SV650.org - SV650 & Gladius 650 Forum



Idle Banter For non SV and non bike related chat (and the odd bit of humour - but if any post isn't suitable it'll get deleted real quick).
There's also a "U" rating so please respect this. Newbies can also say "hello" here too.

Reply
 
Thread Tools
Old 14-05-07, 04:04 PM   #11
Davies
Guest
 
Posts: n/a
Default Re: got a tax rebate

Erm, I don't usually check these things but after reading this thread.....


.....I've just found out that I've been on the emergency tax code 522L (previouly 503L) for the past 6 years!!!!! Now, does this mean I'm entitled to a rebate and should contact them, or should I stay quiet

BTW, congrats kitkat!!!
  Reply With Quote
Old 14-05-07, 04:16 PM   #12
Baph
Guest
 
Posts: n/a
Default Re: got a tax rebate

Quote:
Originally Posted by svstreetfighter View Post
Erm, I don't usually check these things but after reading this thread.....


.....I've just found out that I've been on the emergency tax code 522L (previouly 503L) for the past 6 years!!!!! Now, does this mean I'm entitled to a rebate and should contact them, or should I stay quiet

BTW, congrats kitkat!!!
This depends on how much tax you've been paying, and how much you earn.

I'm currently on 503L and paying £161.11.

Knowingly paying too little tax counts as tax evasion, and brings VERY serious penalties. So, no comment.

From conversations I had with you down in London, I reckon you'd fall into Basic Rate tax (under £33k pa), which works out at roughly 22% of your gross pay. Work it out if you like. If you're paying more, complain, if you're not, well, the choice is yours

Last edited by Baph; 14-05-07 at 04:19 PM.
  Reply With Quote
Old 14-05-07, 04:20 PM   #13
Luckypants
Moderator
Mega Poster
 
Luckypants's Avatar
 
Join Date: Jul 2003
Location: Nr Ruthin
Posts: 7,079
Default Re: got a tax rebate

Quote:
Originally Posted by svstreetfighter View Post
.....I've just found out that I've been on the emergency tax code 522L (previouly 503L) for the past 6 years!!!!! Now, does this mean I'm entitled to a rebate and should contact them, or should I stay quiet
Kidding right?
__________________
"Your Viffer sounds like it is raising hell! Spot on." - Witchery 17/4/08
Snow Plough Appreciation Society - Member #3

Luckypants is offline   Reply With Quote
Old 14-05-07, 05:11 PM   #14
Moffatt666
Guest
 
Posts: n/a
Default Re: got a tax rebate

I'm still waiting for a tax claim I filed in Jan. Bloody eejits.
  Reply With Quote
Old 14-05-07, 05:36 PM   #15
kitkat
Guest
 
Posts: n/a
Default Re: got a tax rebate

Quote:
Originally Posted by Baph View Post
This depends on how much tax you've been paying, and how much you earn.

I'm currently on 503L and paying £161.11.

Knowingly paying too little tax counts as tax evasion, and brings VERY serious penalties. So, no comment.

From conversations I had with you down in London, I reckon you'd fall into Basic Rate tax (under £33k pa), which works out at roughly 22% of your gross pay. Work it out if you like. If you're paying more, complain, if you're not, well, the choice is yours
well going by what everyone else at work pays who are on similar wages to me, I have been over paying my tax by £150 per month for 3 years, it better be thousands back
  Reply With Quote
Old 14-05-07, 05:54 PM   #16
lynw
Guest
 
Posts: n/a
Default Re: got a tax rebate

Quote:
Originally Posted by kitkat View Post
well going by what everyone else at work pays who are on similar wages to me, I have been over paying my tax by £150 per month for 3 years, it better be thousands back
Should be. £150 x 36 = £5400

Quote:
Originally Posted by svstreetfighter View Post
Erm, I don't usually check these things but after reading this thread.....


.....I've just found out that I've been on the emergency tax code 522L (previouly 503L) for the past 6 years!!!!! Now, does this mean I'm entitled to a rebate and should contact them, or should I stay quiet

BTW, congrats kitkat!!!
Sounds like youre on a normal tax code which has been adjusted for some taxable benefits you receive. Nice try
  Reply With Quote
Old 14-05-07, 05:59 PM   #17
kitkat
Guest
 
Posts: n/a
Default Re: got a tax rebate

quick question, do you get taxed on tax rebates?
  Reply With Quote
Old 14-05-07, 06:12 PM   #18
weazelz
Guest
 
Posts: n/a
Default Re: got a tax rebate

Quote:
Originally Posted by kitkat View Post
quick question, do you get taxed on tax rebates?
no. it's overpayment being returned to you, not taxable income
  Reply With Quote
Old 14-05-07, 06:31 PM   #19
CoolGirl
Guest
 
Posts: n/a
Default Re: got a tax rebate

Good for you! It's happened to me before, and it's a nice surprise when it happens.

Unfortunately they don't pay you any interest or compensation. If, on the other hand, you were to owe them money, even for a day.....

Fortunately, I have in my posession a letter a saying that, as long as my circumstances don't change, they will never trouble me again!
  Reply With Quote
Old 14-05-07, 09:23 PM   #20
Stig
Guest
 
Posts: n/a
Default Re: got a tax rebate

Wow, that is fantastic news. I am so happy for you. Not suprised about the over charging of tax though. But so chuffed for you that the bike does not have to go.

Does that mean that we will also see you at AE07
  Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 10:27 AM.


Powered by vBulletin® - Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.