice) more than the OP actually earned so the OP's income tax liability will be incorrect.
You agree the employer is due the tax back , not the OP.
My post was to demonstrate to the OP that he was not due the tax back.
But he is looking for it back as he says he paid back 7.5k which equates to £13 gross (?) so he is due £3k back .
He also states“Meaning I paid taxes on a salary of 80,000 80,000gross when I actually earned approx. 65,000 k gross.”
So he is looking for the £3k back.
Removing the overpaid pay and tax is not going to repay that £3k.
Sorting out the correct figure of earnings and tax for the year is a separate process.If the old employer has not updated HMRC about adjusted figure then the OP should contact the employer helpline stating he is disputing a payment to get past the digital assistant.- HMRC Employer Helpline: 0300-200-3200.
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sheramber said:Grumpy_chap said:sheramber said:I read it as the OP squared things with the employer.In his example, he earned £4000 gross and paid ta x of £1.5K.
He repaid the NET amount so he got £2.5k and repaid £2.5k
But the employer books showed a deduction of £4k less than£2.5k repaid.
It is the employer who is due the tax deducted back, not the OP.Employer pays out 4k.oP 4k £2.5k to OP. 1.5k to HMRC
OP not due money so employer due 4k back
OP paid back 2.5k so employer now missing the 1.5k tax,sent to HMRCBUT
OP then states he paid back £7.5k , which is not the net figure. Of ( 4k less 1.5k) x2.
The OP received £4k gross, so £2.5k nett plus £1.5k income tax. This happened twice
The OP repaid the employer the £2.5k, but is still showing as having earned £4k so no tax will be refunded by HMRC.
The tax refund will go back to employer, but needs to be have the earnings journalled out from the OP's HMRC account otherwise earnings at the end of the year will show the OP as having earned £4k (twice) more than the OP actually earned so the OP's income tax liability will be incorrect.
You agree the employer is due the tax back , not the OP.
But he is looking for it back as he says he paid back 7.5k which equates to £13 gross so he isp due £3k back , which doesn’t make sense.1 -
Have you received an adjusted P45?
Have the old company actually resubmitted the FPS for those months?0 -
Your online account with tell you what has been submitted.
If the old company won't budge, then proceedings will need to be issued0 -
penners324 said:
If the old company won't budge, then proceedings will need to be issued0 -
Hoenir said:penners324 said:
If the old company won't budge, then proceedings will need to be issued
But they do owe me the correct details submitted to HMRC so that I can have a net salary of 65k (approx) for the year rather than 80k, which significantly increases my marginal tax on the 65k.
I have chased them and I've chased HMRC for the correct details and a p45, so far I have the p45 with the wrong pay on....
Thanks for all your help0
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