Quick question re the universal £60 tax rebate

CLAPTON

MrsBartolozzi wrote: »

Hi can anyone help please?
I have been working as a temp all this tax year, but with only a few part time posts and so I have not paid any tax yet.
I am due to start working full time in a few weeks and I will then be earning enough to pay tax. My tax code is 543L.
Am I right in thinking that my code will just change to 603L and then I can earn 6035 (minus what I already earned this year) before I pay tax? or is there some other calculation for people not paying tax already this year?
I just want to check that I have not lost out on this £60 that people are talking about.
Thanks
MrsB.

you will get the full benefit of the increase in personal allowance if you earn at least 6035 this tax year.

mstopham

I have just checked my payslips after reading this thread.

My August slip shows tax code 543L
My September shows 603L
My September next pay is £10 more than August with that being accounted for by a £10 decrease in the amount taxed. My gross is the same for each month.

This looks like I have been changed on the tax code so Sept - March I will benefit, however it doesn't look like I have benefited from Apr - Aug this year.

I have worked for 3 companies, 2 as a contractor before starting a permanent job in July. I was under the impression that as previous tax etc had been sorted that my current employer/payslip would reflect this £60 deduction in tax.

Who would you suggest I contact to resolve this??

Beancounter

CLAPTON wrote: »

you probably ought to be on tax code 603L and not 603L WK1
ask your payroll people why.... did you give them a P45 from your last job?

Once you're on 603L the you will get a tax refund automatically

I did give them my P45 but unfortunatly, the code on that was BR. I called payroll last week and was sent a P46 which I sent in. I was told I would get a refund on the overpayment from teh BR code in a few weeks time.

Will the change from 603L Wk to just 603L happen automatically?

CLAPTON

Beancounter wrote: »

I did give them my P45 but unfortunatly, the code on that was BR. I called payroll last week and was sent a P46 which I sent in. I was told I would get a refund on the overpayment from teh BR code in a few weeks time.

Will the change from 603L Wk to just 603L happen automatically?

now the p46 has been completed your payroll department will contact the HMRC who will issue the correct i.e. 603L code.

CLAPTON

mstopham wrote: »

I have just checked my payslips after reading this thread.

My August slip shows tax code 543L
My September shows 603L
My September next pay is £10 more than August with that being accounted for by a £10 decrease in the amount taxed. My gross is the same for each month.

This looks like I have been changed on the tax code so Sept - March I will benefit, however it doesn't look like I have benefited from Apr - Aug this year.

I have worked for 3 companies, 2 as a contractor before starting a permanent job in July. I was under the impression that as previous tax etc had been sorted that my current employer/payslip would reflect this £60 deduction in tax.

Who would you suggest I contact to resolve this??

are you sure you are on a 603L code and not a 603L M1 (or similar).. is there anything written after the 603L

mstopham

CLAPTON wrote: »

are you sure you are on a 603L code and not a 603L M1 (or similar).. is there anything written after the 603L

It says 603L, However the the field across says Tax Basis - Non Cumulative (this is the same for my August pay)

gordonstights

mstopham wrote: »

I have just checked my payslips after reading this thread.

My August slip shows tax code 543L
My September shows 603L
My September next pay is £10 more than August with that being accounted for by a £10 decrease in the amount taxed. My gross is the same for each month.

Which would strongly suggest you are on a non-cumulative basis (Month 1). £10 is exactly the amount refunded each month for anyone on a month 1 basis.

gordonstights

mstopham wrote: »

It says 603L, However the the field across says Tax Basis - Non Cumulative (this is the same for my August pay)

Non cumulative = Week 1 / Month 1.

gordonstights

This might help:

Employees on a Week 1 or Month 1 code

Employees on a Week 1 or Month 1 code get an increase of £2.30 per week or £10 per month from September. But they aren't able to get the full increase backdated to April until they are back on a cumulative code or until after the end of the tax year when we review their total liability.

Taken from this page

mstopham

gordonstights wrote: »

Non cumulative = Week 1 / Month 1.

Thanks that explains it!