Student Tax

Danger Phoenix · 27 Jul 2008 at 01:44

If you are a student working part-time during the weekends, but as a permanent role, and earning less than the Personal Allowance, which IR form do you use to claim the tax back?

DB_SamX · 27 Jul 2008 at 01:45

No idea but I got mine back automatically without filling any forms at the end of the financial year.

Ben M · 27 Jul 2008 at 01:47

edit: p38s

CaptainComedy · 27 Jul 2008 at 01:47

you can phone them up. they will send you forms. or you can go local tax office and they will give you any required

daven1986 · 27 Jul 2008 at 01:59

on this note, if you are a full time student doing an industrial placement for 6 months can you claim any tax back?

thanks

Danger Phoenix · 27 Jul 2008 at 02:00

Ben M said:
edit: p38s

That form says:

You do not have to deduct tax from the pay of a student who works for you solely during a holiday if

My friend works all year round, but just at weekends...

daven1986 · 27 Jul 2008 at 02:10

might be the r40 form.

Grrrrr · 27 Jul 2008 at 03:47

daven1986 said:
on this note, if you are a full time student doing an industrial placement for 6 months can you claim any tax back?

thanks

Being a student has no bearing at all on how you are taxed.

If you earn £5,435 or less in this financial year you will be reimbursed any tax you have paid. If you expect to earn less than £5,435 in this financial year, for example having a summer job but not expecting to work for the rest of the year you can contact HMRC who will give you a form to fill out which will stop you from being taxed. If, however, you do go above the limit having filled in that form you will be taxed heavily on anything you earn after.

In your case it's likely you will be given a tax rebate at the end of the financial year automatically, if not then you should contact HMRC requesting a rebate

SideWinder · 27 Jul 2008 at 09:37

P45 apparently...i'm claiming my tax back soon.

daven1986 · 27 Jul 2008 at 10:52

Grrrrr said:
Being a student has no bearing at all on how you are taxed.

If you earn £5,435 or less in this financial year you will be reimbursed any tax you have paid. If you expect to earn less than £5,435 in this financial year, for example having a summer job but not expecting to work for the rest of the year you can contact HMRC who will give you a form to fill out which will stop you from being taxed. If, however, you do go above the limit having filled in that form you will be taxed heavily on anything you earn after.

In your case it's likely you will be given a tax rebate at the end of the financial year automatically, if not then you should contact HMRC requesting a rebate

thanks, unfortunately - or fortunately (depending on how you look at it) - I am earning over £5435 in the six months. I guess I can't get anything back then.

Thanks

Daven

Phil99 · 27 Jul 2008 at 11:46

daven1986 said:
thanks, unfortunately - or fortunately (depending on how you look at it) - I am earning over £5435 in the six months. I guess I can't get anything back then.

Thanks

Daven

The ~£5k tax free amount is tax free for everyone, whether you earn £5 or £500'000, you still don't pay tax on the allowance, just the earnings above that amount.

At the end of the tax year you'll be able to claim back the tax paid on the first £5k but you'll have to pay 20% (iirc) on earnings over that amount.

daven1986 · 27 Jul 2008 at 13:22

Phil99 said:
The ~£5k tax free amount is tax free for everyone, whether you earn £5 or £500'000, you still don't pay tax on the allowance, just the earnings above that amount.

At the end of the tax year you'll be able to claim back the tax paid on the first £5k but you'll have to pay 20% (iirc) on earnings over that amount.

bah that is what i thought, but someone said that students can claim back all tax except NI, i was skeptical but hopeful!!

thanks

daven

Kappa · 27 Jul 2008 at 13:24

Its the P46 mate, I had to do this when I worked for Vodafone in my last 2 years at uni.

Guv · 27 Jul 2008 at 14:25

daven1986 said:
bah that is what i thought, but someone said that students can claim back all tax except NI, i was skeptical but hopeful!!

thanks

daven

If you've paid too much tax you can claim the tax back. If for some reason you paid too much NI you can't get it back but it's very very unlikely you will pay too much NI anyway. Being a student doesn't change any of the rules, the above is the same for everyone.

Kappa said:
Its the P46 mate, I had to do this when I worked for Vodafone in my last 2 years at uni.

No it's not. A P46 is used when an employee doesn't have a P45. You would have filled one in so your tax code got corrected. This might have caused you to get tax back as it would have been adjusted to your tax code but it's not the usual form to claim back tax.

Danger Phoenix · 27 Jul 2008 at 14:28

Guv said:
No it's not. A P46 is used when an employee doesn't have a P45. You would have filled one in so your tax code got corrected. This might have caused you to get tax back as it would have been adjusted to your tax code but it's not the usual form to claim back tax.

Which form is it then? :confused:

Deleted member 11679 · 27 Jul 2008 at 14:29

I can't remember the form but when I needed to do this as a student I just phoned up the local Inland Revenue office and got it done this way.

Guv · 27 Jul 2008 at 14:31

Danger Phoenix said:
Which form is it then?

Is your tax code correct? Should probably by 543L.
If you've already overpaid the tax then contact HMRC.

If you haven't overpaid yet but are expecting you will as it's a summer job/weekend job or something where you won't earn more than £5435 between April 08 and March 09 then fill in a p38(s) as someone posted above.

Danger Phoenix · 27 Jul 2008 at 14:52

Guv said:
Is your tax code correct? Should probably by 543L.
If you've already overpaid the tax then contact HMRC.

If you haven't overpaid yet but are expecting you will as it's a summer job/weekend job or something where you won't earn more than £5435 between April 08 and March 09 then fill in a p38(s) as someone posted above.

It is for a friend of mine, and it has already been overpaid as her earnings are well below the Personal Allowance, but has been charged tax on all her wages

Guv · 27 Jul 2008 at 14:57

Danger Phoenix said:
It is for a friend of mine, and it has already been overpaid as her earnings are well below the Personal Allowance, but has been charged tax on all her wages

If she's been taxed on all her earnings then it sounds like her tax code is wrong. She needs to get that changed by giving her employer a P45 from her previous employers or fill in a P46.
It's possible filling in a P46 will be enough to correct things but this will depend on her level of earnings.

I'd probably see what happens once the tax code has been correct and take it from there.

Danger Phoenix · 27 Jul 2008 at 15:05

She is under 18 (turns 18 next month) and works at Clinton cards for 10 hours over Saturday and Sunday for a measly salary of less than £5 per hour.

I will ask her to check her tax code

Student Tax

Deleted member 11679

Deleted member 11679