Tax help

fengirl_2

The OP will not necessarily get a P45 from his main job as he is not paying tax, therefore there is no obligation to give him one, hence my advice.
Also, if he swaps his codes at this stage in the year, he will have big deductions of tax from the 1st job. Better to wait until the 2st job is ended and everything settled down.

Mudd14

It was under my understanding that employers legally had to give employees a P45 the only exception being when the employee is on a 'NT' tax code (they are a student and have signed a P38(S), which may be the case here?)

Correct me if I am wrong.

Brelinda

I have been reading through your post. I was just as confussed as you when I left my part time job. Whilst at college I had a part-time job (as you did) which I wasn't taxed on. When I finished college I got my first full-time job & I left my part-time job straight away.
I was taxed on my first full time job as I lost my P45 - you should always get a P45 when you leave work, as I did get one even though I paid no tax.
When April came around I was sure I had overpaid tax for the year, but didn't really understand? It's all to complicated! I went on a search engine & found a helpful website, thetaxrefundwebsite. What's even better it's free for them to assess your tax situation, they only charge when you are due a refund.

Mudd14

Why would any one use a website that would charge you to apply for a tax refund?! Sorry to be critical but you can just send your P60 off with a cover letter to the tax office and they will send the refund for you, no charges!!

TheEffect

Ok, I have my first and only (so far) payslip from the TA job. It seas the following...

Tax Code and Basis = BR MTH1
Total Gross Pay = £919.60
Tax Deduction = £183.80
National Insurance Deduction = £48.80
Total Deduction = £232.60
Net Pay = £687

Once I get the tax code changed from Basic Rate, how much less tax would I be paying?

fengirl_2

Impossible to say without knowing how much you have earned from yoour main job.

TheEffect

fengirl wrote: »

Impossible to say without knowing how much you have earned from yoour main job.

I would have earned £2000 up to when I leave from the other job. I will be on £9000 a year on the TA job (pay got backdated a week or so on my last pay slip).

DCFC79

The p45 from the first job will go straight to your TA employers, you should get 1 whether or not if you have paid any tax or not, your tax code will then maybe change to the 1 taht will be on your p45

Mudd14

Not taking into account money earnt from your first job, in a normal month the figures would be approx;

Total Gross Pay = £919.60
Tax Deduction = £83.27
National Insurance Deduction = £48.80 - same
Total Deduction = £132.07
Net Pay = £787.53

You will more than likely get less tax in the next month due to a possible overpayment on this month. As said though depends on what the P45 figures are from your part time work.

fengirl_2

Sorry to disagree, but I doubt if you will get a P45 from your main job as you are paid below the taxable limit. If HMRC are not aware that you are employed there (which they dont need to be if you are not paying tax), then they dont need to know you have left, hence no need for a P45.