I love the Taxman

Quite convincing, but I am sure that the real Inland Revenue would sent physical mail in this situation, or for pretty much any communication!
 
For people who are employed with no benefits or unclaimed expenses etc. it should be very straightforward and if your payroll department do their job properly then your tax deduction should be spot on.

The problem comes if people have benefits where the value changes each year or HMRC don't update your tax code correctly, or your payroll department don't use the correct tax code as advised by HMRC.

Or if you're self employed, you may be due a 'balancing refund' rather than payment.

However, that said, HMRC issued A LOT of incorrect tax codes during January for the 10/11 tax year! So they have failed... again.

Ahh right, cheers pal :)
 
Aside from the fact that this is bait, why do you have to actually get your tax back? Why can't they just NOT take it? :s

Well they do make mistakes and so can you making payments in advance or after a self assessment submission.
 
Tax annoys me. Just started full time work after finishing Uni. Obviously I'm well under my personal allowance. Infact, so far under it I'm probaby only going to go over it by a grand by the end of the tax year. So I'll pay hardly any tax, right? About 200 quid?

Wrong. They'll tax me every month as if I'd earnt the same every month since the beginning of the tax year, and then I have to reclaim it back after the tax year.

Why?
 
A dmpoole tax story -

Back in the mid 90's I received a letter from the Tax saying I had received money and not declared it and I basically went white.
A couple of hours later I rang them and a horrible woman verbally probed me about activities and I admitted to receiving money for my music but it was never enough to pay for my gear.
She said 'We will be the judge of that' :eek:
I went gray overnight because I have got a very long history of playing in bands and I didn't know what they had got on me.
I eventually had all my long hair off because it worried me that much I got psoriasis of the scalp.

Anyway, they helped me all the way with my tax returns and accepted what I had submitted but I wasn't happy paying the amount I owed which wasn't actually that much.
I sent the cheque and a few days later had a phone call saying I had omitted to tick a section and if I did I would get £1000 back :)
About a week later he rang again saying that I hadn't ticked another section and I would get £1200 back :)
Another week later he rang and said that I had been paying the wrong tax code at work for the last 8 years and to go and see the wages office - that was another £550 back :)

It is important to know that I had paid too much over the years and the money I had back was actually mine but it was a really nice surprise.
 
Simple rule, never act from emails directly, any notifications like that, ring up or go to the actual website and check... Simples :)

ags
 
[TW]Fox;15907710 said:
Tax annoys me. Just started full time work after finishing Uni. Obviously I'm well under my personal allowance. Infact, so far under it I'm probaby only going to go over it by a grand by the end of the tax year. So I'll pay hardly any tax, right? About 200 quid?

Wrong. They'll tax me every month as if I'd earnt the same every month since the beginning of the tax year, and then I have to reclaim it back after the tax year.

Why?

You must be on a Month 1 (M1) or Week 1 (W1) tax code, eg. '647L M1' on your payslip. Ask your payroll department or HMRC to change it so you get taxed on a cumulative basis rather than W1 or M1. Then you should get the refund through your next salary payment.
 
You must be on a Month 1 (M1) or Week 1 (W1) tax code, eg. '647L M1' on your payslip. Ask your payroll department or HMRC to change it so you get taxed on a cumulative basis rather than W1 or M1. Then you should get the refund through your next salary payment.

I am actually on a Basic Rate taxcode at the moment (That was great) but I've sent my P45 to Payroll last week.

Will they put me on a cumulative code or an M1 tax code? My previous tax code was 647L iirc.
 
Why do people insist on posting their spam/scam emails here all the time?

I apologise but from some of the replies some didn't spot it so hopefully it may have saved somebody.
Every time I see something like this I do pass it on to my family and work colleagues and this is one I haven't seen before.
Being Nigerian you would think I'd seen all of them.
 
It just goes to show that already in this thread some people didn't spot it.
Very scary.

No that's because they've red the title quickly glanced at the letter to see the amount and carried on under the assumption you had requested the emai letc.


Not having it just randomly turn up in your in box.
 
I think the government should run scams like this - its about time stupidity became a taxable commodity. It could help reduce taxes in other areas :D
 
[TW]Fox;15907782 said:
I am actually on a Basic Rate taxcode at the moment (That was great) but I've sent my P45 to Payroll last week.

Will they put me on a cumulative code or an M1 tax code? My previous tax code was 647L iirc.

When your P45 has been processed your tax should be calculated cumulatively (using the 647L tax code) I think, rather than M1.
 
When your P45 has been processed your tax should be calculated cumulatively (using the 647L tax code) I think, rather than M1.

Thats pretty handy - so for the last 2 months of the tax year my pay after deductions will be higher than it will be next year?
 
[TW]Fox;15907870 said:
Thats pretty handy - so for the last 2 months of the tax year my pay after deductions will be higher than it will be next year?

Yep, it might be worth speaking with your payroll department as well to make sure that's what they're doing now they have your P45.

What they should do is look at your total pay from your P45 and your new job, calculate the tax based on the total of both jobs and deduct tax you've already paid from both jobs. If that comes out as a minus figure they should add it to your pay, if it's positive they'll deduct it.
 
[TW]Fox;15907841 said:
I think the government should run scams like this - its about time stupidity became a taxable commodity. It could help reduce taxes in other areas :D

They already do - it's called the National Lottery.
 
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