can anyone explain this underpayment please?

chrisbur

note3 wrote: »

Hi, the figures I gave in my second post were the ones from the p800 calculation.

I'm off work at the mo and just moved so will have to hunt through for tax code I was on. I suspect I need to contact work now and ask what figure they gave to the taxman for the medical benefit as I've received this benefit for nearly a decade so I can't understand why it would suddenly be wrong one yr.

My second job was sporadic pay and through an agency who I've checked definately sorted out tax on my behalf as I was concerned that maybe this had caused the underpayment.

It's frustrating as I naively thought being PAYE made things like this straightforward without surprise tax bills

As advised before if you can give separate pay and tax figures for each employment we can check if there has been any problem there. Tax may well have been sorted out but I feel it is worth checking if it was sorted correctly.

note3

Thanks I didn't know I could do that. It says my tax code was 1041L and that I had a taxable insurance benefit of 99 and taxable medical benefit of 90. I'm thoroughly confused as on the p800 it said the benefit was 98!

note3

Right so... tax code was 1041L

Job 1:
Earnt £14,300 (says figure goes up to April 2015)

Job 2:
Earnt £2,733 (says figure goes up to Dec 2015)

Total = £17,033
Then it says total taxable income is £17,223

note3

After tax free allowance I paid tax on £6,623 and it says the tax was £1324.60. Unfortunately it doesn't break it down into different jobs

chrisbur

note3 wrote: »

Right so... tax code was 1041L

Job 1:
Earnt £14,300 (says figure goes up to April 2015)

Job 2:
Earnt £2,733 (says figure goes up to Dec 2015)

Total = £17,033
Then it says total taxable income is £17,223

Tax code of 1041L for 2014/15 is higher than the normal allowance have you got the coding advice that explains how it was arrived at?
For job 2 you need the earnings for 2014/15 ie paid up to last payday up to 5 April 2015.
Tax for each job needed eg from P60 or last payslip for the tax year.

chrisbur

note3 wrote: »

After tax free allowance I paid tax on £6,623 and it says the tax was £1324.60. Unfortunately it doesn't break it down into different jobs

Where have these figures come from?

note3

chrisbur wrote: »

Where have these figures come from?

It came from the online tax account that I logged into. I'll have to dig out my other paperwork to be more specific on anything not shown as the stuff online was very basic and not broken into two parts for each job.

chrisbur

note3 wrote: »

It came from the online tax account that I logged into. I'll have to dig out my other paperwork to be more specific on anything not shown as the stuff online was very basic and not broken into two parts for each job.

There seems to be a variety of figures you have I think we do need to get back to the exact figures for pay and tax for 2014/15. As said in post 16 we should start with your end of year figures for each job, ideally from your P60s but failing that from last payslip of the year for each job. Tax code at end of year, taxable gross and tax paid.
Also tax advice regarding the 1041L tax code.

note3

Thanks, I'll have a look for papers for that info as we've recently moved so I'm not as organised as usual. Thanks for your help, sorry it sounds like it's not as straight forward as I hoped

Gizmo247

chrisbur wrote: »

There seems to be a variety of figures you have I think we do need to get back to the exact figures for pay and tax for 2014/15. As said in post 16 we should start with your end of year figures for each job, ideally from your P60s but failing that from last payslip of the year for each job. Tax code at end of year, taxable gross and tax paid.
Also tax advice regarding the 1041L tax code.

.. and P11D for the taxable benefits