Tax Question

CovOne

Scenario:
I'm Currently employed at two jobs, the 1st job (main Job) according to the Inland Revenue i am working at very little and this is the job where i pay hardly any tax whatsoever, the 2nd job which i have been working at alot has been stinging me with alot of tax deductions, my tax code for that job is BR M1 which i gather is basic rate with an emergency tax code ??

My question is how do i go about claiming back the emergency tax and secondly how easy is it to change of the 2 jobs so that my newer 2nd job is the main job so i pay less tax on it.......

Any help would be appreciated :j

raa_thistle

To change which job has which tax code I beleive you just contact the tax office (on either of your payslips) and ask them to do it - they may send you a form.

To claim back overpaid tax fill in a form R40 (available from HMRC.gov) with all the details. It takes a while, but then you get a nice fat check. Alternatively if the change of tax code for the employers has gone through you may get an amendment in your tax code for this year.

Its all fairly simple, but just takes a bit of time. If you are really stuck as your payroll dept. (if you have one) or phone the tax office, they are very helpful.

soylent_pink

You should call the tax office for your 2nd job to have both jobs switched, and your main code applied to it, but you will not be able to claim your tax back til end of year as this is when HMRC become aware of the amount of your earnings. The only time you would certainly get it back within the tax year is if you had left one of the jobs. To claim at EOY you need to send your P60s and P45s with a covering letter to the appropriate service office. Do not request an R40 as this is for repayment of tax from investment income. There is no specific form to reclaim tax from employment income. If you earn less than £5035pa from the main employment it may be possible to reclaim the tax mid year by splitting your tax code but this cannot always be done and will depend on your individual circumstances and employment history in the current fiscal year.

I work in the Revenue.

raa_thistle

At EOY you can use an R40 form to claim back tax from pretty much any source. The first few boxes are for dividends, unit trusts etc, but box 4 is from any taxable earnings. From the notes on filling out form R40

Section 4 - Earnings, pensions (other than statepension) and other income taxed before receipt
Note 4a Earnings
Please enter the figures from your form P60 which your
employer should have given you. If you left your job during the year you should enter the pay and tax figures shown on your form P45. You should also enter your employer's name in the 'Name of payer' section and enter a 'Tick' in the 'P45/P60' section to show that the details came from one of these forms.

I used this form in exactly the same situation as you, to claim back tax I had overpaid, and got a cheque in about 6 weeks.

Also, DO NOT send original copies of documents in the first instance. If they get lost you are stuffed! With the R40 you dont have to send in anything unless the subsequently ask you for it.

The first thing to do though is to call the tax office and get them to switch the jobs.

kr15snw

I used to have my main job and my second job, recently I have given up my main job and my second job as become my only job. I have not let the tax office know but as I am not going to go over my tax code can I claim all tax paid back in april?

If so Im not going to get my tax code changed as Im finding its a nice way to save (I lose about £50 a month to tax).