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Posted Wed, 20 Nov 2024 12:45:30 GMT by Torsten Hermes
Hi HMRC team, I have recently been made redundant and I think I have paid too much income tax on the payments I have received by my company. I'm already submitting an annual self assessment. Can I still claim the tax refund via a P50 form or shall I wait until my self assessment? Thanks hermest
Posted Mon, 25 Nov 2024 23:49:07 GMT by HMRC Admin 18 Response
Hi, If you were made redundant in 23/24, you should receive your repayment when you file your 23/24 tax return. If it was in 24/25, you can use the P50 form, though some exceptions may apply - read more here:
Claim back Income Tax when you've stopped working (P50)
If you do receive a refund via the P50, please remember to declare this refunded amount in your 24/25 tax return.
Thank you.

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