PAYE- how does it work?

chatta

jaffa30 wrote: »

Only 40 posts to work that out, by you are quick off the mark today:rolleyes:

He had to backtrack on account of someone reading his threads elsewhere

Ted_Bloke

Look up the hmrc site !!!!!!.
They try to make it understandable.
Basically people who started work in the middle of the tax year are lucky in a way. Their annual income has been relatively low and therefore so is their tax bill. The next year you are not so lucky as if you stay in employment all year you pay the full annual tax rate. Some people regard it as a consolation that they had an income for the whole year.:rolleyes:

While you are at their site, tarry to see whether there is anything about jobs and careers with hmrc. They are looking for trained analytical minds able to quickly sieze the essence of a problem.

Oh well, another career closed off to you. :sad::D

LandyAndy

badmumof1 wrote: »

I think its BR for a second job

Yes BR for Basic Rate. You pay 22% on all your earnings with that employer.

LandyAndy

badmumof1 wrote: »

I have spoken to the tax office and they said they would sort it out for me before April over the phone.
The guy even offered to ring me back but cos i said i was monthly pay and my next pay was due 26th dec i said it wasnt necessary for him to ring me on boxing day
Im not fussed when i get the refund as its nice knowing that i will get money back and i havent missed the money out of my wages that much.
hubby posted off the p91 form last week so i guess it wont be till after the new year that it will be looked at.

Ah. I see. To sort it out before April they will have to issue you with a revised tax code (not on a week 1 / month 1 basis) in time for your employer to use it before the last pay period of this tax year. That way the refund will come in the pay packet for that week/month.

studentphil

You do try to upset me by making out I will end up in jail for tax I don't even owe and if I do ever owe any tax it won't be millions maybe no more than 200 pound from overtime.

LandyAndy

studentphil wrote: »

You do try to upset me by making out I will end up in jail for tax I don't even owe and if I do ever owe any tax it won't be millions maybe no more than 200 pound from overtime.

You just need to hope that no one from HMRC reads MSE.:D

Otherwise they might just feel obliged to get their own back for some of your posts:rolleyes: .

Now, for God's sake, post about something else and stop making me think about work.;)

LandyAndy

Ted_Bloke wrote: »

Look up the hmrc site !!!!!!.
They try to make it understandable.
Basically people who started work in the middle of the tax year are lucky in a way. Their annual income has been relatively low and therefore so is their tax bill. The next year you are not so lucky as if you stay in employment all year you pay the full annual tax rate. Some people regard it as a consolation that they had an income for the whole year.:rolleyes:

While you are at their site, tarry to see whether there is anything about jobs and careers with hmrc. They are looking for trained analytical minds able to quickly sieze the essence of a problem.

Oh well, another career closed off to you. :sad::D

I can see it now.

'studentphil loses 30m personal records'.

Edinburghlass_2

studentphil wrote: »

You do try to upset me by making out I will end up in jail for tax I don't even owe and if I do ever owe any tax it won't be millions maybe no more than 200 pound from overtime.

So you signed a form for the tax year knowing that you wouldn't be a student for the whole of the tax year and haven't as yet let the tax office know this?

What is your tax code from your "current" employer, you'll find it on the little form you get with your pay details every month.

studentphil

Edinburghlass wrote: »

So you signed a form for the tax year knowing that you wouldn't be a student for the whole of the tax year and haven't as yet let the tax office know this?

What is your tax code from your "current" employer, you'll find it on the little form you get with your pay details every month.

I signed a form for tax year 06/7 saying that I didn't think that I would be earning over my personal allowance.

522L is my code.

studentphil

I have worked out what I have earnt to date and then added on three month's basic pay and the total comes under my personal allowance, so I won't owe any tax unless I do some overtime.