We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Tax Rebate Help!
username91_2
Posts: 3 Newbie
in Cutting tax
My boss pays me in cash and pays my tax aswell and I recently got a large tax rebate in my name but he is saying that the money is his and not mine. I just want to know if he is right saying that it is his money or if I should just keep the money for myself??
0
Comments
-
My boss pays me in cash and pays my tax aswell
Please can you explain exactly how this works?0 -
he pays me in cash at the end of every week and pays my tax i don't get a wage slip or anything so i don't know how much tax i've been paying0
-
It sounds like the op is on the dreaded net pay scheme - used to be very common but less so now. I never could understand the logic of this. An employer could pay two employees £150 net pay per week, one on a code BR, the other with full personal allowance with the former costing him/her a fortune.
These schemes are perfectly in order - not much the op can do in my opinion. However, very much entitled to a wage slip by right - always important to check that NI and tax deductions are made and paid and declared to HMRC.0 -
I was on the BR tax code but i am now on a normal tax code. Just confuses me as to why my employer thinks my tax rebate money is his0
-
username91 wrote: »I was on the BR tax code but i am now on a normal tax code. Just confuses me as to why my employer thinks my tax rebate money is his
Normally it wouldn't.
However if you are on a net pay contract it would. What does your contract say?0 -
I don't suppose the OP is a nanny but this type of thing? http://www.nannytax.co.uk/a-net-wage-agreement-can-be-costly
And he is now on a normal code (net pay agreement no longer practical) because of the Real Time Reporting to HMRC? http://www.payefornannies.co.uk/parents/net_vs_gross.htm
OP, you should be getting a payslip. Are you sure your NI is being paid?0 -
I have just found this http://www.hmrc.gov.uk/payerti/payroll/special-pay/free-of-tax.htm
http://www.taxation.co.uk/taxation/Articles/2012/08/29/46061/caught-net This discusses the question of tax rebate and ownership.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards