Tax refund

[whowhatwerewhy]

Hi all , can you get a tax refund part way through the year after losing your job ?
DS has lost his job and will need to claim UC , he's applying for every job he can . But if this takes a while will he be entitled to a tax rebate? If so how does he get it ?

Best to call and speak to HMRC

He will be but probably not until April or until it’s confirmed and obvious that he has actually overpaid on tax.

Not as fair as I m aware but when he gets a new job and the tax code catches up it will get reflected there .

Tax year runs from April so you are looking at 5 months in currently - and universal credit counts as taxable income .

If he is a basic rate payer and claiming the single person over 25 rate , you are only looking at a rebate of
12500/12(-393.35)*0.2=129.66 a month

Yes he will call HMRC on Tuesday.
As it stands his earnings to date are under the yearly threshold.
I appreciate it will right itself in April or when he gets a new job , hopefully sooner than later.
Just looking into him claiming job seekers or UC , not sure if that will alert HMRC and he gets a rebate via benefits

If you go through the questions on the HMRC site it will advise whetber he can claim a refund
https://www.gov.uk/claim-tax-refund

@helleborus
Thank you for the link it has all the information i was looking for.

Yes, ring HMRC if you need it sorted soon.

I paid too much tax last year but decided to let it run and sort itself out (I was on a temp tax code after retiring early).
Kept an eye on my Gov Gateway account and from April-July it said the previous years tax was being calculated and then during July I had a message to say I had overpaid (the amount worked out to be almost exactly what I had calculated myself). Entered my bank details and received the refund the same week.👍

I found HMRC are very helpful and will adjust the tax mid year if circumstances change - it’s a long hold on the phone to them but worth the wait

Thanks all .
It's obviously come as a shock DS losing his job . He's applying for everything he can and has registered with some agencies.
Just looking into what benefits he's entitled to while he's between jobs and wondering about his tax , just trying to maximise his income while he's between jobs .

Yes, he absolutely can and HMRC are very helpful. If he does get another job this tax year, then he’ll be on a much steeper tax code to reflect any earlier refund, but it’s worth going if he needs the cash now and there are no immediate prospects.

He’ll need his P45 and then they’ll do the rest once he’s spoken to them. Money normally arrives within a couple of days.

I'd recommend he signs up with some temping agencies too, they can have him working within a week or so.

Universal credit does not count as taxable income

@steadywinner
He's registering with every agency he's found on the internet.
He's also contacted his old boss .

@Morph22010
Is he better claiming UC rather than job seekers?
It's all new to me as to what's taxable and what's not .