[Finance] Boring but quick HMRC question..

[The Clamp]

Hello.

Switched from working for two organisations to one organisation two months ago.

Been on a 661T tax code so basically paying double tax.

Spoke to HMRC just now. They changed my code. So should be fine now.

However, I forgot to ask how the rebate I’m due is paid. I’ve heard it should go into your next appropriate pay. Or do you have to request the rebate?

I was on hold for 50 mins this morning. Don’t fancy that again for one question.

Anyone on here know how it’s done now?

Cheers
TC

 

[Commander]

Hello.

Switched from working for two organisations to one organisation two months ago.

Been on a 661T tax code so basically paying double tax.

Spoke to HMRC just now. They changed my code. So should be fine now.

However, I forgot to ask how the rebate I’m due is paid. I’ve heard it should go into your next appropriate pay. Or do you have to request the rebate?

I was on hold for 50 mins this morning. Don’t fancy that again for one question.

Anyone on here know how it’s done now?

Cheers
TC

It should go into your next one, but not necessarily. HMRC seem to operate in one massive grey area. I think it genuinely depends on who you speak to there.

 

[Bry Nylon]

If they have changed your tax code the rebate should automatically appear in your next salary

EDIT
A quicker solution than contacting HMRC is to check with whoever sorts of salary payments at your employer. They should be able to tell you.

 

[East Staffs Gull]

Depends whether your new code is cumulative or W1/M1. The former will automatically generate a rebate, but the latter won’t. The rebate will be in the form of a reduction in tax in your next pay.

 

[armchairclubber]

Yep the 661 appllies to your annual freepay before tax (so was 6610 in your case)
This may increase to the full allowance if now only one job instead of being split between two?
You'll now be nine months into the tax year in December so entitled to 9/12ths of that to date.
So long as your new Tax code doesn't place you on emergency tax you should be refunded any overpaid tax to date on next payslip
IF your tax code on your payslip contains 'W1', 'M1', or 'X,' that means you're on an emergency tax rate.

 

[The Antikythera Mechanism]

I received a tax rebate last year. I was told that it would be credited to my account, but they sent a cheque instead. Do people still use cheques?

 

[armchairclubber]

But I should add that I'm not sure you will have been overpaying tax. Not if your tax code was split between the 2 jobs. You may well not be due a refund as such, just an update to code your for the rest of the year
If you've had simliar "freepay" codes in both jobs I'm afraid your tax to date is probably correct.

 

[Simster]

It should go into your next one, but not necessarily. HMRC seem to operate in one massive grey area. I think it genuinely depends on who you speak to there.

This. It can be done a number of ways: deducted from tax paid in your next pay slip, deducted pro rate from tax due between now and March, or even a lump sum paid into your account.

If you want it done in a non-arbitrary way, you need to phone them.

 

[The Clamp]

Thanks all. Very helpful, as usual.

 

[Weststander]

It will appear with your next net pay, if not the one after.

Imho PAYE stills works really well.

 

[The Clamp]

But I should add that I'm not sure you will have been overpaying tax. Not if your tax code was split between the 2 jobs. You may well not be due a refund as such, just an update to code your for the rest of the year
If you've had simliar "freepay" codes in both jobs I'm afraid your tax to date is probably correct.

No problem. Just looking to get myself on the correct code.

It was only if I were owed money, how it would be paid back.

Cheers

 

[Bodian]

I received a tax rebate last year. I was told that it would be credited to my account, but they sent a cheque instead. Do people still use cheques?

My Auntie always sends me a cheque for Christmas/Birthdays. Not sure I remember how to pay it in though - all the banks in my town have closed!

 

[Si Gull]

My Auntie always sends me a cheque for Christmas/Birthdays. Not sure I remember how to pay it in though - all the banks in my town have closed!

You should be able to pay them in using your bank's App. You just take photos of the front and back of the cheque and there it is, credited to your account (pending clearance, obvs).

 

[Herr Tubthumper]

I’m still waiting for a self-assessment overpayment from 2020/2021. ****s.

 

[Westdene Seagull]

Hello.

Switched from working for two organisations to one organisation two months ago.

Been on a 661T tax code so basically paying double tax.

Spoke to HMRC just now. They changed my code. So should be fine now.

However, I forgot to ask how the rebate I’m due is paid. I’ve heard it should go into your next appropriate pay. Or do you have to request the rebate?

I was on hold for 50 mins this morning. Don’t fancy that again for one question.

Anyone on here know how it’s done now?

Cheers
TC

In my experience any tax owed to you comes back quite randomly. Sometimes I've had it all in my next pay packet, sometimes split across pay packets, sometimes via pay packet and a random cheque from HMRC and sometimes via a letter at the end of the tax year encouraging me to apply online or they'll send a cheque if they don't hear from me.

Don't you just love a steamlined process saving the taxpayer time and money !

 

[Westdene Seagull]

You should be able to pay them in using your bank's App. You just take photos of the front and back of the cheque and there it is, credited to your account (pending clearance, obvs).

Depends how much his Auntie sends him !

 

[Bodian]

You should be able to pay them in using your bank's App. You just take photos of the front and back of the cheque and there it is, credited to your account (pending clearance, obvs).

Really - I didn't know that!

 

[Bodian]

Depends how much his Auntie sends him !

Basically covers my Albion+ membership - so I treat it as a 'free-thing'.

 

[Shropshire Seagull]

I’m still waiting for a self-assessment overpayment from 2020/2021. ****s.

I've been doing SA for 25+ years and invariably my income tax is overpaid and they owe me a refund. It used to be the case that you put your bank details on the SA for where any refund is to be sent. In the last 2 years they have reverted to sending cheques. One last thought, are you sure they've not "returned it" via a Tax Code adjustment? Unusual for a credit but if they have, you can demand the full lump sum.

 

[Cheshire Cat]

I was told I had underpaid tax on savings interest since rates began to rise (everything else is PAYE), so they are deducting it via my tax code over the year from next April.

Damn them.