Re-claiming tax 2013-14

[LaTrucha]

sorry this is a really silly question, but I will have earnt under £10000 in the last tax year to April 5th. I have paid tax but need to claim it back. I was assuing i do this when i have my last pay slip for the year, but am i wrong? Do i need to be doing it now?

I feel silly, but it is years since i have done it.

Also, is it all online now? Or are there still paper forms?

I should add that this was provoked by looking at the self-assessment page on the HMRC website, which mentions a deadline of 31st January. This has to be for 2012-13, doesn't it? There must be people who don't know how much they will ern in february?

It only says so about tow thirds of the way down the page though so I am panicking!

Yup, you do your self assessment by the January after the April end of tax year. You don't have to wait that long. I do my tax return in April every year.

You can sign up to self assessment now and get your password etc posted out so you are ready in April.

If you're an employee, you may not need to fill in a self assessment form.

If you've had just the one job all year, your tax code is a standard code and you've paid through PAYE, it may correct itself on your final payslip of the tear.

If you've changed jobs, wait until you know what you've earned for the full year (total of all jobs) and then you can simply write to them with the total you've earned and explain that you've paid too much tax and you'd like a refund. They may write to request further information but if you've paid through PAYE, they should have all the info they need. You can also take this approach if you've just had the one hi and the tax hasn't corrected itself.

If you have any P11d benefits (car, health insurance) you'll need to wait until you get your P11d in July.

If you're self employed, you can do your self assessment early

Phew! Sunday morning panic over.

That's very interesting Pervymuskrat. I have three jobs, one which is part time all year which i started in july and two that are seasonal. Would that still work?

Should do, so long as you know what you've earned in each job for the full year (usually on your final payslip or P60 for the year if still employed at the end if the year)

You can then write a letter saying you've earned x in job a, y in job b, z in job c, giving a total of xxx.

I've done it in the past, along with a calculation of what I expect the tax to be , calculated as (total less personal allowance) x 20% if you're a basic rate taxpayer. I then compare this to the total tax I've paid and said I expect a refund of abc. I don't think you have to do the tax calc bit but I'm an accountant so like to double check their figures

Helps to include your NI no on all correspondence so they can cross reference to the PAYE records easily

I've done this a couple of time and got a refund in a month or so

One year I had 3 jobs and over paid tax as one job had tax code allocated and others used BR code. I think it was around May time, possibly later that HMRC wrote to me enclosing a cheque for the over payment.

So if the jobs were all done under PAYE, I would sit tight a while, see what happens. If come June you have not had anything, then contact your local tax office and explain that you think you have overpaid (by this stage you will have P60 from each job so can give total of gross earnings and deductions), they can then look into it.

Thanks very much. I'm looking forward to my cheque! It feels a bit like a savings scheme. I'm sure I would have frittered it away month on month.

Just so you're aware, the standard personal allowance for the year ending 5th April 2014 is £9,440 (not £10,000).

Thanks.

THe link you need is here
www.hmrc.gov.uk/incometax/overpaid-thro-job.htm#2

Many thanks.