Mystery money

#2
it was out of my account !!can you return it please- a cheque made out to cash will do and i will pm you my address asap !!
 
#3
Don't know if it helps, but I got a 2011-2012 Tax Rebate in the post yesterday: maybe they go out in batches or all at the same time?

And it's the end of the Fiscal Year next week.
 
#6
Don't tax rebates come as cheques ( I had one for £14!) on the off chance people don't cash them in and the govt gets to keep the money?
Heh, that hadn't occurred to me. Seeing as how they've already kept it (in the form of a non-interest bearing loan from me) for getting on 2 years I'll be cashing this one in, just to spite them.

I'd figured I'd got a cheque 'cos they don't have any bank details for me, otherwise it would have been paid into the bank? Seem to recall being rebated thus when working for large outfits, although it was many moons ago.
 
#7
Don't know if it helps, but I got a 2011-2012 Tax Rebate in the post yesterday: maybe they go out in batches or all at the same time?

And it's the end of the Fiscal Year next week.
They normally try to do rebates April - August time, but they're pushed to hell at the minute due to cuts. CC - did you get the rebate in the post, or did you get a note saying the rebate would be paid in to your bank account? Might be the OP has it shoved in his bank and then the letter is to come.

Sometimes you are due a rebate, this is more likely when you change jobs around Jan - Mar and the new role either pays less, or if it pays more, then your P45 wasn't in to HMRC before you tax could refunded in to the March salary.

Laymans terms -
Mr A earns £20,000 per year and in the Jan he moves to another role. if -
a) He earns less (maybe to work his way up) then HMRC will take it that he is earning the same money as he has doen for the last 9 months. So if he earns £17,500, they will still tax him as if he earns £20,000. By the end of March (financial year end) he will be owed some tax back becasue he paid too much.

b) Mr A now earns £24,000 per year. However, he started on the 1st Jan, he got his P45 from the old company at the end of of Feb. He gave it to his new bosses, but as he gets paid on the 17th of the month, the P45 wasn't in time to hit the March pay date. On the 17th April, he will get his salary at his tax code. but for Jan - Mar he will pay basic rate. (BR on payslip). Because of the end of the financial year, MHRC cannot pay he tax they owe him for say 2011 - 2012 in April 2012, as it's different years. So he is due a rebate. This would usually come around August, but hey, if they can keep it longer to gain interest on it and save paying it out they will. They will usually pay rebates out in batches (how many people I don't know).

So if Camberwell has had a rebate as well, I guess you have. I have had a rebate once, but it was in 2 different letters (actually when I left the army) I got the first letter and they'd already put the money in my bank, the next day another rebate came and that was in 5 days later. You'd think they could have doen them together, but no!!!

Anyway - if it's a rebate - enjoy!

Edited to add: I don't know how it works with Afghanistan, but if you spend 7 months or more out of the country in any one FINANCIAL YEAR, then you don't pay tax for that whole year. Is there a chance a Oct - April tour has meant you get a rebate? a £800 rebate is from around £4,000 or earnings.
 
#8
They normally try to do rebates April - August time, but they're pushed to hell at the minute due to cuts. CC - did you get the rebate in the post, or did you get a note saying the rebate would be paid in to your bank account? Might be the OP has it shoved in his bank and then the letter is to come.
It came in the post, also (separately) in the post was the letter explaining the whys and wherefores.

Come at a very handy time. Ahm goin' git me a Whippet. An' a Porsche.
 

oldbaldy

LE
Moderator
#9
Don't tax rebates come as cheques ( I had one for £14!) on the off chance people don't cash them in and the govt gets to keep the money?
Not necessarily, when you complete a tax return it asks for any bank account you want any rebate paid into.
 
#10
Better to go and see your clerk and find out it was a rebate, than to just spend it and find out afterwards it was paid in error.
 
#12
#13

Legs

ADC
Book Reviewer
#17
Many moons ago I had something like that. A large amount of cash paid into a bank account. It turned out that it belonged to someone else and had been paid into my account in error. It was recovered a few weeks later.
 
#18
Phoned hmrc and its not a tax rebate. More confused then ever now.
In that case don't spend the fecker! Find out if it genuinely yours or you will be building up a whole lot of grief. Your bank account should detail wh paid it in, check with them.
 
#19
#20
Why rush? This could take some time to sort itself out if left to it's own devices. So, here's a suggestion. Buy premium bonds with the whole £800 and then forget about it. If a win comes your way then all well and good. If you have to pay the money back then simply cash them in and pay the money back. Who knows you could still come out on top, without being out of pocket.

Top idea what?
 

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