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Title: Tax & P60 Post by: oxford_fan on Saturday, May 9, 2009, 12:27:21 Any help with this would be much appreciated.
For 2008-2009 my tax code was 603L which I think means my threshold was £6,030. In my job in Norwich I earnt £6,038.15, taxed £487.40 In my current job I earnt £2,836.03, taxed £79.60 In total I earnt £8,874.18 and was taxed £567.00 Am I right in thinking that I can claim back the tax on the first £6,030 I earnt, or do I waive that by having earnt above my threshold? Cheers. Title: Re: Tax & P60 Post by: Talk Talk on Saturday, May 9, 2009, 12:33:51 Bash it into this and see where you stand:
http://payecalculator.hmrc.gov.uk/PAYE0.aspx (http://payecalculator.hmrc.gov.uk/PAYE0.aspx) You won't get a refund no matter how hard you try (bastards) - I overpaid £1k last tax year and all they will do is to change this year's tax code to compensate. Oh and be careful - I don't know what the NI threshold is but you have probably paid some and that is not reclaimable. It's one big black hole. Title: Re: Tax & P60 Post by: jonny72 on Saturday, May 9, 2009, 12:42:06 Am I right in thinking that I can claim back the tax on the first £6,030 I earnt, or do I waive that by having earnt above my threshold? Provided you pass your tax details on (P45 or whatever) when you changed jobs then it would have all been taken care of automatically. From the figures you quoted I'd say you were in effect re-imbursed the over payment by having less tax deducted from your current job. And as Talk Talk said, they sort any minor discrepancies out with your tax code the following year. Title: Re: Tax & P60 Post by: Bushey Boy on Saturday, May 9, 2009, 14:36:52 Id say ring them, I got a large rebate last month which was handy
Title: Re: Tax & P60 Post by: STFC_Manc on Saturday, May 9, 2009, 14:37:20 Bash it into this and see where you stand: http://payecalculator.hmrc.gov.uk/PAYE0.aspx (http://payecalculator.hmrc.gov.uk/PAYE0.aspx) You won't get a refund no matter how hard you try (bastards) - I overpaid £1k last tax year and all they will do is to change this year's tax code to compensate. Oh and be careful - I don't know what the NI threshold is but you have probably paid some and that is not reclaimable. It's one big black hole. I overpaid two years ago and got a cheque for the amount I overpaid. It was not till part way through the following year, that I bothered to sort it out though. Title: Re: Tax & P60 Post by: Simon Pieman on Saturday, May 9, 2009, 18:21:26 www.listentotaxman.com
Fill that bad boy in...remember it is from April 06 to April 05. If you need a refund contact HMRC, you should be able to get a refund, but will probably need to fill in some forms. Title: Re: Tax & P60 Post by: nevillew on Sunday, May 10, 2009, 07:07:03 Roughly speaking you should have paid tax at 20% ish on the sum over and above your allowance,
20% of 2800 sounds about right to me. You will have had the benefit of much less tax, or even a rebate on your current job. Title: Re: Tax & P60 Post by: Simon Pieman on Sunday, May 10, 2009, 09:03:34 Now I'm more sober I changed myu link so it actually works and had a look to see if the tax was correct.
£567.84 is what you should have paid, so you have nothing to claim back or pay. Title: Re: Tax & P60 Post by: oxford_fan on Sunday, May 10, 2009, 14:53:16 thank you all!
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