Hello, I stopped working in around July last year and had around 1312 of taxes overpaid. I did a tax refund through hmrc around month or two ago of this amount. Two weeks ago I also started working, and yesterday got my first salary which included this amount as well. So I got 1312 twice. What should i do? I am thinking to not tell anybody about it, just wait if they see it themselves and come back, then I will return money, if not I will keep it. How smart and safe is it to do it like I am planning? Thanks for you advices.
Is this a wind up post?!!!! Be honest, own up or pay the penalties and fines when they catch up with you!!!!
This is a site for professional bookkeepers and Accountants.
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Did you fill out a starter declaration when you started your new job? If so, you've ticked the wrong box.
How smart and safe is it to keep quiet? Not very smart or safe at all. HMRC WILL pick it up, believe me.
As a general rule here Joanne, what would you do if you were the OP? Inform the wages clerk that you should have been on a week 1/month 1 basis, or phone HMRC and advise them of the mistake, and let them correct it through the tax code. My first thought was the former, but thinking about it maybe the latter?
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John
Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
As a general rule here Joanne, what would you do if you were the OP? Inform the wages clerk that you should have been on a week 1/month 1 basis, or phone HMRC and advise them of the mistake, and let them correct it through the tax code. My first thought was the former, but thinking about it maybe the latter?
HMRC, probably.
Was thinking - this could just be another spam post! (usual obvious things showing, just currently missing the rubbish dump which might come later!)
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
