Tax question

geeza · 27 Mar 2006 at 11:13

So far I have earned £5700 working from september where I am now. Before I worked for a month or so and earned about £500. So £6200.

Am i right in thinking that as its coming up to April I can claim so tax back as everyone gets a tax free limit of about £4800?

Therefore I should only be paying tax (10%) on £1400. So up till April I should be paying a total of £140 in tax, instead of £130 a month.

LAst month I did get about £600 back as I was on emergency tax and they were stealing about £240 off me for the first 2 months, but I can go through and add up all the tax i have paid and deduct my rebates to find out if I am owed money

NerveAgent · 27 Mar 2006 at 11:19

I am in the same position (also I was on emergency tax BR code for a while) and have been told to send off my P60? when I get it along with any P45's to my local office.

geeza · 27 Mar 2006 at 11:36

NerveAgent said:
I am in the same position (also I was on emergency tax BR code for a while) and have been told to send off my P60? when I get it along with any P45's to my local office.

I was in the same position, i needed my P45 from sports NO SWEARING, Big Kev before i could get tax back. however they took over 2 months getting it too me. thanks for that :rolleyes:

Nozzer · 27 Mar 2006 at 11:45

You don't need a P45 to be assessed for a refund. Send your P60(s) and last payslip from the job you're missing the P45 from and they'll sort it.

-Mike- · 27 Mar 2006 at 11:46

I would be interested to hear the outcome of this as I have just realised I've been taxed on my whole earnings, and not the extra on top of the £4800 odd.

WillyNelson · 27 Mar 2006 at 12:03

-Mike- said:
I would be interested to hear the outcome of this as I have just realised I've been taxed on my whole earnings, and not the extra on top of the £4800 odd.

You will have. You get the first £4895 at 0%, the next £2090 at 10% and then up to £32,400 at 22%. Above £32,400 is 40%.

But in reality you get taxd at an effective rate. They look at how much you get a month and calculate how much tax you should pay if you earn that all year. The appropriate amount of tax (1/12 of you total tax liability) is then deducted each month.

PeterNem · 27 Mar 2006 at 23:48

Get your employer to send you a statement of earnings to pass onto the tax man.

Or in my case just make one up and print it on the stash of headed paper you had handy. (Genuine figures, I just knew it'd be quicker than asking them to do it).