G guerngirl Registered User Messages 107 5 Jul 2021 #1 If you take a month off from work during a tax year, do you need to wait until the end of the year to claim any overpayment in tax back?
If you take a month off from work during a tax year, do you need to wait until the end of the year to claim any overpayment in tax back?
M moneymakeover Registered User Messages 900 5 Jul 2021 #2 If for example you took February off Then in March you ring revenue and say, "update my allowances/standard rate cut off point" They should be able to adjust it then
If for example you took February off Then in March you ring revenue and say, "update my allowances/standard rate cut off point" They should be able to adjust it then
G guerngirl Registered User Messages 107 5 Jul 2021 #3 moneymakeover said: If for example you took February off Then in March you ring revenue and say, "update my allowances/standard rate cut off point" They should be able to adjust it then Click to expand... Thank you
moneymakeover said: If for example you took February off Then in March you ring revenue and say, "update my allowances/standard rate cut off point" They should be able to adjust it then Click to expand... Thank you
P Protocol Registered User Messages 4,304 5 Jul 2021 #4 As PAYE is cumulative, assuming you stay with the same employer, you do nothing. The unused tax credits and SRCOP from the month off work, will accumulate, and you use them in the next month.
As PAYE is cumulative, assuming you stay with the same employer, you do nothing. The unused tax credits and SRCOP from the month off work, will accumulate, and you use them in the next month.