| Tax Advice - Savings Income? 14:04 - Jun 30 with 687 views | SouperJim |
Wondered if any of the very knowledgeable folk on here might be able to help me.
HMRC have just sent me a lovely p800 refund letter, happy days. However, in the breakdown under income, aside from my wages from my employer, I have a line for "Savings Income" showing I have paid a few hundred pounds tax here.
I've had a bit of a google, and I can't work out what this relates to. I have no savings and as far as I'm concerned, my only taxable source of income is my wages.
Anybody have any idea what this might relate to, or how I would go about finding out? |  |
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| Short answer..... on 14:14 - Jun 30 with 629 views | Bloots |
....it's an error and you should go back to HMRC ask them why and get it corrected (assuming you have no savings)
Longer answer, it could apply to savings held by dependants. Under settlement legislation income of over £100 is taxable on the parent. |  |
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| Tax Advice - Savings Income? on 14:15 - Jun 30 with 626 views | bluelagos |
Nothing stopping you contacting the HMRC to ask.
If you do - get their number off the web - rather than the letter (just in case it is a scam)
BL |  |
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| Tax Advice - Savings Income? on 14:17 - Jun 30 with 615 views | BlueBlueBluex2 |
As above, give them a call and ask. Very helpful indeed and sorted a recent issue for me where I was paying for two company cars instead of just one in no time at all. |  | | |
| Tax Advice - Savings Income? on 14:25 - Jun 30 with 592 views | SouperJim |
| Tax Advice - Savings Income? on 14:15 - Jun 30 by bluelagos |
Nothing stopping you contacting the HMRC to ask.
If you do - get their number off the web - rather than the letter (just in case it is a scam)
BL |
It's deffo legit, but good point.
After doing some more digging I think this may relate to a PPI payout. The amount quoted on the p800 is actually out by 12p compared to the figure I have from the payout, but I can't think of anything else it could relate to and the figures are too close to be a coincidence.
Apparently I can fill out an R40 and claim this back too. I thought I had already done this, but I can't recall actually getting a refund, I'm wondering if you can't claim it back until after the end of the tax year? Or maybe I've just forgotten... but I wouldn't expect it to show on my p800 if I had already claimed it back. | |
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