Claiming tax back.
Apr 17th 2005, 11:55 pm
#1
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Claiming tax back.
Hi,
Hubbys still not claimed his tax back yet,
can some one point me in the right direction of what form to download? 
& where to download it from?
Been meaning to do it since we left the UK!
Thanks,
Donna.
Hubbys still not claimed his tax back yet,
can some one point me in the right direction of what form to download? & where to download it from?Been meaning to do it since we left the UK!
Thanks,
Donna.
Apr 18th 2005, 12:08 am
#2
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Re: Claiming tax back.
Doh... Think ive found what one-p85?
Ahh the wonders of that search button...pity i dont have a button to switch my brain on
Donna..Monday morning thick head!
Think ive found what one-p85?Ahh the wonders of that search button...pity i dont have a button to switch my brain on
Donna..Monday morning thick head!
Apr 18th 2005, 12:21 am
#3
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Joined: Feb 2003
Location: Brisvegas
Posts: 3,506
Re: Claiming tax back.
Which month did you leave the UK?
Apr 18th 2005, 12:45 am
#4
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Re: Claiming tax back.
Originally Posted by jayr
Which month did you leave the UK?
January.
Donna.
Apr 18th 2005, 1:09 am
#5
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Joined: Feb 2003
Location: Brisvegas
Posts: 3,506
Re: Claiming tax back.
Originally Posted by madsad
January.
Donna.
Donna.
For example, if on an annual salary of 30,000GBP then actual gross for nine of 12 months is 22,500GBP.
The tax you should have paid for the year is based on the 22,500. You would have overpaid as you have paid 9/12 of the annual tax on 30,000.
I haven't double checked the numbers - but on a 30,000 you would have paid 3,985 in tax over nine months. Actual earnings at 22,500 for the entire tax year would mean tax of 3,664 for the year. Tax refund is 3,985-3,664.
If you have been 40% marginal tax rate you'll be even better off as part of your income will have been taxed at 40% when it should only have been taxed at 22%.
Apr 18th 2005, 1:45 am
#6
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Re: Claiming tax back.
Originally Posted by jayr
Calculate how much you would have paid on an annual salary equivalent to what you actually grossed.
For example, if on an annual salary of 30,000GBP then actual gross for nine of 12 months is 22,500GBP.
The tax you should have paid for the year is based on the 22,500. You would have overpaid as you have paid 9/12 of the annual tax on 30,000.
I haven't double checked the numbers - but on a 30,000 you would have paid 3,985 in tax over nine months. Actual earnings at 22,500 for the entire tax year would mean tax of 3,664 for the year. Tax refund is 3,985-3,664.
If you have been 40% marginal tax rate you'll be even better off as part of your income will have been taxed at 40% when it should only have been taxed at 22%.
For example, if on an annual salary of 30,000GBP then actual gross for nine of 12 months is 22,500GBP.
The tax you should have paid for the year is based on the 22,500. You would have overpaid as you have paid 9/12 of the annual tax on 30,000.
I haven't double checked the numbers - but on a 30,000 you would have paid 3,985 in tax over nine months. Actual earnings at 22,500 for the entire tax year would mean tax of 3,664 for the year. Tax refund is 3,985-3,664.
If you have been 40% marginal tax rate you'll be even better off as part of your income will have been taxed at 40% when it should only have been taxed at 22%.
Thanks for that Jayr,
Nice little start for the xmas kitty!!
Donna.
Apr 18th 2005, 2:59 am
#7
Superfreak!!
Joined: Jan 2004
Location: Thornlie, Perth, W.A.
Posts: 1,177
Re: Claiming tax back.
Can you chuck us that link as well please Donna? Thanks 
Apr 18th 2005, 3:38 am
#8
Thread Starter
Joined: Mar 2004
Location: pacific pines
Posts: 4,418
Re: Claiming tax back.
Originally Posted by Stormz
Can you chuck us that link as well please Donna? Thanks
http://www.hmrc.gov.uk/cnr/p85_p85s.htm
There ya go Stormz.
Donna.
Apr 18th 2005, 5:07 am
#9
Superfreak!!
Joined: Jan 2004
Location: Thornlie, Perth, W.A.
Posts: 1,177
Re: Claiming tax back.
Originally Posted by madsad
There ya go Stormz.
