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Starting half way through tax year
georgiasmithson
Posts: 1 Newbie
in Cutting tax
So I had a part time job up until 19th June. I earned £1545.65 up until then (from the start of the tax year). I then didn’t start my current job until 24th August. My annual salary is £18500 and I get approx £1541 gross each month but I’m currently getting taxed £99.80 each month. My tax code is 1250L M1 which I know is an emergency tax code. My question is will I get this tax I’m paying currently at the end of the tax year?
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Comments
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Or sooner if you ask HMRC to issue the tax code on a cumulative basis.
With the earnings from the previous job included so your tax should be straight during the year.0 -
it is your responsibility to sort out your own tax code with HMRC, if you don't you will "over" pay tax until April 21
presumably you failed to give your new employer your P45 from the p/t job (if you had one?) so they have put you on a non cumulative ("Month 1") code meaning you are taxed at 20% on each month's pay in isolation rather than on the basis of total earnings for tax year to date versus personal allowance cumulative for tax year to date
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