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Help!! Tax Office I say I owe a fortune
Comments
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Ahhhh.
That would be the problem then. Your part time job should have been BR, so that every penny earned was taxed.
By my calcs, you earned £5568 from your PT job and 20% of that is £1100 or so.
Yep spot on!
I am sure I paid some tax thou maybe not alot but I know I did which is why I never questioned it.
What would you guys recommend I do?
I feel a bit hard done by because I didn't click as I def paid a bit of tax even thou I have not got a P60 to prove that at the moment.
Would that mean they have mis-calculated as it would suggest they have not had any tax from the other job
Also I take it I can ring my old employer and ask for a copy of the P60 or maybe the last payslip?
Thanks0 -
Did you leave the part time job before or after the end of the tax year 2102-13?
If before, did you just get a P45?0 -
Pressureboy80 wrote: »Also I take it I can ring my old employer and ask for a copy of the P60 or maybe the last payslip?
If you have not kept your payslips for the period you worked for them then this is your only option. The P60 and final payslip will probably show no tax so you need ALL the payslips to check if any tax was deducted/refunded at any time during your employment there0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
House sale OCT 2022 = NOW MORTGAGE FREE 🤗
House purchase completed FEB 2023 🥳🍾 Left work. 🤗
Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).
Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1
Living off savings diary
https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p10 -
If you PT employer was operating a tax code of 944L, then they would not have deducted any tax until you earned £9,441 in the tax year. Maybe the 'bit of tax' you think you paid was something else, national insurance maybe?
Clearly, Something Has Gone Wrong with your tax. Your personal allowance for 2012-13 was £8,105, and £9,440 for 2013-14. Which suggest that the tax code you're quoting for your PT job is the current code for this year, and not last year's. But, never mind, I think we can assume that the source of your problem is that you were given two personal allowance last year, and hence have not paid enough tax. Getting a P60 from your PT employer would confirm this.
I'm not sure there's a lot you can do about the £1,100 you owe HMRC. They've already proposed collecting it over the next tax year, which is pretty much as much time to pay as they're likely to give you.0 -
If you PT employer was operating a tax code of 944L, then they would not have deducted any tax until you earned £9,441 in the tax year. Maybe the 'bit of tax' you think you paid was something else, national insurance maybe?
Clearly, Something Has Gone Wrong with your tax. Your personal allowance for 2012-13 was £8,105, and £9,440 for 2013-14. Which suggest that the tax code you're quoting for your PT job is the current code for this year, and not last year's. But, never mind, I think we can assume that the source of your problem is that you were given two personal allowance last year, and hence have not paid enough tax. Getting a P60 from your PT employer would confirm this.
I'm not sure there's a lot you can do about the £1,100 you owe HMRC. They've already proposed collecting it over the next tax year, which is pretty much as much time to pay as they're likely to give you.
Is there anyway I could appeal it do you think? in respect to putting the blame on the employer (part-time)0 -
You cant put the blame on your employer even though clearly they have made a mistake. It was your responsibility to check you were paying the correct amount of tax, ignorance of the tax system is no defence.
I don't actually see why you feel hard done by to be honest.
Once you have paid this underpayment, you will have paid the same amount of liability as every other taxpayer in the country.
Just ring them and explain, they will change your tax code so you you will be paying it in instalments without actually having to physically pay them.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
You cant put the blame on your employer even though clearly they have made a mistake. It was your responsibility to check you were paying the correct amount of tax, ignorance of the tax system is no defence.
I don't actually see why you feel hard done by to be honest.
Once you have paid this underpayment, you will have paid the same amount of liability as every other taxpayer in the country.
Just ring them and explain, they will change your tax code so you you will be paying it in instalments without actually having to physically pay them.
I agree. The OP is gaining by not having to pay tax due in the last year until next year. Wish I could hang on to my tax payments like that - have the benefit of the money for over a year rather than handing it over when it was earned.
The HMRC letter the OP received said that they would "start to take deductions from April next year" so there is no need to call them about paying in instalments, it will be collected via PAYE in due course.0 -
Call and explain it was an error, and see if they will spread the repayments via the code over two years. I've just done this for a client, who will now only lose £40 a month instead of £80.0
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