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Author Topic: Tax rebate question  (Read 2622 times)

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tigers_gonads

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Tax rebate question
« on: 13 April 2016, 11:11:08 »

I'm owed quite a few hundred quid back off the taxman.

Do I have to contact them or is it sorted out automatically ?

When will I receive the cheque ?

TIA  :)
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Field Marshal Dr. Opti

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Re: Tax rebate question
« Reply #1 on: 13 April 2016, 11:15:17 »

I'm owed quite a few hundred quid back off the taxman.

Do I have to contact them or is it sorted out automatically ?

When will I receive the cheque ?

TIA  :)


Depends....Mr Gonads.

In the past I have received a surprise cheque. At other times it is like trying to get blood from a stone.

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LC0112G

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Re: Tax rebate question
« Reply #2 on: 13 April 2016, 14:21:47 »

I'm owed quite a few hundred quid back off the taxman.

Do I have to contact them or is it sorted out automatically ?

When will I receive the cheque ?

TIA  :)

You'll have to contact them. They can't possibly know all your tax affairs unless you tell them - Building Society interest, Share/Fund Dividends, Rental income, Personal pension subscriptions, Foreign income, Panama Investment Trusts  ::) - So how can they know how much tax to refund you?

You don't say the nature of the overpayment, but, if it's a simple PAYE matter they can either refund the money directly into your bank account, or adjust this years tax code so that you 'underpay' this years tax to compensate for the 'overpayment' last year. If the overpayment is complex then you'll probably end up filling in a self assessment form, and they usually refund the overpayment within about 6 weeks.
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tigers_gonads

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Re: Tax rebate question
« Reply #3 on: 13 April 2016, 15:09:19 »

I'm owed quite a few hundred quid back off the taxman.

Do I have to contact them or is it sorted out automatically ?

When will I receive the cheque ?

TIA  :)

You'll have to contact them. They can't possibly know all your tax affairs unless you tell them - Building Society interest, Share/Fund Dividends, Rental income, Personal pension subscriptions, Foreign income, Panama Investment Trusts  ::) - So how can they know how much tax to refund you?

You don't say the nature of the overpayment, but, if it's a simple PAYE matter they can either refund the money directly into your bank account, or adjust this years tax code so that you 'underpay' this years tax to compensate for the 'overpayment' last year. If the overpayment is complex then you'll probably end up filling in a self assessment form, and they usually refund the overpayment within about 6 weeks.



PAYE

I have 2 jobs on the books so to speak.

The 1st never reaches the weekly taxable threshold per week.
As for the 2nd one, I was taxed 20p in the pound from the first penny (emergency tax / NI contributions).
Worked out at a average of £18 a day plus top notch NI contributions  :(

Yes, I know I could have rang them in the first week to change it but left them to it and treat it as a little savings scheme  :y

Owed just under 600 quid since I never reached my tax code allowance and have sweet f all else  :y

Also in the process of sorting out a P87 since I have to wash my own uniform and with one of the jobs, i'm working away with no permanent site address so looking into food etc. 
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Terbs

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Re: Tax rebate question
« Reply #4 on: 13 April 2016, 15:25:45 »

As stated previously, they may send a cheque....or they may adjust your code. Unfortunately for me, the latter was the case :(
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Mr Gav

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Re: Tax rebate question
« Reply #5 on: 13 April 2016, 16:37:01 »

You could always file a tax return, that way you get the money direct into your bank (if you do it online)
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TheBoy

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Re: Tax rebate question
« Reply #6 on: 13 April 2016, 18:53:10 »

2 jobs, I'm sure the 2nd is ALWAYS a K code, so you might not be due it...
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STEMO

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Re: Tax rebate question
« Reply #7 on: 13 April 2016, 19:00:37 »

2 jobs, I'm sure the 2nd is ALWAYS a K code, so you might not be due it...
K code is used to deduct tax, but you're still entitled to it back if you overpay.
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LC0112G

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Re: Tax rebate question
« Reply #8 on: 13 April 2016, 21:29:54 »

PAYE

I have 2 jobs on the books so to speak.

