Site Search:
 
Speak Korean Now!
Teach English Abroad and Get Paid to see the World!
Korean Job Discussion Forums Forum Index Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Brits: how important is it to fill the p85 out.

 
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> Job-related Discussion Forum
View previous topic :: View next topic  
Author Message
Kimchifart



Joined: 15 Sep 2010

PostPosted: Tue Feb 07, 2012 12:25 pm    Post subject: Brits: how important is it to fill the p85 out. Reply with quote

I was here for three years, returned to the UK for a year and I'm going back again. During my time in Korea I only came back to the UK once for 6 weeks, but returned back about a month before the end of the tax year.

I've been reading online and the regulations seem really ill defined and liquid, they also seem to be in a state of upheaval at the moment and there is talk of us moving to the horrific US style and things about not having a UK driving license and not having an active UK bank account being essentially as well as the new 89 day rule (at least, I think it's new).

At the moment I'm a little concerned I might be getting the rules wrong and might end up being liable for back taxes.

Is it crucial to fill out the p85? Have any of you lot done it?

Also, is it possible to get back to the UK for stints longer than 89 days (I guess there's that average over four years right?)

Gah, doing my head in all this.
Back to top
View user's profile Send private message
Setaro



Joined: 08 Aug 2010

PostPosted: Tue Feb 07, 2012 4:05 pm    Post subject: Reply with quote

Are you sending back your payslips to Her Majesty's Tax Office? If not, how do they even know where you are/what you're doing?

They can't tax you if they don't know what you're doing!
Back to top
View user's profile Send private message
Malislamusrex



Joined: 01 Feb 2010

PostPosted: Tue Feb 07, 2012 6:57 pm    Post subject: Reply with quote

Don't declare anything.
Back to top
View user's profile Send private message
socialjeebus



Joined: 30 Jun 2011
Location: Yeoksam-dong

PostPosted: Tue Feb 07, 2012 8:52 pm    Post subject: Reply with quote

Seriously, don't bother with anything.

With all the job cuts going on in HMRC, etc you're only going to create more problems for yourself.

That said you might get asked questions about savings if you go and apply for the dole straight away.

I was in a similar position when I first went back, if you need to go to hospital however you will definitely be asked (they tried to charge me 120 quid for an appointment). I said I was jobless and in the process of claiming JSA (that got me out of that one).

However once I started a new job back in Blighty I did get a letter from HMRC saying there had been a shortfall (380 in my NI contributions - effectively for the years I was out of the UK, I was missing in action) which could affect my state pension, blah blah and giving me a few years (I think it may have been 4 or 5) to pay the balance.

That being said I didn't bother and since have returned here. You'll find that whilst the HMRC are concerned about your income, the DWP are much more interested in your savings & investments.

On a side note, are you going back to UK temporarily/permanently and will you leave any significant commitments here in Korea (spouse/kids, etc)?

If you are married here and plan to go back and claim JSA while you're home it might be difficult to claim JSA now they use the HRT (habitual residency test).
Back to top
View user's profile Send private message
Kimchifart



Joined: 15 Sep 2010

PostPosted: Wed Feb 08, 2012 1:48 am    Post subject: Reply with quote

socialjeebus wrote:
Seriously, don't bother with anything.

With all the job cuts going on in HMRC, etc you're only going to create more problems for yourself.

That said you might get asked questions about savings if you go and apply for the dole straight away.

I was in a similar position when I first went back, if you need to go to hospital however you will definitely be asked (they tried to charge me 120 quid for an appointment). I said I was jobless and in the process of claiming JSA (that got me out of that one).

However once I started a new job back in Blighty I did get a letter from HMRC saying there had been a shortfall (380 in my NI contributions - effectively for the years I was out of the UK, I was missing in action) which could affect my state pension, blah blah and giving me a few years (I think it may have been 4 or 5) to pay the balance.

That being said I didn't bother and since have returned here. You'll find that whilst the HMRC are concerned about your income, the DWP are much more interested in your savings & investments.

On a side note, are you going back to UK temporarily/permanently and will you leave any significant commitments here in Korea (spouse/kids, etc)?

If you are married here and plan to go back and claim JSA while you're home it might be difficult to claim JSA now they use the HRT (habitual residency test).


Nah dont need JSA. Trouble is ive got a student loan so I assumed revenue know whats going on anyway. I mean i have been non resident so i cant see any problem, but i really dont want them biting me in the arse for four years backpayments or some such bs in the future.
Back to top
View user's profile Send private message
socialjeebus



Joined: 30 Jun 2011
Location: Yeoksam-dong

PostPosted: Wed Feb 08, 2012 2:15 am    Post subject: Reply with quote

A tip for student loans. They are a pain in the arse, I was back for just under 5 years and within that managed to 'over' repay my loan then had to go through the pain in the arse of waiting for a refund to be processed. Find out exactly how much you owe when you start working.

One person over repaid by 96,000 quid (that's no typo - check the BBC story).

Other things to watch out for, tax codes when you start work and getting yourself on/back on the electoral roll.
Back to top
View user's profile Send private message
underworld9202



Joined: 31 Jan 2012

PostPosted: Fri Feb 17, 2012 7:16 am    Post subject: Reply with quote

If you *do* fill out a P85, is it OK to send it without the address of your employer (i.e. the Korean school) on it? I've heard they can take a while so I'm trying to get a jump start...
Back to top
View user's profile Send private message
Kimchifart



Joined: 15 Sep 2010

PostPosted: Sat Feb 18, 2012 6:51 am    Post subject: Reply with quote

underworld9202 wrote:
If you *do* fill out a P85, is it OK to send it without the address of your employer (i.e. the Korean school) on it? I've heard they can take a while so I'm trying to get a jump start...


What can take a while?

There isn't any urgency in doing the p85 is there?
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> Job-related Discussion Forum All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2018 Dave Sperling. All Rights Reserved.

Powered by phpBB © 2001, 2002 phpBB Group

TEFL International Supports Dave's ESL Cafe
TEFL Courses, TESOL Course, English Teaching Jobs - TEFL International