New R40 form available for claiming a repayment of tax

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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.

Further information:

R40 Caim for repayment of tax deducted from savings and investments

Tags: New R40 form, Recent Payroll News

This entry was posted on Monday, April 11th, 2011 at 10:55 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.