Hi guys, I've just recieved my end of year P60, and have worked out that I'm owed a little bit of a tax rebate. I think i've taken everything into account in my sums, but i'd gratefully recieve any corrections/advice.
Pay: 22470.59 PAYE Tax deducted: 3763.15 Code: 474L
So,
22470.59 - 4740 (tax free allowence) - 2020 (lower band allowence, to be factored back in later) = 15710.59(15710.59/100) x 22 = 3456.33
(2020/100) x 10 = 202
3456.33 + 202 = £3658.33I actually paid £3763.15, so i'm owed £104.82 (not a huge ammount, but worth claiming for if its correct).
Any comments?