We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Income Tax Help

Hi all,

I have been in communication with the tax office for a while now trying to sort out my last 2 tax years with P45's and various information going both ways.

When all was sorted Revenue and Customs sent through a tax calculation for the year 2006/07 which is as follows.

Job 1 Income - £8630 Tax - £1101.51

Job 2 Income - £223 Tax - £49.16

Job Seekers Income - £949 Refund - £395.72

Job Seekers Income - £280 Refund - £52.35

Total Income - £10082 Total Tax - 702.60

Personal Allowance - £5035

Income tax is chargeable on this amount - £5047

Tax on £5047:

Starting rate at 10.00% on £2150 = £215
Basic rate at 22.00% on £2897 = £637.34

Total £852.34

£852.34 - £702.60 = £149.74. They are saying i owe them £149.74 in tax now.

The only P45's i can find for the year 06/07 are Job 1 - Income £8350.98 Tax - £1153.82 and Jobseekers Income £949.

I was just woundering would anyone be able to tell me if the information they have sent me is correct as the pay i have on my P45 and what it says on the tax calculation are different.

Sorry for all the info, thanks for any help. :A

Comments

  • fengirl_2
    fengirl_2 Posts: 4,530 Forumite
    They can only go on the information provided by your employers. If your P45's show something different, then you need to send them copies of these and ask them to check with your ex employers.
    £705,000 raised by client groups in the past 18 mths :beer:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603.2K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.