H
Holger
Guest
Hi everybody,
I recently took an unpaid sabbatical from work to go and smell the roses. It started in September 2007 and I am due back in the office in March 2008. When the time off started I went to the tax office in the hope of getting some of my tax money back: Obviously my tax was calculated on a 12 month expected working year, when I effectively only worked and got paid for eight months.
The tax office told me to come back again in January as I was still officially employed by my company and hadn't left them. They advised that they would be able to help me once I have my year end tax papers from the office. I am not drawing dole or benefits and am just living on savings.
I mentioned this to a friend of mine the other day and he casually remarked that they would probably arrange tax credits. It then dawned on me that he was probably right. I am aware that in the long run it should not make a huge difference to my finances overall whether I get a one off tax refund now or have to pay less tax instead in the working months ahead, however, I really want to only use my savings when I really have to and had hoped that a lump some the equivalent of roughly four months (Sep-Dec) calculated tax payments could better help me over until the time that I am back getting paid through my wages.
That friend I spoke with recommended visiting your website and asking for advice. Can someone here help explain whether there is a possibility of getting a lump sum tax refund rather than a change in tax credits in my situation and how I would need to go about it?
Thanks
Holger
I recently took an unpaid sabbatical from work to go and smell the roses. It started in September 2007 and I am due back in the office in March 2008. When the time off started I went to the tax office in the hope of getting some of my tax money back: Obviously my tax was calculated on a 12 month expected working year, when I effectively only worked and got paid for eight months.
The tax office told me to come back again in January as I was still officially employed by my company and hadn't left them. They advised that they would be able to help me once I have my year end tax papers from the office. I am not drawing dole or benefits and am just living on savings.
I mentioned this to a friend of mine the other day and he casually remarked that they would probably arrange tax credits. It then dawned on me that he was probably right. I am aware that in the long run it should not make a huge difference to my finances overall whether I get a one off tax refund now or have to pay less tax instead in the working months ahead, however, I really want to only use my savings when I really have to and had hoped that a lump some the equivalent of roughly four months (Sep-Dec) calculated tax payments could better help me over until the time that I am back getting paid through my wages.
That friend I spoke with recommended visiting your website and asking for advice. Can someone here help explain whether there is a possibility of getting a lump sum tax refund rather than a change in tax credits in my situation and how I would need to go about it?
Thanks
Holger