New R40 form available for claiming a repayment of taxMonday, April 11th, 2011
Individuals can use this form for reporting their income from all sources for 2010/11 and earlier years and make a claim to a tax repayment.
Form R40 is an informal “self-assessment” return, allowing individuals with taxable income from a variety of sources to report the details and ask HMRC to determine their tax liabilities. It is a useful form for employees who have had earnings from two or more employers and believe that they have overpaid tax. A full set of guidance notes is also available.