Hi guys this is my first post and its one about my pay slip for last week.
In deductions under tax paid it says -468 pounds. Ive worked out the total deductions and payments and it all adds up right so im curious as to why ive been paid that amount extra. Ive recently had my hours lowered from 28 to 25 as i was on a three month contract which was up in early february. Any ideas?
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Pay slip question
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fishtank
- Posts: 19732
- Joined: 28 Sep 2007, 17:22
- Gender: Male
Re: Pay slip question
It's a tax refund.
If you started work part way through the tax year you have been paying tax on the presumption that you have been working and earning that amount for the full year.
If you started work part way through the tax year you have been paying tax on the presumption that you have been working and earning that amount for the full year.
good times, bad times you know I've had my share
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steevo
- Posts: 9
- Joined: 02 Mar 2013, 12:29
- Gender: Male
Re: Pay slip question
I thought a tax refund would come from the hmrc? So its nothing to worry about then and i wont need to chase it up?
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fishtank
- Posts: 19732
- Joined: 28 Sep 2007, 17:22
- Gender: Male
Re: Pay slip question
steevo wrote:I thought a tax refund would come from the hmrc? So its nothing to worry about then and i wont need to chase it up?
https://www.gov.uk/claim-tax-refund/overview" onclick="window.open(this.href);return false;
Overview
If you think you’ve paid too much tax, how you claim a refund depends on your circumstances.
Sometimes HM Revenue & Customs will send you a refund straight away.
But if you’ve overpaid tax and started a new job, they’ll usually ask your employer to pay it back to you.
If you’ve paid too much tax on a pension, your pension provider may pay back the tax to you.
Enjoy.
good times, bad times you know I've had my share
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steevo
- Posts: 9
- Joined: 02 Mar 2013, 12:29
- Gender: Male
Re: Pay slip question
Thats great, thanks for the quick reply, now i can stop worrying about paying it back now.
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maisymoo04
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- Gender: Male
- Location: You dont want to no
Re: Pay slip question
Stevia lends £50 matesteevo wrote:Thats great, thanks for the quick reply, now i can stop worrying about paying it back now.
"Some day I will have the bottle to take the money"
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maisymoo04
- Posts: 2226
- Joined: 07 Apr 2010, 17:11
- Gender: Male
- Location: You dont want to no