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Talking Of Refunds
8 Answers
If you were due a tax refund would you be notified. I have never ever received a refund in my life and I have paid tax since I was 16 and still am. Am I missing out. Ta all.
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they write to you and send a cheque
emails saying click on this and collect your moolah are scams
without knowing your tax details ( and I think AB is not suitable for transfer of such data) I cannot possibly say if you are due
if your only income is wages it is pretty unlikely that you have lost out - they adjust it from year to year with your tax code - that they SHOULD write to you about
emails saying click on this and collect your moolah are scams
without knowing your tax details ( and I think AB is not suitable for transfer of such data) I cannot possibly say if you are due
if your only income is wages it is pretty unlikely that you have lost out - they adjust it from year to year with your tax code - that they SHOULD write to you about
Yes, but if your tax affairs are simple- eg just one source of income then tax is normally deducted correctly through PAYE so there is no overpayment/underpayment, or if there is a small difference it can be sorted by adjusting your code sllightly. Overpayment can occur if you have two or more jobs and pensions or you change jobswithout a p45 and are on an emergency code for a while
The calculation is pretty straighforward for us proles and paupers
find out the total gross income
knock off £11 000 ( the tax free amoubt)
tax the remainder at 0.2 ( 20% )
that should correspond to the tax you should have paid
( up to £38125) ( that is £48125 gross)
(Gift aid - add the amount you gift aided to the 11 000
odd but that is what the tax man does
and then redo the calc)
find out the total gross income
knock off £11 000 ( the tax free amoubt)
tax the remainder at 0.2 ( 20% )
that should correspond to the tax you should have paid
( up to £38125) ( that is £48125 gross)
(Gift aid - add the amount you gift aided to the 11 000
odd but that is what the tax man does
and then redo the calc)
-- answer removed --
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