new job, emergency tax code and notifying

techmob

i have been a house husband for 5 years and do not have a p45, so i would have to fill in a p46 and then be put on an emergency tax code

does anyone know how long i would be on a emergency tax code for?

i will then have to notify the working tax credits of the change, but if i do so, i would not be able to afford to live while getting taxed so heavily

would it be ok for me to notify them once my tax code is correct, or do i have to notify them straight away, if i did that then the working tax top up would be stopped and i still would struggle until i got paid from the new job, but with that being emergency tax we couldn't afford it

not sure what i should do , as we cant afford to struggle while we are on a cheap tax code

p.s i want to and will notify them of the changes without a shadow of doubt, but i have things to think about, but the last thing i want to do is run into trouble, and getting a job seems to possibly cause more trouble than i thought initially. if i notify them straight away and they adjust/stop the money, we would struggle and couldnt afford it until we got paid, and then it would be highly taxed

you get the point!

Conor_3

Chances are you'd be put on a Week 1 tax code which isn't a BR one so you'll pay tax as you would do if you'd given them a P45. However the difference between BR and a normal tax code is only £31 a week, i.e if you were on £200 a week on your normal tax code, your stoppages would be roughly £30 but on BR, £61 - you pay 31% of tax on the first £110 a week you'd normally get tax free but everything above that is at the same rate it would be on your correct tax code.

clairec79

You sign something (possibly a P46) saying 'I have not been in paid employment since April 6th' and they'll sort of your proper tax code - should be fine straight away

tigtag02

Conor wrote: »

Chances are you'd be put on a Week 1 tax code which isn't a BR one so you'll pay tax as you would do if you'd given them a P45. However the difference between BR and a normal tax code is only £31 a week, i.e if you were on £200 a week on your normal tax code, your stoppages would be roughly £30 but on BR, £61 - you pay 31% of tax on the first £110 a week you'd normally get tax free but everything above that is at the same rate it would be on your correct tax code.

Conor - do you just make it up as you go along

BR tax is 20% on everything you earn.

NI is 11% on everything over £105 per week.

The emergency tax code is 543L and providing that you dont have any other income would be the same as your *correct* tax code so you would not be intially be taxed heavily.

Providing you tick box A on the P46 there will be no probs, no BR tax and no overpayment in tax.

You would need to inform TC's immediatley.

HTH