2nd job

penda_2

hi all

i currently have 2 part time jobs totaling lees than 10k but im told i have to still pay tax as i have a 2nd job
is this correct? seems a bit unfair

thanks in advance

penda_2

Thanks for your reply, I have spoken to HMR and they have split my code but I still end up paying tax.
So this means I'm penalised for having a second job even though both incomes total less than 10k or am I wrong

zygurat789

penda wrote: »

Thanks for your reply, I have spoken to HMR and they have split my code but I still end up paying tax.
So this means I'm penalised for having a second job even though both incomes total less than 10k or am I wrong

If what you have told us is true then you are wrong.
You can tell HMRC how much coding to give to each job.
From what you say the income from both jobs from 6/6/14 to 5/4/15 is less than £10,000. Just tell HMRC how much each job is.
You will need to check at the year end to make sure you calculated the figures correctly.

goldtop

Do you earn the same amount each week / month. If so and your not earning over the 10K no tax is payable if the codes are correct. However if your paid on an hourly/session basis (like in restaurants) then one payslip could be high and the next lower in which case you could be paying tax on one and getting a rebate on the next as its done on a running total. At the end of the year if you have paid tax and still earned under 10K then you can reclaim it on a self assessment.

zygurat789

goldtop wrote: »

Do you earn the same amount each week / month. If so and your not earning over the 10K no tax is payable if the codes are correct. However if your paid on an hourly/session basis (like in restaurants) then one payslip could be high and the next lower in which case you could be paying tax on one and getting a rebate on the next as its done on a running total. At the end of the year if you have paid tax and still earned under 10K then you can reclaim it on a self assessment.

No need for all that, just do it by post.