Tax

tidusjar

tidusjar

tidusjar

Soldato
Joined
11 May 2011
Posts
2,901
Location
Farnborough
Just wondering guys,

Started a job a month ago and worked there a month. Got paid and left. Paid NO tax. first ever job (that the tax man knows about).

Started working now here and got paid today. I paid tax... Isn't there a certain amount of money that I need to earn before I get tax'd?

£5000?
 
What is your tax code?

You get taxed even if you earn £20, but if by the end of April you earn less than your allowance then you get refunded.

I think.
 
you get taxed on what they project you will earn for that financial year.

i think if you don't reach your threshhold you can reclaim the taxes somehow, but someone other than me can probably explain that better ;)
 
Everybody (in general) has a basic tax code of 810L which means the first £8100 in a year earnt is tax free.

This is pro rata over the year so basically means £156 a week or £675 per month.

Tax year starts in April each year so by December you would need to have earnt just over £6000 in order to start paying tax if you are just starting a job and hadn't been paid earlier.

However, you may well have been on a cumulative code for the first job but now you are on a week 1/month 1 tax code with this job. If its the latter then it looks purely just at the month you are paid so if it's over £675 then you will be taxed. Of course, once you get the April next year your whole earnings and tax paid is looked at for the whole year and you can claim a rebate.

EDIT: which box did you tick on the p46?
 
Greebo said:
Everybody (in general) has a basic tax code of 810L which means the first £8100 in a year earnt is tax free.

This is pro rata over the year so basically means £156 a week or £675 per month.

Tax year starts in April each year so by December you would need to have earnt just over £6000 in order to start paying tax if you are just starting a job and hadn't been paid earlier.

However, you may well have been on a cumulative code for the first job but now you are on a week 1/month 1 tax code with this job. If its the latter then it looks purely just at the month you are paid so if it's over £675 then you will be taxed. Of course, once you get the April next year your whole earnings and tax paid is looked at for the whole year and you can claim a rebate.

EDIT: which box did you tick on the p46?
Click to expand...

Yes it was over £675.

What was the choices? I'm at work so I cannot check.
 
Read all the following statements carefully and enter 'X'
in the one box that applies to you.
A – This is my first job since last 6 April and
I have not been receiving taxable Jobseeker's
Allowance, Employment and Support Allowance
or taxable Incapacity Benefit or a state or
occupational pension.
OR
B – This is now my only job, but since last 6 April
I have had another job, or have received
taxable Jobseeker's Allowance,
Employment and Support Allowance or
taxable Incapacity Benefit. I do not receive
a state or occupational pension.
OR
C – I have another job or receive a state or
occupational pension.

I suspect for your first job you will have ticked A and for this job B.

Ticking A would have given you a cumulative tax code for the first job and hence no tax paid until you would earn £6000. Ticking box B gives you a 810L week 1/month 1 code for this job and hence tax if you earn over £675.

What you need is your P45 from you last job. This will have 810L without the week/month 1 code and give that to your new employer and next month you will have no tax to pay and you'll get the tax you paid this month back.

That will be £50 for my professional time please :D
 
Last edited:
A - This is my first job since last 6 April and I have not been receiving taxable
Jobseeker's Allowance, Employment and Support Allowance, taxable Incapacity
Benefit, State Pension or Occupational Pension.

B - This is now my only job but since last 6 April I have had another job, or received
taxable Jobseeker's Allowance, Employment and Support Allowance or taxable
Incapacity Benefit. I do not receive a State Pension or Occupational Pension.

C - As well as my new job. I have another job or receive a State Pension or Occupational
Pension
Click to expand...

For your first job you probably either gave them a P45 or ticked Statement A on the P46 - which means you would be on 810L cummulative - so no, you wouldn't have paid any tax on that first months wages.

For your second job now you would have probably ticked B - so now you will be on 810L Week1/Month1 - which is a non-cumulative code, so your wages are taken on a month by month basis.

Either - you get a P45 from your previous employer, give it to your new employer and it will sort itself out..

or wait until after 5th April and contact the tax office with all your details and they will sort it all out.

Nothing to panic about.
 
Freakbro said:
For your first job you probably either gave them a P45 or ticked Statement A on the P46 - which means you would be on 810L cummulative - so no, you wouldn't have paid any tax on that first months wages.

For your second job now you would have probably ticked B - so now you will be on 810L Week1/Month1 - which is a non-cumulative code, so your wages are taken on a month by month basis.

Either - you get a P45 from your previous employer, give it to your new employer and it will sort itself out..

or wait until after 5th April and contact the tax office with all your details and they will sort it all out.

Nothing to panic about.
Click to expand...

Ok cool, I'll just ask them to send me my P45.
 
tidusjar said:
I had a P45 at my first job. Left there and received a P46. Then started working where I am now, gave them a P46.
Click to expand...

Not sure about that, you may be a little confused.

When you leave employment they will give you a P45 not a P46.

A P46 is what you fill in for a new employer if you don't have a P45.
 
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