when to put in p85?
Aug 24th 2007, 6:55 am
#17
What's happening dudes?
Joined: Mar 2004
Location: Bayside Brisbane
Posts: 20,647
Re: when to put in p85?
I was thinking along the lines of you shouldn't send it until you are not eligible to pay any more tax but I guess because you're after a refund, the IR will do this whenever and if you don't claim all your entitlements that's your own lookout.
Aug 25th 2007, 4:31 am
#20
Just Joined
Joined: May 2005
Posts: 13
Re: when to put in p85?
I sent mine end feb and was stunned they still cant tell me what stage it has reached or when i will receive written acknowledgement.phoned them again this week and was advised it had moved onto another dept but they couldnt put me through:curse:
P85 allows you to try and claim claim any tax you may have overpaid to UK taxman - we left UK in June, the new financial year starts 1st April, I can`t remember what my tax threshold was but obviously only being a month into the fin year I earned under that threshold, so should get back the tax paid between 1st April and me leaving the country (hope that makes sense). Im pretty sure I had to wait for my P45 from my employer before I could send my P85 back, I wouldn`t hold you breath though because I`ve been waiting over 8 weeks now and still nothing. They have a backlog at the tax office apparently
Aug 25th 2007, 7:33 am
#21
BE Enthusiast
Joined: Nov 2005
Location: Bocas del Toro
Posts: 700
Re: when to put in p85?
This is the third time I've claimed for tax paid with a P85... got to say it's great getting tax BACK from those buggers. Anyway, I have filled them in after I have finished my job bt before I have left the UK, and have never had a problem getting the £££ I'm owed. It would make sense that you would have to wait until a P45 has been issued, but it's never something I've thought about & have always got what is owed...
So everyone please, download your P85s and spend your hard earned cash on Aussie beer & wine instead of shiny new never to be used nuclear subs!!!
http://www.hmrc.gov.uk/cnr/p85.pdf
So everyone please, download your P85s and spend your hard earned cash on Aussie beer & wine instead of shiny new never to be used nuclear subs!!!
http://www.hmrc.gov.uk/cnr/p85.pdf
Aug 25th 2007, 8:50 am
#22
BE Enthusiast
Joined: Jan 2007
Location: Perth, Western Australia baby!!!
Posts: 351
Re: when to put in p85?
Does anyone know how this would work for self employed persons.
Do you get a p45 when you close down your business?
thanks guys
Do you get a p45 when you close down your business?
thanks guys
Aug 25th 2007, 2:18 pm
#23
Banned
Joined: Dec 2004
Location: Tapping (Perth)
Posts: 2,619
Re: when to put in p85?
If you're self-employed you pay tax through completing the tax self-assessment return. When you've closed down your business, you still need to do the tax return. The return calculates tax due/overpaid and you then pay it or get a refund. There is a box on the return where you can specify whether you want it paid into a bank account or a cheque sent.
Gina
Aug 25th 2007, 7:53 pm
#24
BE Enthusiast
Joined: Jan 2007
Location: Perth, Western Australia baby!!!
Posts: 351
Re: when to put in p85?
No, you don't get a P45 when you're self-employed.
If you're self-employed you pay tax through completing the tax self-assessment return. When you've closed down your business, you still need to do the tax return. The return calculates tax due/overpaid and you then pay it or get a refund. There is a box on the return where you can specify whether you want it paid into a bank account or a cheque sent.
Gina
If you're self-employed you pay tax through completing the tax self-assessment return. When you've closed down your business, you still need to do the tax return. The return calculates tax due/overpaid and you then pay it or get a refund. There is a box on the return where you can specify whether you want it paid into a bank account or a cheque sent.
Gina
Aug 26th 2007, 9:10 pm
#25
Forum Regular
Joined: May 2006
Location: Cardiff
Posts: 94
Re: when to put in p85?
Does anyone know the address you send it off to. On my form it says send to above address, however this is blank as we downloaded our form fom the internet?
Denis.
Denis.
