Is it too late to sort out tax rebate?

brendanb581

I have 2 jobs, and I have left this tax rebate too long (don't ask why)

well it's only been since september, but is that too long ago to claim a tax rebate?

I don't know how to split my tax, I am at uni at the moment, my first job earns me about £400-450 a month. My 2nd job is not set shifts, i choose when to do it so about £100-200 a month.

How shall i split these tax codes between the 2 jobs?

Also, when I ring up to claim a rebate, what do I need? I only have the pay slips from both of the jobs and nothing else?

Thanks people

Mikeyorks

What are the Codes at the moment? I assume one, at least, is 'BR'

You should have the standard £7475 allowance (Code 747L)? The approximate split would be 510L on the higher paid job - and 237 on the lower paid. But you need to tinker a bit with closer figures if you refine the monthly earnings from each.
You look to be below the overall threshold - so should be able to just keep from paying tax on each. You'd need to ring HMRC to arrange the split. A Refund via pay should then happen once the new codes are applied - so long as you get them sorted for March pay.

brendanb581

Mikeyorks wrote: »

What are the Codes at the moment? I assume one, at least, is 'BR'

You should have the standard £7475 allowance (Code 747L)? The approximate split would be 510L on the higher paid job - and 237 on the lower paid. But you need to tinker a bit with closer figures if you refine the monthly earnings from each.
You look to be below the overall threshold - so should be able to just keep from paying tax on each. You'd need to ring HMRC to arrange the split. A Refund via pay should then happen once the new codes are applied - so long as you get them sorted for March pay.

Thanks for the response.

I get either £400-450 from my first job, and my other job varies, can be £0 a month... could be £200 a month.

If i chose to be under the overall limit and not pay tax, what happens if i get overtime at work some months and then i'm on the way to going over?

At the moment i'm paying 20% tax on my main job, and 0% on the other .

Mikeyorks

What Codes apply to each job?

brendanb581

Mikeyorks wrote: »

What Codes apply to each job?

Can't find my payslip for my 2nd job atm but my main jobs tax code says : 0T WK1

brendanb581

That was my first pay slip, trying to find my more recent one ...

Mikeyorks

OK - don't worry too much. As it's clear things are the wrong way round. You're entitled to £7475 of personal allowance this year. From your rough figures ..... (not clear if you started one of these jobs part year? In which case I'm giving you rubbish - but the general theme still fits) ... you're going to be marginally under that.



It's always difficult juggling the allowances when you're close to thresholds and pay fluctuates - but you appear to have 2 choices :

1. Simply get them to put your full allowances to the main job and 'BR' to the subsidiary one. It's the way 2 x jobs usually work - but it will result in your overpaying overall and reclaiming after April. Tidy - but not logical in your case.
2. Split the allowance as £5100 on the main job and £2375 on the subsidiary. Or tweak those figures a bit - so long as they add to £7475. You're attempting to keep the allowance as close to your expected pay as possible. Much closer than option 1 but still has the risk you could have unused allowances on the one job and go into paying tax on the 2nd. Not much you can do about that - you still reclaim after the year end.

brendanb581

Mikeyorks wrote: »

OK - don't worry too much. As it's clear things are the wrong way round. You're entitled to £7475 of personal allowance this year. From your rough figures ..... (not clear if you started one of these jobs part year? In which case I'm giving you rubbish - but the general theme still fits) ... you're going to be marginally under that.



It's always difficult juggling the allowances when you're close to thresholds and pay fluctuates - but you appear to have 2 choices :

1. Simply get them to put your full allowances to the main job and 'BR' to the subsidiary one. It's the way 2 x jobs usually work - but it will result in your overpaying overall and reclaiming after April. Tidy - but not logical in your case.
2. Split the allowance as £5100 on the main job and £2375 on the subsidiary. Or tweak those figures a bit - so long as they add to £7475. You're attempting to keep the allowance as close to your expected pay as possible. Much closer than option 1 but still has the risk you could have unused allowances on the one job and go into paying tax on the 2nd. Not much you can do about that - you still reclaim after the year end.

What do you mean by starting job part year?

I'm not too sure which option I will take yet, damn it. I wish the limit was £10,000! haha (don't we all)

Mikeyorks

brendanb581 wrote: »

What do you mean by starting job part year?

It was your 'well it's only been since September' ..... which kind of planted the seed one of the jobs may have been from then?

brendanb581

Mikeyorks wrote: »

It was your 'well it's only been since September' ..... which kind of planted the seed one of the jobs may have been from then?

Both of my jobs started in September lol. Was looking for a part time job while at uni and 2 came along at once (after looking for over a year). My main job is 2 shifts a week whilst my other, I just choose when to do it... I haven't actually done my other job for over 2 months... so I may go with the first option actually.

Mikeyorks

That makes a real difference if you had no income prior to September (in this tax year). As the £450 etc only applies to half the year.

So I would definitely go with the 2nd option - as you will then pay no tax this year (refund from the 1st job, via pay, as soon as you get the Codes in place). And it will more or less keep you right in a full year.

Ring HMRC and ask they split your allowance :

http://www.hmrc.gov.uk/incometax/check-multiple-codes.htm#3