Income Tax question...
Discussion
Hope someone can help me out here...
I am in an annoying situation reguarding my income tax. I am a student, and Have earned less that my allowance this year, so I shouldn't have paid tax, only I have...
I worked over the summer, claimed my tax back thru Inland revenue. I'd earned £3400 according to my P45.
then I worked at christmas, but work didn't submit my P45... so I got taxed on an "NT" emergency code, earned £800 and paid £175 tax on a different P45.
I am now working in another place... again, on a "BR" code. Had earned £580 at this place and Have paid £125 tax.
So, I think I am at rougly my annual allowance, so I will only pay tax on a negligable ammount. (edit... I earned £4767.85, so I only pay tax on £27.85 with a 474L tax code, yes?)
I called the inland revenue, they said send them my P60 and they'll sort it all out.
Trouble is the most recent job is described as "casual" and it's "claiming expences" back for any hours I work, so will I get a P60??
I've spoken to a lot of people who "think" that they know what they're talking about, but everyone is saying something different.
Thanks in Advance.
Paul.
>>> Edited by top fuel on Saturday 16th April 14:32
I am in an annoying situation reguarding my income tax. I am a student, and Have earned less that my allowance this year, so I shouldn't have paid tax, only I have...
I worked over the summer, claimed my tax back thru Inland revenue. I'd earned £3400 according to my P45.
then I worked at christmas, but work didn't submit my P45... so I got taxed on an "NT" emergency code, earned £800 and paid £175 tax on a different P45.
I am now working in another place... again, on a "BR" code. Had earned £580 at this place and Have paid £125 tax.
So, I think I am at rougly my annual allowance, so I will only pay tax on a negligable ammount. (edit... I earned £4767.85, so I only pay tax on £27.85 with a 474L tax code, yes?)
I called the inland revenue, they said send them my P60 and they'll sort it all out.
Trouble is the most recent job is described as "casual" and it's "claiming expences" back for any hours I work, so will I get a P60??
I've spoken to a lot of people who "think" that they know what they're talking about, but everyone is saying something different.
Thanks in Advance.
Paul.
>>> Edited by top fuel on Saturday 16th April 14:32
You should be able to get a P60 covering the year to 5 April 2005 from your current employer. If you had left this employer before 5 April 2005, he is not obliged to give you a P60 but if you contact him directly they should give you one.
What does your employer mean when he says he is paying you "expenses"? What expenses are these? Does he think that by claiming he is paying you "expenses" rather than "Wages" that he is somehow exempted from giving you a document you are legally entitled to?
Whatever the outcome of obtaining details from your employer, you should be able to sort your tax position out by completing a tax return. Up to now, the only tax returns available wre the normal but complicated "Self Assessment" tax forms. For 2005/06 and future years, the Inland Revenue have brought out a simplified "Short" form which sounds like this might be appropriate for your situation.
I would not send an original P60 to the Inland Revenue. For a start, they should already have all the details shown on the P60 because the employer is obliged by LAW to submit all this information. Tax details of ALL the employees for 2005/06 must be submitted by the employer the Inland Revenue by 19 May 2005.
>> Edited by Eric Mc on Saturday 16th April 15:50
What does your employer mean when he says he is paying you "expenses"? What expenses are these? Does he think that by claiming he is paying you "expenses" rather than "Wages" that he is somehow exempted from giving you a document you are legally entitled to?
Whatever the outcome of obtaining details from your employer, you should be able to sort your tax position out by completing a tax return. Up to now, the only tax returns available wre the normal but complicated "Self Assessment" tax forms. For 2005/06 and future years, the Inland Revenue have brought out a simplified "Short" form which sounds like this might be appropriate for your situation.
I would not send an original P60 to the Inland Revenue. For a start, they should already have all the details shown on the P60 because the employer is obliged by LAW to submit all this information. Tax details of ALL the employees for 2005/06 must be submitted by the employer the Inland Revenue by 19 May 2005.
>> Edited by Eric Mc on Saturday 16th April 15:50
Thanks... I'll chase it all up. 
Basically I have no contact with my employer! Great huh!?
We write down the hours on a form each week (very inefficient.
My employer??? The University of Birmingham... You'd think they'd be more helpful.
Eric Mc said:
What does your employer mean when he says he is paying you "expenses"? What expenses are these? Does he think that by claiming he is paying you "expenses" rather than "Wages" that he is somehow exempted from giving you a document you are legally entitled to?
Basically I have no contact with my employer! Great huh!?
We write down the hours on a form each week (very inefficient.
My employer??? The University of Birmingham... You'd think they'd be more helpful.
Academic insitutions are often very inefficient when it comes to nitty gritty matters like tax and NI. Whatever, you are entitled to a P60 and should make sure you get one. However, it is only 16 April today and many employers (even the efficient ones) might not have issued P60s to their staff yet.
Start shouting if you don't get one by 5 May.
Start shouting if you don't get one by 5 May.
Gassing Station | The Pie & Piston Archive | Top of Page | What's New | My Stuff