Overpaid tax

Peaches

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I spent the summer working for a small company. Because I worked variable part-time hours depending on the work available, I recorded my hours and reported at the end of each month. There was some confusion one month and I was actually paid early; this meant I received two months salary within the same month and so my second payment was hit with deductions which were calculated as if the two combined were representative of my monthly salary, every month of the year. The overpaid tax comes to around £400. I know this should be remedied after the end of the tax year - but that's a long time for £400 to be sitting in a pocket that isn't mine (!). Does anybody know if it's possible to apply for early rebate in this situation given how long I could otherwise be waiting? I'll obviously try calling HMRC but any advise in the meantime would be helpful. I've had a look online but can only find info in relation to year end. I guess that might be the only option but it's very frustrating if so. I'm actually having to temporarily (for 3 months) relocate for my next job in a few weeks which means paying out an initial accommodation deposit on top of usual outgoings, and it's unfortunately quite likely I won't get my first months for the new job pay until late Jan, so this money could really be pretty useful to me in the next few months ha.


Cheers!
 

Jon

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Hmm not sure on this one. Have you tried speaking to the HR / Payroll team where you work?
 

Wibble

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Just had a look at


If you are claiming for a previous job, if your not going to be working in the next 4 weeks, and are not claiming
  • Jobseeker’s Allowance
  • Employment and Support Allowance
  • Carer’s Allowance
  • Incapacity Benefit, if you’ve been getting it for more than 28 weeks
there is a form that I've never heard of before to fill in to claim - a P50.



Just to confuse things if you've been paid 2 months pay in 1 month then there is also a chance that you have overpaid NI as well.... As far as I am aware the only way of reclaiming this is by detailing the overpayment in writing to HMRC.
 

Peaches

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Just had a look at


If you are claiming for a previous job, if your not going to be working in the next 4 weeks, and are not claiming
  • Jobseeker’s Allowance
  • Employment and Support Allowance
  • Carer’s Allowance
  • Incapacity Benefit, if you’ve been getting it for more than 28 weeks
there is a form that I've never heard of before to fill in to claim - a P50.



Just to confuse things if you've been paid 2 months pay in 1 month then there is also a chance that you have overpaid NI as well.... As far as I am aware the only way of reclaiming this is by detailing the overpayment in writing to HMRC.
I did overpay NI too yes but we settled that. Also student loan but I’m just swallowing that as it is no bad thing in the long term. Thanks, that’s great I’ll look into those forms! This was in September.

thanks both!
 

Peaches

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Hmm not sure on this one. Have you tried speaking to the HR / Payroll team where you work?
It’s a small company, HR is just the boss ha. Tax apparently just had to be handled by HMRC.

Mistakes happen. Just bad timing!
 

Peaches

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Hmmm, reading the P50 and (as you mentioned, Wibble) it's not to be used if you;re starting work in the next 4 weeks (which I am). However the thing I note attached is that:

hand form P45 Part 2 and 3 (a P45 is the form given to you when you finish a job) to your new employer - they will make any repayment due to you through your salary
I guess that means I'll have future tax deducted from subsequent pay checks or something. I think I'll definitely call and check this situation out though!
 

Wibble

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I guess that means I'll have future tax deducted from subsequent pay checks or something. I think I'll definitely call and check this situation out though!
Depends on your tax code - from what you've written it sounds like your on a M1 tax code - if so you won't get a refund through your next employer / payslip - you'll have to speak to HMRC and get the tax code amended back to an L code.
 
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Peaches

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Depends on your tax code - from what you've written it sounds like your on a M1 tax code - if so you won't get a refund through your next employer / payslip - you'll have to speak to HMRC and get the tax code amended back to an L code.
Yea I'm not sure what's going on with my tax code - according to my P45, and all my payslips, it was L throughout. However my gov account says LX (non-cumulative). Who knows!
 

Queen Jess

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Best just to ring HMRC to get it sorted out. Wasn't too bad when I did it. My situation was because I left a job and then started another one, but for some reason they didn't pay me for 6 weeks and I got all 6 weeks pay in one month. My tax code was then decided based on that being the norm... I rang up, which took a while to get through, but they sorted it out in about 30s.
 
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Queen Jess

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Sorry - also I think if they sort out your tax code you will automatically get the £400 back (all be it an equal portion over the remainder of the financial year).
 

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