uk income tax and leaving
Feb 2nd 2004, 3:44 pm
#1
Thread Starter
Joined: Aug 2003
Posts: 8,147
uk income tax and leaving
hi folks
just been pondering about leaving...compiling lists etc as you do...and I wondered about when would be the best time to leave the uk in regards to reclaiming income tax paid to the IR that year? I have a vague recollection of someone mentioning that to be able to claim any tax back you need to have left the uk before 180 days into the tax year????
Does this make sense?
Sue
just been pondering about leaving...compiling lists etc as you do...and I wondered about when would be the best time to leave the uk in regards to reclaiming income tax paid to the IR that year? I have a vague recollection of someone mentioning that to be able to claim any tax back you need to have left the uk before 180 days into the tax year????
Does this make sense?
Sue
Feb 2nd 2004, 4:16 pm
#2
no longer searching
Joined: Sep 2002
Posts: 2,030
Re: uk income tax and leaving
you get a personal allowance (PA), then there are tax bands with different rates of tax.
The PA & tax bands assume you work throughout the year, so, for example, 9 mths into the tax yr you will receive 9/12th of your PA, and taxed depending on your income on 9/12ths of the tax bands.
Thus if you leave before the end of the tax year (5 April & if you receive no further UK income) you will have not used up all of your PA, and made full use of all the tax bands.
As you are entitled to the full year PA & tax bands you will have overpaid you tax, and should be able to claim an amount back.
hope that makes sense.
The PA & tax bands assume you work throughout the year, so, for example, 9 mths into the tax yr you will receive 9/12th of your PA, and taxed depending on your income on 9/12ths of the tax bands.
Thus if you leave before the end of the tax year (5 April & if you receive no further UK income) you will have not used up all of your PA, and made full use of all the tax bands.
As you are entitled to the full year PA & tax bands you will have overpaid you tax, and should be able to claim an amount back.
hope that makes sense.
Feb 2nd 2004, 11:30 pm
#3
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Tax repayment on leaving the UK
Sue,
The form to complete is the P85, which is available here:
http://www.inlandrevenue.gov.uk/cnr/p85_p85s.htm
Best regards.
The form to complete is the P85, which is available here:
http://www.inlandrevenue.gov.uk/cnr/p85_p85s.htm
Best regards.
Originally posted by tiredwithtwins
hi folks
just been pondering about leaving...compiling lists etc as you do...and I wondered about when would be the best time to leave the uk in regards to reclaiming income tax paid to the IR that year? I have a vague recollection of someone mentioning that to be able to claim any tax back you need to have left the uk before 180 days into the tax year????
Does this make sense?
Sue
hi folks
just been pondering about leaving...compiling lists etc as you do...and I wondered about when would be the best time to leave the uk in regards to reclaiming income tax paid to the IR that year? I have a vague recollection of someone mentioning that to be able to claim any tax back you need to have left the uk before 180 days into the tax year????
Does this make sense?
Sue
Feb 3rd 2004, 7:28 am
#4
Forum Regular
Joined: Dec 2003
Location: Bris!!
Posts: 241
Re: uk income tax and leaving
Originally posted by tiredwithtwins
hi folks
just been pondering about leaving...compiling lists etc as you do...and I wondered about when would be the best time to leave the uk in regards to reclaiming income tax paid to the IR that year? I have a vague recollection of someone mentioning that to be able to claim any tax back you need to have left the uk before 180 days into the tax year????
Does this make sense?
Sue
hi folks
just been pondering about leaving...compiling lists etc as you do...and I wondered about when would be the best time to leave the uk in regards to reclaiming income tax paid to the IR that year? I have a vague recollection of someone mentioning that to be able to claim any tax back you need to have left the uk before 180 days into the tax year????
Does this make sense?
Sue
When I left work to go to Uni in Sept 2002 (more than 180 days in) I just phoned them up, they sent me the form and paid me fairly quickly what I had overpaid. I had no problems and they were pretty helpful.
Muzzman
