Moon Beever

giannpier

Hi all.

I am BR since Dec 2008 and I had my nil tax code applied already.
I have been told that Moon Beever will contact me soon and will need to pay them the tax. Everything correct but ...

I read on this forum that they will ask me to provide the last 3 payslips so they will calculate the average tax I paid and this will be the money I need to send them...but:

o I got my bonus last month, so of course I paid lot of tax.
o On November I did plenty of overtime, so I paid lot of tax too.

It means that if Moon Beever does the average of the last 3 payslip, I will end paying more tax that I am suppossed...Is this correct ?

Regards.

Merry_Gentry

You might want to consider sending them payslips going back a bit further to show that the last couple are not typical.

peachyprice

SA, the nil Tax code is backdated from the first salary you receive without tax, if the OR/Moon Beever haven't set up the payment details yet you MUST put the tax to one side, they use the last 3 payslips as a guide as to how much tax you need to pay them.
Some tax/OR offices are quicker off the mark as applying the nil tax code.

Giannpier, I would do as Merry Gentry suggest as explain the last 2 payments were exceptional, and ask them to use the 3 before that which were more normal.

startagain_2

peachyprice wrote: »

SA, the nil Tax code is backdated from the first salary you receive without tax, if the OR/Moon Beever haven't set up the payment details yet you MUST put the tax to one side, they use the last 3 payslips as a guide as to how much tax you need to pay them.
Some tax/OR offices are quicker off the mark as applying the nil tax code.

Giannpier, I would do as Merry Gentry suggest as explain the last 2 payments were exceptional, and ask them to use the 3 before that which were more normal.

I think I have misunderstood the OP when he says that he has "paid" a lot of IR. I presumed that it is after this that the nil tax code was applied.
Surely if it hasn't been stopped at source and he has been given it in his wages he must have known it wasn't his to spend?
It is not a tax refund, after all.

SA

maxmycardagain

your nil tax code will revert to normal come april 5th...

Merry_Gentry

startagain wrote: »

I think I have misunderstood the OP when he says that he has "paid" a lot of IR. I presumed that it is after this that the nil tax code was applied.
Surely if it hasn't been stopped at source and he has been given it in his wages he must have known it wasn't his to spend?
It is not a tax refund, after all.

SA

I don't think the OP has spent it - I think he's waiting to hear from Moon Beever who will ask him for his payslips, then calculate how much he will be paying them. Until then, he will just keep aside a chunk of his salary each month starting from when the nil tax was applied (December 2008).

peachyprice

I think what he means is that he earned more than his normal wages in the last 2 months, because of over overtime and xmas bonus so he paid more tax than normal. Now his wages have gone back to normal, but if they look at the last 2 payslips and use the tax he paid on all the OT & bonus as a guide to how much he should be paying it will be too much, so they need to look at some older payslips that show his basic salary and how much tax he pays on that, otherwise he'll be paying MB too much and will be out of pocket.

startagain_2

peachyprice wrote: »

I think what he means is that he earned more than his normal wages in the last 2 months, because of over overtime and xmas bonus so he paid more tax than normal. Now his wages have gone back to normal, but if they look at the last 2 payslips and use the tax he paid on all the OT & bonus as a guide to how much he should be paying it will be too much, so they need to look at some older payslips that show his basic salary and how much tax he pays on that, otherwise he'll be paying MB too much and will be out of pocket.

OK - this may well be something new to me here.
I thought that the tax paid to the OR after a nil tax code was applied would be an amount based on the exact tax due from your salary on a month to month basis.
Does this mean that it is an average amount worked out from a selection of payslips, whether they be past,present or future?
It doesn't really apply to me because I don't expect a nil tax code this close to the end of the tax year (but who knows) but I hadn't realised it is a set amount.
This can't be easy if your income varies from month to month like mine does.
SA

Merry_Gentry

I thought that the tax paid to the OR after a nil tax code was applied would be an amount based on the exact tax due from your salary on a month to month basis. They won't know what that is as it's a 'future' date and you pay it back to them monthly.

Does this mean that it is an average amount worked out from a selection of payslips, whether they be past,present or future? It is the average normally based on your last three payslips.

It doesn't really apply to me because I don't expect a nil tax code this close to the end of the tax year (but who knows) but I hadn't realised it is a set amount. Well they were still applying it in December 08 so you may well get one.

This can't be easy if your income varies from month to month like mine does.
Which is why they do it as an average - if your income is that variable, you might have to supply quite a few payslips.

startagain_2

Merry_Gentry wrote: »

I thought that the tax paid to the OR after a nil tax code was applied would be an amount based on the exact tax due from your salary on a month to month basis. They won't know what that is as it's a 'future' date and you pay it back to them monthly.

Does this mean that it is an average amount worked out from a selection of payslips, whether they be past,present or future? It is the average normally based on your last three payslips.

It doesn't really apply to me because I don't expect a nil tax code this close to the end of the tax year (but who knows) but I hadn't realised it is a set amount. Well they were still applying it in December 08 so you may well get one.

This can't be easy if your income varies from month to month like mine does.
Which is why they do it as an average - if your income is that variable, you might have to supply quite a few payslips.

My income is dropping dramatically from February onwards - hence the BR. I shall be stuck if it is on the last one, two or three payslips.
SA

peachyprice

startagain wrote: »

OK - this may well be something new to me here.
I thought that the tax paid to the OR after a nil tax code was applied would be an amount based on the exact tax due from your salary on a month to month basis.
Does this mean that it is an average amount worked out from a selection of payslips, whether they be past,present or future?
It doesn't really apply to me because I don't expect a nil tax code this close to the end of the tax year (but who knows) but I hadn't realised it is a set amount.
This can't be easy if your income varies from month to month like mine does.
SA

Yes, correct. Because Moon Beever are just a bunch of solicitors acting on the OR's behalf they won't be working out your tax each and every month once you have been paid, they'll take an average.