I quit my job, tax rebate ?
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whatsup7
Posts: 136 Forumite
in Cutting tax
So I left my job the other day, am I entitled to claim any tax back
I probably won’t be working again this tax year
I paid £2080 in tax this year
Any idea what i would relieve back
Thanks for any replies
I probably won’t be working again this tax year
I paid £2080 in tax this year
Any idea what i would relieve back
Thanks for any replies
0
Comments
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Are you signing on for any benefits?0
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It's a little tricky to say without knowing how much you have actually earned.
But if you on the standard emergency tax code of 1185L on a cumulative basis and have earned say £17,318 so far this tax year (up to 5 November 2018, the end of month 7 of the tax year) then you might be due about £985 back if you no further taxable income in this tax year.
The actual figure will depend on your actual taxable income, which country you are resident in for tax purposes and possibly other things (do you owe tax for an earlier year or have any extra allowances included in your tax code?)0 -
Thanks for replies I earnt £17400
I went part time, same job on half pay in September so presume tax code was set at full time expected earnings
Tax code 1199l/0
Don’t anymore tax from previous year etc0 -
So if we assume that,
a) you don't have any more taxable income in this tax year
b) your tax code has been increased to from 1185L to 1199L due to you claiming flat rate expenses (laundry, tools etc)
c) you don't become Scottish resident for tax purposes
Then the tax you will owe for 2018:19 will be £1082 (£17,400 - £11,850 - £140 = £5410 x 20%).
You have already paid £2080 so should get a refund of £998.
Google gov.uk P50.0 -
Dazed_and_confused wrote: »So if we assume that,
a) you don't have any more taxable income in this tax year
b) your tax code has been increased to from 1185L to 1199L due to you claiming flat rate expenses (laundry, tools etc)
c) you don't become Scottish resident for tax purposes
Then the tax you will owe for 2018:19 will be £1082 (£17,400 - £11,850 - £140 = £5410 x 20%).
You have already paid £2080 so should get a refund of £998.
Google gov.uk P50.
Not sure why I’m in this tax rate as I’ve never claimed for anything0 -
Well let HMRC know and they will remove the £140 and you'll get a slightly lower refund of £970 (less anything they say you owe for any earlier years you have received the additional £140 for)0
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I guess I fill a form in or does it happen automatically
First time I’ve never not worked in 37 years0
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