tax question

[tris-]

i just went one from job to another but in those two weeks, my previous employer kept paying me. i also got paid for the new job but notice i keep being taxed when i think i shouldnt be.

currently a student working in the holiday period, so i thought you didnt get taxed even if you had two jobs?

 

[old.user4556]

HM Revenue & Customs: Students: Working in term time and the holidays

If you have more than one job at the same time, you should contact the HM Revenue & Customs to get a different tax code for your second job.

 

[Chilly]

half the time they tax you anyway and you have to get it back yourself. you are allowed a few grand, but if you are working enough to get above that threshold then you are taxed at the appropriate rate.

 

[Pfy]

Paying tax once is a pain, but twice ...

£120 I lose a week to the taxman ;<

 

[tris-]

ah shite. ok so does anyone know i if i will get the tax paid back to me after i change the code?

 

[dysfunction]

Yes you should do. Although you may have to fill in a claim form...

 

[Wazzerphuk]

On a related note, I can't access HMRC here at work (damn filter), but does anyone have, or can anyone find, a number for me to call? I'm being taxed when I have earned less than the threshold for taxation...

 

[Clown]

Tax & Benefits Confidential
0845 608 6000

Open: 8.30am to 5pm Monday to Friday (Closed bank holidays)
The Tax & Benefits advice line offers people operating in the hidden economy confidential help and information to help them put their affairs in order.

Is that it?

 

[Wazzerphuk]

Is that it?

Thanks for that. Although I'm not sure if it's the one, I don't think so: that seems more like an advice line. I need a number where I can inform them that they are taxing me when they shouldn't, and get it so they don't tax me or arrange some kind of rebate.

 

[Clown]

Heh, when you get home you're going to see - there's basically a million numbers you can ring in regards to income tax. Looks like they're sorted by area or something.

 

[Will]

You need to call the right number for the town you are in. London isn't an option, I think you need to put down the right area. Brighton is 0845 366 7856.

 

[Wazzerphuk]

Hrm.

Well I'm working in Old Street (London) at the mo, but living in Brighton - will be moving to SW20 in August. Any idea which area is valid for me?

 

[Jupitus]

Hrm.

Well I'm working in Old Street (London) at the mo, but living in Brighton - will be moving to SW20 in August. Any idea which area is valid for me?

Shit - you're nextdoor!

Try 0845 302 1409.

 

[Jupitus]

Hrm.

Well I'm working in Old Street (London) at the mo, but living in Brighton - will be moving to SW20 in August. Any idea which area is valid for me?

You're not my (female) assistant manager, are you?

 

[Wazzerphuk]

Nextdoorwhere?

And no. Although I might wish I was....

 

[Jupitus]

Nextdoorwhere?

Epworth Street?

 

[Will]

If you are living in Brighton at the moment, call the Brighton number.

 

[Wazzerphuk]

Can't say I've heard of Epworth Street - no doubt it's close though: I don't know Old Street too well, have only just started working here.

OK Will, will (hrhr) call that number now and see how I go.

Ta for the help all :]

 

[Wazzerphuk]

Just phoned them, and it turns out that the tax people are scheming barswtewards.

As I previously (and everyone I know) understood it, you were not meant to be taxed until you had earnt £5225 + per financial year. Apparently, this is not the case. If you have earnt nothing, and then start earning more than £100pw or £400pm (can't remember exact figures) they will tax you anyway, calculating the tax on the difference between the threshold monthly value and what you have earnt - if all that makes any sense to you lot. It barely did to me, and I'm rather annoyed about it: I earn practically fuck all and to see it all taken away by tax when I've earnt virtually nothing, and earnt nothing over the year, is not only depressing but puts me in nice financial difficulties. YAY GOVERNMENT!

Don't get me started on Gordon Brown and Labour. Since they have been in charge I get poorer each year, and at the same time interest rates and inflation is increasing, almost uncontrollably. My wages have stayed the same, and rent etc. has once again increased. If something does not change soon, I will not (like almost all young people) be able to afford to live and may have to return to living with parents.

Makes me sick, the poorer keep getting poorer and people like Gordon Brown thrive off of us.

 

[Guest]

don't you have a p45 with a tax code on it,

if you have 2 jobs you get 2 tax codes - one per job

so your threshold gets halved per job

paye kicks in for each job divided by 12 monthly or 52 weekly, so you may be worse off having your tax code split into 2 halves

if you earn less than the threshold then you should not pay any tax but possibly a little bit of NI.

but as i suspect you might earn more in one job than the other you pay more tax on one job and might not pay any or less on the other one so they get you either way.

The salary department of each job have a local tax office which is closest to where those departments are, you may work in london but the salaries department might be in scotland so you need to ring your salaries department (in your case both of them as you have 2 jobs) and ask what tax office you need to ring...


simple

 

[Gumbo]

If by the end of the year you haven't earned up to the threshold then you will receive a rebate.

If you have just started to earn at a rate which will take you over the threshold when spread over 12 months they will assume that that is what you will continue to earn.

It's how PAYE works.

 

[Ch3tan]

Yeah it is a bugger wazz, but that is life. At least you will get the money back in a rebate.

You are right about the other fact though, cost of living keeps going up and wages do not.

 

[Wazzerphuk]

I won't get it back though, will be earning more than £5225 this year: I am, afterall, no longer a student. Finished meh degree this year with a first. Woot for degree, boo for low paying job.

 

[Gumbo]

Bung your numbers into Free UK PAYE Tax calculator 2007. Updated for 2007 budget announcements

It will tell you how much tax you should pay this year and how much of a rebate you are entitled too.

 

[Ch3tan]

Well according to that site, I am being taxed incorrectly

 

[Gumbo]

Bear in mind that it can fluctuate month to month unless you are on a fixed monthly salary. You really need to check it from your P60.

 

[Pfy]

Tax is a huge hornets nest.

I personally am always frightened to call up my tax office incase it turns out I owe them money

 

[Ch3tan]

Bear in mind that it can fluctuate month to month unless you are on a fixed monthly salary. You really need to check it from your P60.

It's okay that webby goes by monthly payments, I get 4 weekly pay days.

 

[Vae]

Brooky's not quite right regarding the way tax codes with 2 jobs work.

Essentially you have a tax free allowance for the year (£5225) and if you earn under it for the year you don't pay tax. However this allowance accumulates over the year so in month 1 you only have £435 tax free allowance so if you earned £5225 in month 1 you'd be taxed but if you earned nothing else for the rest of the year you'd get that tax back. Students working only with holiday jobs can complete a form (form 38) to declare that they are not going to be earning more than £5225 for the year to avoid having to pay tax and then reclaim it later.

When you have 2 jobs at the same time you receive your personal allowance and pay NI on one of the jobs and you have a tax code of BR (i.e. basic rate) for the other job which means that you pay tax at a flat rate of 22% in this 2nd job and also don't pay NI on this 2nd job as you have already paid NI on the first job. If you happen to reach the higher rate tax limit over the two jobs the revenue will adjust your tax code in the following year or it will be reported via your tax return if you file one.

 

[Gumbo]

It's okay that webby goes by monthly payments, I get 4 weekly pay days.

So long as you are paid the same amount each 4 weeks, no overtime or bonuses etc, and it still comes out wrongly, then you need to speak to your payroll department first. It is very unusual for tax to be calculated wrongly for any company that runs payroll software, as it's mostly calculated for you. But like with anything, if they put the wrong numbers in to start with then the wrong numbers come out the other end.