Form P85: Claim Tax Refund & Use Leaving the UK Calculator

What is the P85 Form?

For people who are leaving the UK and want a tax refund, Form P85 is a necessary document. You might be eligible for a refund if you paid UK taxes but are relocating overseas. HMRC uses the P85 form UK to assess whether you qualify for a tax refund. Additionally, it informs them of your altered residency status.

A P85 HMRC form is frequently overlooked, which results in an overpayment of taxes. How to fill out, submit, and monitor your P85 form online is explained in this guide. We also go over the consequences of not submitting the P85 leaving the UK Calculator form. 

How Do I Submit the P85 HMRC Form?

You must first download the P85 form UK from the HMRC website to submit it. When departing the UK, people use the P85 form to notify HMRC of their residency status or to request a tax refund. Form P85 HMRC can be completed online or by mailing a completed P85 form PDF to the relevant tax office. Depending on your situation, including any overpaid taxes from employment or pension income, HMRC will process your refund if you are eligible.

Provide accurate information regarding your departure date, future residence, and sources of income on the P85 from HMRC. Attach your P85 form PDF, if applicable, to your P45 or final payslip. A Government Gateway account is necessary for online submissions, and non-residents should mail their submissions to HMRC’s address. The majority of applications take a few weeks to process, though this varies. HMRC may get in touch with you for clarification if more information is required before determining your tax status.

What information is required for P85 form submission?

Individuals must supply pertinent information regarding their residency status and reason for leaving the UK to submit a P85 form. This contains private data like full name, date of birth, National Insurance number, and UK address before departure. They also need to indicate when they plan to leave, where they are relocating, and how long they plan to stay overseas. They must include their P45 form (Parts 2 and 3) from their previous UK employer if they were employed. Details of any UK pensions received must be disclosed by pensioners. People must reveal the sources of their untaxed income, such as rental income.

To determine possible tax liabilities or refunds, financial information is also necessary. Following their departure, applicants are required to disclose any UK bank accounts, investments, and earnings. They must submit their UK tax code, employer or pension provider information, and sources of income for the tax year to be eligible for a tax refund. They should also specify whether their ownership of real estate or other UK-based income will continue to subject them to UK tax. Giving accurate and comprehensive information guarantees efficient processing and prevents needless hold-ups in tax reimbursements.

What is the deadline for submitting the P85 form?

The HMRC P85 form can be submitted at any time, although it is advisable to do so as soon as possible after departing the UK. There may be issues getting your refund if there are delays.

Your P85 form will be processed by HMRC in six weeks if you submit it online. Submissions of papers take longer. 

How Does the P85 Leave the UK Calculator Work?

The P85 Leaving the UK calculator helps determine tax refunds for individuals moving abroad. It considers income earned before leaving and any tax already paid. The tool calculates if you have overpaid tax and estimates the refund amount. It also factors in personal allowances and UK tax laws.

How to Use the Calculator

• Enter your entire tax year income.
• Enter the tax that you have previously paid.
• Give the date you plan to depart.
• Your tax refund will be estimated by the P85 Leave the UK Calculator.

This tool assists you in determining whether it is advantageous for you to submit Form P85 HMRC.

How do you receive the refund after filing the P85 form?

Based on your residency status and tax overpayment, HMRC processes your tax refund after you file the P85 form. The most popular way to get your refund is by bank transfer. The quickest and most practical way is for HMRC to deposit the refund straight into your UK bank account. Using this method guarantees that the money will get to you safely and promptly. You might have to provide a different account for payment, though, if you are relocating overseas and no longer have a UK bank account.

HMRC may send a check for the refund if you choose not to use a bank transfer. When the taxpayer does not have a working UK bank account, this option is frequently used. You must deposit the check into a bank account in your name after it is mailed to your registered address. Although processing times may differ, HMRC permits foreign payments into foreign bank accounts for individuals residing outside of the UK. The total amount received may also be decreased by exchange rate swings and foreign banking fees. To prevent delays in getting your refund, it’s critical to supply accurate banking information. The time taken to receive your refund varies. Online submissions are processed within six weeks, while postal applications may take longer.

What Happens If You Do Not Submit a Form P85 or a Tax Return?

After you leave the UK, HMRC might not process any tax refund you are eligible for if you don’t file a P85 form. They might assume you are still a UK resident for tax purposes if you don’t have this form, which could result in inaccurate tax deductions. Until you formally inform HMRC of your departure, any overpaid tax refund will remain unclaimed. If you don’t claim it within the allotted time, you might lose money or experience delays in getting your money.

There may be more severe repercussions if you don’t file your taxes on time. HMRC may impose late filing penalties if you were self-employed or had income that needed self-assessment. These penalties can add up over time and become substantial. Furthermore, interest charges might be incurred if tax payments are past due, which would increase your financial burden. Severe non-compliance may result in enforcement actions, including debt collection, or legal action. To prevent issues, it is always preferable to submit the required paperwork on time.

What If You Receive a Refund and Then File a Tax Return?

HMRC may reevaluate your tax situation if you file a tax return after submitting the P85 PDF form and receive a refund.

Potential Results:

Nothing has changed; your refund is still refundable.

Extra refund: If your tax liability was lower, you might receive more money.

Refund request: HMRC may request a portion of the refund if it is excessive.

To prevent future tax issues, it is best to accurately complete all tax documentation.

Where Can I Get a P85 Form?

You can download a P85 form in PDF format from the HMRC website. Another option is to call HMRC and ask for a paper copy. An accountant can also assist you in obtaining and completing it if you hire one.

Online submission of the P85 form via the Government Gateway is an additional choice. This approach is quicker and guarantees that HMRC receives your application immediately. Verify that you have all the necessary paperwork, including your UK employer’s P45. 

Conclusion

For anyone departing the United Kingdom, the P85 from the UK is a crucial document. It guarantees that you pay the correct taxes and get any reimbursement owed. Giving accurate information is crucial when submitting a P85 form, whether online or by mail.

Before filing, you can estimate your tax refund by using the P85 Leaving the UK Calculator. You risk overpaying taxes and not receiving your refund if you fail to submit a Form P85 to HMRC.