Overpaid Tax via PAYE and HMRC being useless

6022tivo

Because I left my job before the end of the financial year I overpaid tax via PAYE for the year ending April 2024. 

When I log into my HMRC record I get the message "You tax record for 23-24 is still being calculated and you do not need to do anything"

I am owed over £1000 and can not do anything to get it. 

When they do eventually get round to it, do I get the lost interest? 

I fear if I moan to get them to hurry this up, they will insist on a Tax Return for the missing last few months when I didn't work or do anything much.

[Deleted User]

6022tivo said:

Because I left my job before the end of the financial year I overpaid tax via PAYE for the year ending April 2024. 

When I log into my HMRC record I get the message "You tax record for 23-24 is still being calculated and you do not need to do anything"

I am owed over £1000 and can not do anything to get it. 

When they do eventually get round to it, do I get the lost interest? 

I fear if I moan to get them to hurry this up, they will insist on a Tax Return for the missing last few months when I didn't work or do anything much.

You could have completed a form P50 when you stopped work and obtained your refund very quickly. 

Too late for that option now. 

https://www.gov.uk/guidance/claim-back-income-tax-when-youve-stopped-working

Dazed_and_C0nfused

6022tivo said:

Because I left my job before the end of the financial year I overpaid tax via PAYE for the year ending April 2024. 

When I log into my HMRC record I get the message "You tax record for 23-24 is still being calculated and you do not need to do anything"

I am owed over £1000 and can not do anything to get it. 

When they do eventually get round to it, do I get the lost interest? 

I fear if I moan to get them to hurry this up, they will insist on a Tax Return for the missing last few months when I didn't work or do anything much.

Yes, HMRC do pay interest, from 1 February after the end of the tax year.  So if you are owed £1,000 from the 2023-24 tax year the interest will already be ~50p even if the send you a refund today.

You either meet the criteria for a tax return or you don't.  Your final comments suggests there is some important detail you aren't disclosing!

6022tivo

Dazed_and_C0nfused said:

6022tivo said:

Because I left my job before the end of the financial year I overpaid tax via PAYE for the year ending April 2024. 

When I log into my HMRC record I get the message "You tax record for 23-24 is still being calculated and you do not need to do anything"

I am owed over £1000 and can not do anything to get it. 

When they do eventually get round to it, do I get the lost interest? 

I fear if I moan to get them to hurry this up, they will insist on a Tax Return for the missing last few months when I didn't work or do anything much.

Yes, HMRC do pay interest, from 1 February after the end of the tax year.  So if you are owed £1,000 from the 2023-24 tax year the interest will already be ~50p even if the send you a refund today.

You either meet the criteria for a tax return or you don't.  Your final comments suggests there is some important detail you aren't disclosing!

Thanks for the reply. 

In previous years I normally get a letter in October saying I owe a little, or they owe me a little. 
Then a cheque arrives. 

My final comment was because in December 23 I decided to quit my job (Mid life crisis style) travel around Asia for a couple of months. Came back with a head that I wanted to declutter and sell loads of stuff I had on ebay which I did in the March, before going back to PAYE work in April. 

From the little research I have done, the ebay stuff isn't declarable as it's personal household possessions sold for a loss from when I originally bought them. 
Old clothes, tech stuff etc, all my own 2nd hand stuff. 

That data has probably gone to the HMRC which is fine, and it doesn't form a business, or requires a tax return. 
The concern I have if I chase this tax refund, they will insist on one and I can't really be bothered as I don't believe I need to. 

As said, it's normally October, but it's still in progress which is annoying.. 

Sarahspangles

6022tivo said:

As said, it's normally October, but it's still in progress which is annoying.. 

A lot of us are waiting. They’re now forecasting the end of March for my calculation. Ironically, we could probably have a faster service if we paid more tax.

I think you’re worrying unnecessarily about your eBay declutter. It became an overnight urban myth that everyone was going to be taxed for selling their old stuff. Unless you’re buying and selling high volumes, hence trading.

badmemory

HMRC are running very very late.  My simple assessment was 6 months later than usual & I only got that because I rang & chased it.  So if you normally hear in October you could be waiting until April onwards.

6022tivo

Thanks for the updates, at least others are in the same situation. 

I'm not bothered about the ebay stuff, no "profit" was made. It's just in response to 3 months of no PAYE earnings at the end of the year. 
Again, no trading, selling random house clutter. Just don't want the faff of a tax return. 

Dazed_and_C0nfused

6022tivo said:

Thanks for the updates, at least others are in the same situation. 

I'm not bothered about the ebay stuff, no "profit" was made. It's just in response to 3 months of no PAYE earnings at the end of the year. 
Again, no trading, selling random house clutter. Just don't want the faff of a tax return. 

You are the only person who is even bringing the need for a tax return into the equation.

6022tivo

Dazed_and_C0nfused said:

6022tivo said:

Thanks for the updates, at least others are in the same situation. 

I'm not bothered about the ebay stuff, no "profit" was made. It's just in response to 3 months of no PAYE earnings at the end of the year. 
Again, no trading, selling random house clutter. Just don't want the faff of a tax return. 

You are the only person who is even bringing the need for a tax return into the equation.

If I was a HMRC person, I would see a three month gap at the end of the tax year, and records from ebay for over £2k of sales. 
I would then potentially call for a tax return. 

Relax, it's all fine. 

Hoenir

My very simple tax affairs for 23/24 were finally reconciled on Monday.