BR tax code

woolysheep

I agree with the total tax deductions if it was from week 1 of the new tax year, but up until mid June they were not taxing me at all and I had a tax code of 335L. So, do you think they are taking back owed monies and I will go back to paying £14-£16 tax per week, otherwise it would not be worth working for £55 pw?

nomunnofun

woolysheep wrote: »

I agree with the total tax deductions if it was from week 1 of the new tax year, but up until mid June they were not taxing me at all and I had a tax code of 335L. So, do you think they are taking back owed monies and I will go back to paying £14-£16 tax per week, otherwise it would not be worth working for £55 pw?

Yes - that is what will happen. However, I should also say that your second employer could have contacted HMRC when noting that more than 50% of your gross salary in tax. There certainly used to be a regulation to say that this was not possible, certainly with K codes, and maybe someone can confirm that this is the case. I note that you paid £100 in tax out of £147 gross wage which would appear to be the 'claw back' from the start of the tax year.

jem16

woolysheep wrote: »

I agree with the total tax deductions if it was from week 1 of the new tax year, but up until mid June they were not taxing me at all and I had a tax code of 335L. So, do you think they are taking back owed monies and I will go back to paying £14-£16 tax per week, otherwise it would not be worth working for £55 pw?

Yes it is them taking back owed money.

However in your main job you will get back an awful lot more tax than the extra tax you paid in this employment so you will be better off when you add both incomes together.

With the codes the wrong way round, you were paying about £170pm more tax that you needed to.

After both sources of income have sorted out the underpaid/overpaid tax, the following month will see you being taxed correctly.

woolysheep

Thank you so much for your help.
Take care,
Wooly