The 1st never reaches the weekly taxable threshold per week.
As for the 2nd one, I was taxed 20p in the pound from the first penny (emergency tax / NI contributions).
Worked out at a average of £18 a day plus top notch NI contributions  :(

Yes, I know I could have rang them in the first week to change it but left them to it and treat it as a little savings scheme  :y

Owed just under 600 quid since I never reached my tax code allowance and have sweet f all else  :y

Also in the process of sorting out a P87 since I have to wash my own uniform and with one of the jobs, i'm working away with no permanent site address so looking into food etc.

You can't normally reclaim NI, but, I don't think you can have overpaid NI anyway. AIUI NI is calculated on a 'per-job' basis with the first £155 per week from each and every job being NI free, and the remainder charged at 12%. So if you have 2 jobs (subject to certain conditions like you not being a controlling director)  then each job gets a £155 NI allowance - so £310 p/w total.

You will have overpaid income tax though.  The simplest way to sort it out would be to fill in a Self Assessment form for the 2015-16 tax year. However, it seems that once you're on SA, its a devil to get off it so you'll be filling in forms till you die. They're not that bad once you get used to them (been doing mine for 20 odd years!). The other option is to ring HMRC and see if you can sort it out over the 'phone.  I wouldn't hold my breath on it though.

I don't think HMRC issue cheques anymore either - all done by bank transfers.
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STEMO

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Re: Tax rebate question
« Reply #9 on: 13 April 2016, 21:33:19 »

The last time I was owed some tax, I just rang the tax office and sorted it over the phone. I realise things have probably gone downhill since then.
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tigers_gonads

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Re: Tax rebate question
« Reply #10 on: 14 April 2016, 10:20:12 »

Thanks for the info lads  :)

Looks like i'll have to bight the bullet and pick the phone up  ;)

Anybody got a hidden number for them which is cheapish from a mobile ?
Looking at what they and O2 charge, it will probably wipe out half of the money owed if I ring the number on the .gov site  >:(
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TD

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Re: Tax rebate question
« Reply #11 on: 16 April 2016, 09:50:28 »

Thanks for the info lads  :)

Looks like i'll have to bight the bullet and pick the phone up  ;)

Anybody got a hidden number for them which is cheapish from a mobile ?
Looking at what they and O2 charge, it will probably wipe out half of the money owed if I ring the number on the .gov site  >:(

Try

saynoto0870.com  :y
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tigers_gonads

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Re: Tax rebate question
« Reply #12 on: 16 April 2016, 10:23:44 »

Thanks for the info lads  :)

Looks like i'll have to bight the bullet and pick the phone up  ;)

Anybody got a hidden number for them which is cheapish from a mobile ?
Looking at what they and O2 charge, it will probably wipe out half of the money owed if I ring the number on the .gov site  >:(

Try

saynoto0870.com  :y


Been busy so not had a chance
Found a 0845 number on there which should save us a few quid depending on how long i'm listening to friggin greensleves   ::)
I'll give them a call on Monday and see what I can sort out.
Looking like our lass and mini me are owed a few quid too  :y :y
Cheers TD  :)
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TD

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Re: Tax rebate question
« Reply #13 on: 16 April 2016, 10:50:41 »

Thanks for the info lads  :)

Looks like i'll have to bight the bullet and pick the phone up  ;)

Anybody got a hidden number for them which is cheapish from a mobile ?
Looking at what they and O2 charge, it will probably wipe out half of the money owed if I ring the number on the .gov site  >:(

Try

saynoto0870.com  :y


Been busy so not had a chance
Found a 0845 number on there which should save us a few quid depending on how long i'm listening to friggin greensleves   ::)
I'll give them a call on Monday and see what I can sort out.
Looking like our lass and mini me are owed a few quid too  :y :y
Cheers TD  :)

I had a quick look searching for HMRC, a load of numbers throw up an 0345/0300 alternatives.....my mobile provider lets 03 numbers come out of inclusive minutes  :y so worth checking if yours does  :)
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