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TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15950
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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Both my husband and I have accepted voluntary redundancy. I

Resolved Question:

Both my husband and I have accepted voluntary redundancy. I stopped work on 29 April, he stopped on 6 June. We have left the UK and moved to Spain.
Should we just do the regular self assessment to claim back overpaid tax or do we need to do a P50? Thanks
Submitted: 3 years ago.
Category: Tax
Expert:  TonyTax replied 3 years ago.
Hi.

You could each complete a P50. Alternatively, you could each complete a P85 which is more appropriate for those who have left the UK. Either way, keep a copy of any forms and letters. Chase the tax office on the number here after four weeks and every two weeks thereafter.

I hope this helps but let me know if you have any further questions.
Customer: replied 3 years ago.

Thanks - I have also received a reminder to complete my self assessment (as my annual salary used to be above 100k). Should I mention the redundancy payment there as well? I don't think so as I received the payment on 7 May and the self assessment covers the period of 6 April 2013 - 5 April 2014.

Expert:  TonyTax replied 3 years ago.

The redundancy payment will not need to be disclosed in your 2013/14 tax return. You could make mention in the space for notes that you have left the UK and that you will be submitting a P50 or a P85 for 2014/15 so you will not need a tax return for 2014/15. Whether the tax office will take any notice is open is question but you can but try.

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