Second job tax code?

linniestorm

Hmm, on reading this thread I have just realised I may have royally ****** up my tax situation this calendar year. Possibly.

I started my new job in January 08, but because of the patterns of working agreed to stay on at my old job for 8 hrs a week until the end of may when they would be closing down. So on my old job (which is really my second job as my new job is 29.75 hrs a week and more money but old job did used to be my only main job) I was taxed at 522L CUMUL until April 08 when the code became 543L CUMUL. My new job (started in Jan 08) was on the tax code BR NONCUMUL until the new tax year in April 08 when it became BR CUMUL.

Because it wasn't a normal tax code (i.e. with numbers) I did an internet search and realised it was for second jobs and thought that's fine, but I've now realised I've probably had the wrong code on the wrong job all the way through (my second 8hr week job ended end of May)

So my query is how to right this. Obviously I haven't submitted my P45 from last job so that will be somewhere in my papers here. Should I just do that and it will all straighten itself out? Or should I ring the tax office and explain to them?

I'm just wondering if anyone knows how this will play out. Will there will be some rejigging and perhaps a small refund somewhere? (I'm trying not to sound too hopeful there, but no denying that would be lovely!!!) Not sure though whether this will be through my wage or a cheque HMRC send out end of this tax year? Thanks for any help anyone can give! As you can probably tell, tax not my strong point!

**Edit: Or is it worth me going down there with my payslips do you think and seeing if it can be sorted out in person? I'm assuming you can go in? We have quite a big tax office in my town, though I can't say I've ever been in there!

dzug1

If your P45 is for the current tax year then submit it to your employer and all should work itself out with either a refund or at least less tax through your pay packet.

You probably paid correct tax in 2007/08 though it does depend on your total earnings in the job that used the 522L tax code.

Valli

Linnie
Your local Tax Office may not be your tax office IYSWIM...you need to check P60s and P45s. Try Inland Revenue online...
Tax offices are allocated to employers, not by where YOU live. One of mine was in Edinburgh!

jollyjojo

Hi I am after a litle bit of advice!

I currently have a part time job that I earn anywhere between, £40.00 -£100 per week depending on how busy I am. For this I am an employee.

I have been offered another small part time job where I would earn approximately £50 per week. This job I would need to be self-employed and produce monthly invoices for the company.

My question is am I able to be employed and self employed. Would I be better my asking my original boss if I can go self employed with him and just fill in a tax return each year? The nature of the work for both jobs is secretarial and I work both from the offices and home.

Any help will be greatly appreciated.

Jo

danny69

I have two jobs, just started the second last week. I wondered where I stand with regards to NI Contributions. I will earn enough to pay NI Contributions on both jobs, but was wondering where I stand with regards to the state pension. I have read about needed X number of years of contributions, but im not sure what that means. Can somebody please clarify (or point me in the direction of where to find info on) the situation regarding contributions? I earn roughly £120 pw in one jobs, and £130pw in the other. I know the upside of having two jobs is that I will get 2 NI allowances, but there must be some downside to this?

trevormax

Jollyjojo you can be on both SA and PAYE. You would use your personal allowance on your PAYE job and at the end of the year when you fill in your SA return, any unused allowances would go against your net profit from your SA income. Going by those figures (£100/week PAYE and £50/week SA) you would end up with about £300-£400 to pay in January.

jollyjojo

trevormax wrote: »

Jollyjojo you can be on both SA and PAYE. You would use your personal allowance on your PAYE job and at the end of the year when you fill in your SA return, any unused allowances would go against your net profit from your SA income. Going by those figures (£100/week PAYE and £50/week SA) you would end up with about £300-£400 to pay in January.

Thank you for you quick reply:beer:

marvinmartian

Hi. I have a question. I am about to start a new job. It is full time and my only job. I know that in some months I will get a better job that will become my main job, but I will keep my previous job as a part time one.
The first job pays minimum wage so will not be making much, either full time or part time. What tax code should i use on the first job and how do I change it to make it my second job in two or three months? Thanks

jem16

marvinmartian wrote: »

What tax code should i use on the first job and how do I change it to make it my second job in two or three months? Thanks

If it's your only job you should be given the tax code 603L - just make sure you hand in a P45 or complete a P46.

When you start your 2nd job that job should be given the code BR. At that point you can phone HMRC and decide which job should be allocated your main tax code.

marvinmartian

Thanks a lot Jem16 for your help.:j