By: articleguy When you are under employment you can end up paying greater taxes than owed especially if you change jobs regularly or have more than one job at any specific time. If you have reason to think that you have been requested to pay excessive wages tax you have the ability to request for a reimbursement. WHY CAN YOU PAY EXCESSIVE TAX DURING WORK? You would have paid excessive tax if: 1. you were studying and working at holiday times and failed to fill in form P38S Student Employees 2. your company was submitting the inappropriate tax code 3. your employment lasted on a temporary basis 4. you had more than one employer at any specific time 5. you terminated working and were not earning taxable salary or benefits for the remaining part of the year 6. your situation altered - for instance you changed from a full time job to a part time job or worked as a self employed worker 7. other wages you have seen that were subject to tax using your tax code, for example reserves and further income earned, has declined from when you last informed the income tax department about it - which suggests the resultant earnings shown for the tax code is higher than the actual figure 8. you were employed at a new job that meant that you were given a substitute tax code assignment until you were assigned the right code PAYE (Pay As You Earn) and tax codes Your tax code is specified by your Tax Office and is given according with the financial information on file about your wages and income and your eligibility to allowances. It is given on your PAYE Coding Notice (it is ordinarily sent out to you before the start of the tax year and it can also be dispatched to you at other times if your situation has altered). Not everyone will receive a notice of this type but you can get your notice code on the P45 or on your wage slip. It notifies your companys wages department how much tax to deduct on your income before getting paid. Paying income tax this way is normally known as PAYE. If you are managing a number of jobs or you work for a company and also get a pension you may have more than one salary tax code. GETTING BACK SELF ASSESSMENT TAX THAT IS OVERPAID If you somehow feel that you are charged higher income tax on your wages under Self Assessment refer to the income tax office guide to see how to reclaim your tax. If the tax office owes you tax back you will be given tax repayment either by sending it in your Self Assessment account to set against future tax bills or by bank transmission or a check sent straight to you in the post TAX REFUND FOR PAYE OVERPAYMENTS - PREVIOUS YEARS Get a letter sent to your Tax Department and include any relevant official papers related to your wages during the tax year for which you are claiming, such as: 1. the data about your working history and any information about benefits 2. P60 Your tax officer will look into your doubts, to see what is outstanding to you and send over to you a rebate. TAX REFUND FOR PAYE OVERPAID TAX - IN THIS YEAR How you claim back your tax the present year will be based on your circumstances. There is a number of tax rebate service providers who undertake cases just in this field to specifically getting a financial tax refund. RECLAIM WHEN EMPLOYED Inform your companys local government tax office why you have reason to believe that you have paid out higher income tax than you owed. They may at present have all they need for any tax rebate. If you have become redundant or are retired from work follow the tax office manual to find out how to get your tax compensation.
