Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • whatsup7
    • By whatsup7 10th Nov 18, 11:48 AM
    • 107Posts
    • 27Thanks
    whatsup7
    I quit my job, tax rebate ?
    • #1
    • 10th Nov 18, 11:48 AM
    I quit my job, tax rebate ? 10th Nov 18 at 11:48 AM
    So I left my job the other day, am I entitled to claim any tax back
    I probably wonít be working again this tax year
    I paid £2080 in tax this year
    Any idea what i would relieve back
    Thanks for any replies
Page 1
    • sheramber
    • By sheramber 10th Nov 18, 11:52 AM
    • 5,457 Posts
    • 4,103 Thanks
    sheramber
    • #2
    • 10th Nov 18, 11:52 AM
    • #2
    • 10th Nov 18, 11:52 AM
    Are you signing on for any benefits?
    • whatsup7
    • By whatsup7 10th Nov 18, 11:59 AM
    • 107 Posts
    • 27 Thanks
    whatsup7
    • #3
    • 10th Nov 18, 11:59 AM
    • #3
    • 10th Nov 18, 11:59 AM
    Are you signing on for any benefits?
    Originally posted by sheramber
    No donít think so
    • Dazed and confused
    • By Dazed and confused 10th Nov 18, 12:30 PM
    • 3,207 Posts
    • 1,604 Thanks
    Dazed and confused
    • #4
    • 10th Nov 18, 12:30 PM
    • #4
    • 10th Nov 18, 12:30 PM
    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?)
    Last edited by Dazed and confused; 10-11-2018 at 12:35 PM.
    • whatsup7
    • By whatsup7 10th Nov 18, 12:36 PM
    • 107 Posts
    • 27 Thanks
    whatsup7
    • #5
    • 10th Nov 18, 12:36 PM
    • #5
    • 10th Nov 18, 12:36 PM
    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 etc
    • Dazed and confused
    • By Dazed and confused 10th Nov 18, 12:41 PM
    • 3,207 Posts
    • 1,604 Thanks
    Dazed and confused
    • #6
    • 10th Nov 18, 12:41 PM
    • #6
    • 10th Nov 18, 12:41 PM
    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.
    Last edited by Dazed and confused; 10-11-2018 at 12:49 PM.
    • BoGoF
    • By BoGoF 10th Nov 18, 12:50 PM
    • 3,629 Posts
    • 2,983 Thanks
    BoGoF
    • #7
    • 10th Nov 18, 12:50 PM
    • #7
    • 10th Nov 18, 12:50 PM
    No donít think so
    Originally posted by whatsup7
    Surely you know if yiu are claiming benefits?

    What are you going to live on for the rest of the year?
    • whatsup7
    • By whatsup7 10th Nov 18, 1:23 PM
    • 107 Posts
    • 27 Thanks
    whatsup7
    • #8
    • 10th Nov 18, 1:23 PM
    • #8
    • 10th Nov 18, 1:23 PM
    Surely you know if yiu are claiming benefits?

    What are you going to live on for the rest of the year?
    Originally posted by BoGoF
    I won’t be claiming benefits, I can manage on savings
    Last edited by whatsup7; 10-11-2018 at 1:25 PM. Reason: T
    • whatsup7
    • By whatsup7 10th Nov 18, 1:24 PM
    • 107 Posts
    • 27 Thanks
    whatsup7
    • #9
    • 10th Nov 18, 1:24 PM
    • #9
    • 10th Nov 18, 1:24 PM
    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.
    Originally posted by Dazed and confused
    Thanks again for the reply
    Not sure why Iím in this tax rate as Iíve never claimed for anything
    • Dazed and confused
    • By Dazed and confused 10th Nov 18, 1:31 PM
    • 3,207 Posts
    • 1,604 Thanks
    Dazed and confused
    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)
    • whatsup7
    • By whatsup7 10th Nov 18, 1:41 PM
    • 107 Posts
    • 27 Thanks
    whatsup7
    I guess I fill a form in or does it happen automatically
    First time I’ve never not worked in 37 years
    • Dazed and confused
    • By Dazed and confused 10th Nov 18, 1:45 PM
    • 3,207 Posts
    • 1,604 Thanks
    Dazed and confused
    Google gov.uk P50

    But if you don't bother it will be refunded automatically between May and November next year
    • whatsup7
    • By whatsup7 10th Nov 18, 1:49 PM
    • 107 Posts
    • 27 Thanks
    whatsup7
    Google gov.uk P50

    But if you don't bother it will be refunded automatically between May and November next year
    Originally posted by Dazed and confused
    Thanks very much for your help
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,574Posts Today

6,624Users online

Martin's Twitter