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Gbs On A Bank Statement Even More Money That Isn't Mine!
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hi, i have receieved an unexpected payment into my bank account. The payment comes from the company my employer uses for it's payroll/HR but is prefixed on the bank statement "GBS Re xxxxx" where xxxxx is the name of the HR company.
Does anyone know what GBS might mean? A google tells me it MIGHT be government banking service which is to do with HMRC. There is a remote possibility that i am due a tax refund from 2012-2013 as i was on mat leave so had a small income for the last part of the year. But i just do PAYE, so rely on them to work it out for me, and wouldn't they have written to me if i was due a refund? Or just adjusted my tax code? And why a september refund (if that's what it is)
Does anyone know what GBS might mean? A google tells me it MIGHT be government banking service which is to do with HMRC. There is a remote possibility that i am due a tax refund from 2012-2013 as i was on mat leave so had a small income for the last part of the year. But i just do PAYE, so rely on them to work it out for me, and wouldn't they have written to me if i was due a refund? Or just adjusted my tax code? And why a september refund (if that's what it is)
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For more on marking an answer as the "Best Answer", please visit our FAQ.P s FGT, the HMRC website says they do http:// www.hmr c.gov.u k/incom etax/un derstan d-refun d.htm
says here it could be from HMRC http:// www.hmr c.gov.u k/gbs/
"HMRC gives you a tax code that tells your employer or pension provider how much tax to take off your wages or pension before you get paid. If you've paid too much tax this year HMRC may send you a new tax code and your employer or pension provider will pay you your refund with your wages or pension. If you've paid too much tax in earlier years HMRC works out how much they owe you and sends you a refund in the post or by bank transfer."
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