Week 1 Month 1 tax code

adonis10

Due to the job centre being utterly incompetent morons, I've received a P45 with this tax code (god knows why as they have all of my details and issued the correct P45 before I went on holiday).

This obviously disregards all tax and earnings to date so taxes me 20% on earnings but my question is, is it taxed on the entire gross pay or is the monthly personal allowance still applied?

CLAPTON

what is your taxcode?

dzug1

Depends on what the code bit is - the figure before the M1/W1 indicators.

adonis10

On the previous P45it was 953L but the most recent one is 944L

CLAPTON

944L is the standard code which means you are entitled to 9440 tax free per annum

however with a M1/W1 code you get 9440/12 per month tax free then the rest at 20%

adonis10

CLAPTON wrote: »

944L is the standard code which means you are entitled to 9440 tax free per annum

however with a M1/W1 code you get 9440/12 per month tax free then the rest at 20%

Thanks.

It says 'tax code at leaving date - 944L' but also the M1/W1 box is ticked. Where will this leave me on my first pay day?

Also, they claim not to have any tax info for me and, to date, I'm a good 2k under the cumulative allowance so should be due a refund. I've no idea why they 'haven't got tax info' as they did in August so unsure why not now!

CLAPTON

adonis10 wrote: »

Thanks.

It says 'tax code at leaving date - 944L' but also the M1/W1 box is ticked. Where will this leave me on my first pay day?

Also, they claim not to have any tax info for me and, to date, I'm a good 2k under the cumulative allowance so should be due a refund. I've no idea why they 'haven't got tax info' as they did in August so unsure why not now!

assuming you are paid monthly say Y
then your tax will be 20% of (y-9440/12)


maybe give some more details of your employment / income since April 2013

chrisbur

adonis10 wrote: »

Due to the job centre being utterly incompetent morons, I've received a P45 with this tax code (god knows why as they have all of my details and issued the correct P45 before I went on holiday).

This obviously disregards all tax and earnings to date so taxes me 20% on earnings but my question is, is it taxed on the entire gross pay or is the monthly personal allowance still applied?

If they issued a P45 before you went on holiday I assume that you must have signed off then, what did you do with that P45 and what happened between signing off and signing back on again?

adonis10

CLAPTON wrote: »

assuming you are paid monthly say Y
then your tax will be 20% of (y-9440/12)


maybe give some more details of your employment / income since April 2013

Weekly pay.

Since april:

Total pay: 5,204.27
Total tax: 145

adonis10

chrisbur wrote: »

If they issued a P45 before you went on holiday I assume that you must have signed off then, what did you do with that P45 and what happened between signing off and signing back on again?

I did indeed. I did exactly what I had to; I signed back on and provided them with the relevant parts of the P45, which they clearly lost. Morons.

adonis10

*bump*......