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'Taxman to take almost half a new graduate’s starting salary'
Comments
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tinkerbell84 wrote: »Guess what. It's super easy to split your tax code if you need to. It's also easy to get HMRC to check whether you have paid too much or too little tax at the end of each tax year.
It's sensationalist journalism - they've included bills that don't come off your pay, and these are bills that everyone pays!
I disagree with you, what may seem easy for some people, does not necessarily mean it is easy for other people. You have to factor in people's experience and the inconsistent behaviour from HMRC. If its "super easy", it wouldn't be an issue and no one would ever pose these questions at all!!!!
I think you mean , it should be easy , but the reality is very different. HMRC have paid out on claims under Code of Practice 1 for poor performance on these matters which can take few weeks to a few months to sort out.
For students, HMRC often have difficulty in locating the correct Tax District in the first place and then have further problems because they are so new to the tax system and require forms such as P91/92 to be completed.All these lead to delays! By the time HMRC get round to dealing with the case the student would have often left the 4-5 week summer job they were doing!
Lastly, delays are rife with HMRC. I spoke to Maidstone Tax District only this morning and guess what they are still dealing with post dating back to 30 May 2008!, and they deal with this on a first in first out basis. Today is 8 August 2008. If a student writes in today , what are the chances of his/her problem being sorted out before the new term starts. Its no so easy.0 -
I disagree with you, what may seem easy for some people, does not necessarily mean it is easy for other people. You have to factor in people's experience and the inconsistent behaviour from HMRC. If its "super easy", it wouldn't be an issue and no one would ever pose these questions at all!!!!
I think you mean , it should be easy , but the reality is very different. HMRC have paid out on claims under Code of Practice 1 for poor performance on these matters which can take few weeks to a few months to sort out.
For students, HMRC often have difficulty in locating the correct Tax District in the first place and then have further problems because they are so new to the tax system and require forms such as P91/92 to be completed.All these lead to delays! By the time HMRC get round to dealing with the case the student would have often left the 4-5 week summer job they were doing!
Lastly, delays are rife with HMRC. I spoke to Maidstone Tax District only this morning and guess what they are still dealing with post dating back to 30 May 2008!, and they deal with this on a first in first out basis. Today is 8 August 2008. If a student writes in today , what are the chances of his/her problem being sorted out before the new term starts. Its no so easy.
If a student cannot work out their correct tax code, then they certainly should not be graduating with a degree!Gone ... or have I?0 -
I lose count of the number of 'top graduates' that phone to ask if they should be paying tax on their £20k+ earnings because they "were a student up till now" :rolleyes:0
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A bit for student bashing going here, which is uncalled for...these guys are NEW to the tax system and have had no reason or requirement to learn any of this before. The tax system id far from perfect and if in doubt ask. Presumably that is what the HMRC helpline is for!
Not many people and seasoned taxpayers know how the tax system works and I know plenty of directors who would not be able to calculate their own tax code!, not to mention junior staff at HMRC!!!!!!!
It's all too easy to throw mud at students.0 -
They don't have to be new to the system.
In fact, if they wait till they finish uni to do something useful with themselves, they're probably less employable anyway.
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A bit for student bashing going here, which is uncalled for...these guys are NEW to the tax system and have had no reason or requirement to learn any of this before. The tax system id far from perfect and if in doubt ask. Presumably that is what the HMRC helpline is for!
Not many people and seasoned taxpayers know how the tax system works and I know plenty of directors who would not be able to calculate their own tax code!, not to mention junior staff at HMRC!!!!!!!
It's all too easy to throw mud at students.
I don't think anybody's throwing mud at students and of course, many other people don't understand their tax codes. However, if someone is intelligent enough to study for a degree and warrants receiving a salary of £27,000 in their early twenties then researching and learning about basic things like income tax and NI should not be beyond them!0 -
A bit for student bashing going here, which is uncalled for...these guys are NEW to the tax system and have had no reason or requirement to learn any of this before. The tax system id far from perfect and if in doubt ask. Presumably that is what the HMRC helpline is for!
Not many people and seasoned taxpayers know how the tax system works and I know plenty of directors who would not be able to calculate their own tax code!, not to mention junior staff at HMRC!!!!!!!
It's all too easy to throw mud at students.
Not student bashing, just realistic.
Do you not think that we were students once (and in my case, will be for a long time yet)?
Some students seem to forget that they are also adults. They also forget that when studying at degree level, a brain is usually a prerequisite. Perhaps they need to learn how to use that brain?Gone ... or have I?0 -
Oldernotwiser wrote: »I don't think anybody's throwing mud at students and of course, many other people don't understand their tax codes. However, if someone is intelligent enough to study for a degree and warrants receiving a salary of £27,000 in their early twenties then researching and learning about basic things like income tax and NI should not be beyond them!
Thats just the point! These guys are in the process of learning about the tax system, yet it seem that it unforgiveable that they dare ask any questions!0 -
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Oldernotwiser wrote: »Who are "these guys"?
There's a differnce between an 18 year old new student and someone of 21 who's earning £27,000!
oh please, such a naive comment! Not even going to grace that with an answer.0
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