A couple of (legal) ways to gain some extra money when emigrating
Jul 29th 2010, 10:22 pm
#46
Forum Regular
Joined: Nov 2008
Location: Sydney
Posts: 123
Re: A couple of (legal) ways to gain some extra money when emigrating
Does anyone know if there is a VAT refund desk at all airports, e.g. Glasgow?
Jul 29th 2010, 10:34 pm
#47
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: A couple of (legal) ways to gain some extra money when emigrating
With regards to getting refunds on sales tax, you can also do this in Singapore.
Jul 30th 2010, 12:19 am
#48
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: A couple of (legal) ways to gain some extra money when emigrating
Malaysian go from T4, and are cheaper and have comfier seats, I'll have to go with them next time.
Aug 13th 2010, 7:03 pm
#49
Forum Regular
Joined: Nov 2007
Posts: 152
Re: A couple of (legal) ways to gain some extra money when emigrating
1. Work out how much tax in total you will have paid on the date you emigrate by looking at a pay slip and multiplying the tax by the number of months of the tax year you will have worked (assuming you get paid the same each month).
2. Then look up the income tax threshholds for the tax year you are emigrating in. Work out the total you will have earned in the tax year you are emigrating in by multiplying your gross pay by the number of months in the tax year until you emigrate. Then apply that total to the income tax thresholds to get the amount of tax you should have paid.
The rebate will be approximately the answer to 1 minus the answer to 2.
BB
2. Then look up the income tax threshholds for the tax year you are emigrating in. Work out the total you will have earned in the tax year you are emigrating in by multiplying your gross pay by the number of months in the tax year until you emigrate. Then apply that total to the income tax thresholds to get the amount of tax you should have paid.
The rebate will be approximately the answer to 1 minus the answer to 2.
BB
The P85 form asks for details of this. For example if I leave in November, and start receiving rent through the rest of the tax year?
Thanks
