Tax going to be high?
- Thread starter geeza
- Start date
Scuzi said:
thanks. more helpful than dirty dog.
apparently its changed for the better. If im only going to be working a couple of months then can i claim all tax back? (as i will be getting way under £5220)
http://uk.answers.yahoo.com/question/index?qid=20070425085414AAwd1Pm
522L I expect is the tax code you should be on - £5,225 tax free per year.
If you're a student only working over the summer who will not earn more than £5,225 between 6th April 07 and 5th April 08 you can fill in a P38(s) form so you aren't taxed.
Without knowing how much you'll be earning next week and if you've been taxed this tax year I couldn't say if your tax will be 'high' or not.
If you're a student only working over the summer who will not earn more than £5,225 between 6th April 07 and 5th April 08 you can fill in a P38(s) form so you aren't taxed.
Without knowing how much you'll be earning next week and if you've been taxed this tax year I couldn't say if your tax will be 'high' or not.
Associate
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just go to the tax office or phone them if you have been taxed rong then they will give it back to you they did it to me and i got all the cash back 
they will help you
they will help youCompletely standard tax code for someone with one job and no other benefits or deductions to complicate it. I'd imagine there's nothing to worry about.
If you earn below £100 a week, you'll pay nothing - as you found. Over that and you'll start paying tax and NI. If you earn odd amounts per week, it'll all even itself out by the end and you'll not have to claim anything back
If you earn below £100 a week, you'll pay nothing - as you found. Over that and you'll start paying tax and NI. If you earn odd amounts per week, it'll all even itself out by the end and you'll not have to claim anything back
Soldato
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Scuzi said:
same as me about £100 a week before i get taxed (on the money which is above the £100)
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whitedragon said:just go to the tax office or phone them if you have been taxed rong then they will give it back to you they did it to me and i got all the cash back
eventually, took 3 months before they gave me my money back last time I had to speak to them...they're pretty useless to be honest...
Seems like as good a thread as any to ask this in.
I am being taxed as if the money I earn each month will remain the same all year. In reality, this is not the case. I finish my job next month as its a Uni placement. By which time this tax year I will have earnt just under the yearly taxfree allowance, but I'll still have been taxed nearly a grand so far this year.
Can I claim it back, and if so, must I wait for April? I will be continuing to earn, but at a much reduced rate in my weekend job whilst at Uni.
Could do with the cash to buy some 18".. err I mean books and stuff.
I am being taxed as if the money I earn each month will remain the same all year. In reality, this is not the case. I finish my job next month as its a Uni placement. By which time this tax year I will have earnt just under the yearly taxfree allowance, but I'll still have been taxed nearly a grand so far this year.
Can I claim it back, and if so, must I wait for April? I will be continuing to earn, but at a much reduced rate in my weekend job whilst at Uni.
Could do with the cash to buy some 18".. err I mean books and stuff.
Think you'll have to wait till April.
Although too late now, as you knew you'd be finishing and going back to student life before reaching £5,225, you could've filled in a P38(S) resulting in paying no tax (unless you hit £5,225, that is!).
Still, it'll be a pleasant surprise when you get it back!
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/ReclaimingTax/DG_10013075
Although too late now, as you knew you'd be finishing and going back to student life before reaching £5,225, you could've filled in a P38(S) resulting in paying no tax (unless you hit £5,225, that is!).
Still, it'll be a pleasant surprise when you get it back!
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/ReclaimingTax/DG_10013075
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Simplest way: work out how much you earn (approx) for the year and bung it into the calculator on www.listentotaxman.com
That'll give you the figure for tax that you should've paid, and you should know what you've actually paid.
Bear in mind that you won't get any NI payments back (which you will have been paying as you must've earnt over £100/week).
That'll give you the figure for tax that you should've paid, and you should know what you've actually paid.
Bear in mind that you won't get any NI payments back (which you will have been paying as you must've earnt over £100/week).
Man of Honour
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The quickest way to escape emergency tax is to submit a P45 or fill in a P46. Without either, the employer is obliged to use the emergency code for a period of six weeks I think.