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Tax code help please

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Tenthghost
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Joined: 18 May 2003
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PostPosted: 14:09 - 02 Jul 2004    Post subject: Tax code help please Reply with quote
now i keep getting taxed as a student and its really pissing me off and now the inland revenue is telling me that there is no student tax code is this bollocks or is it true if so how comes i didnt get taxed when i worked at sainsburys when i was a bit younger.
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McJamweasel
BCF Junkie



Joined: 22 Mar 2002
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PostPosted: 14:14 - 02 Jul 2004    Post subject: Reply with quote
Speak to your tax office, they can check everything out for you and issue a rebate if its necessary. You will get taxed as a student. If at the end of the year your earnings fall below your tax threshold then you will automatically receive a rebate.
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Tenthghost
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Joined: 18 May 2003
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PostPosted: 14:17 - 02 Jul 2004    Post subject: Reply with quote
This has not been the case this year. I've had to ring up the place in scotland all to get some very blunt answers. And all they seem to want to do is get you off the phone Tesco is not very helpful neither as they just fob you off. If i could just find the tax code from somebody i would actually have something to go on.
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McJamweasel
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Joined: 22 Mar 2002
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PostPosted: 14:18 - 02 Jul 2004    Post subject: Reply with quote
Individuals tax code's are different.

The only thing youcan do is speak to the tax office.
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Tenthghost
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Joined: 18 May 2003
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PostPosted: 14:20 - 02 Jul 2004    Post subject: Reply with quote
I thought now all of the tax issues if you had any you would have to ring up scotland.
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McJamweasel
BCF Junkie



Joined: 22 Mar 2002
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PostPosted: 14:21 - 02 Jul 2004    Post subject: Reply with quote
You call whichever tax office is responsible for your employer. Generally its the one local to their head office, which in your case may be in Scotland. It may be worth a visit to your local one anyway to see if they can be of any help. Chances are they won't have access to your record tho.
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Mr C
World Chat Champion



Joined: 24 Feb 2003
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PostPosted: 14:28 - 02 Jul 2004    Post subject: Reply with quote
yau can also get a free half hour of financial advice from any high street financial advisor - lookk in yellow pages under "Tax accountants" - not sure if they have to but most will give a half hour free from my experience
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tgabber
Crazy Courier



Joined: 03 Jun 2004
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PostPosted: 14:56 - 02 Jul 2004    Post subject: Reply with quote
Mr C wrote:
yau can also get a free half hour of financial advice from any high street financial advisor - lookk in yellow pages under "Tax accountants" - not sure if they have to but most will give a half hour free from my experience


Yeah, but the whole point of the free half hour will be to convince you that you tax problems are so bad that you need to hire them for several hours at normal rates - or to flog you stuff ...

Can you tell that I've had bad experiences with 'financial advisors'?
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Mr C
World Chat Champion



Joined: 24 Feb 2003
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PostPosted: 15:02 - 02 Jul 2004    Post subject: Reply with quote
nope I have had very honest assessments

ie

sorry your tax code is correct and we can't help you

and I fill in a tax return, have a company car, travel abroad, claim expenses, lived abroad, company mobile phone etc.

so mine is NOT simple

but I had it right and they were honest and said they couldn't help

all in a free half hour
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cagiva gezzer
World Chat Champion



Joined: 17 Mar 2003
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PostPosted: 18:17 - 02 Jul 2004    Post subject: Reply with quote
My tax code is "NI" and i'm a student not paying tax.

To get it, i filled in a form that declared that i was not going to earn over £4,6?? this year and was attending XYZ uni.

Its up to you to contact your employer, so go find your manager, or whoever deals with wages.
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MarJay
But it's British!



Joined: 15 Sep 2003
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PostPosted: 19:30 - 02 Jul 2004    Post subject: Re: Tax code help please Reply with quote
Tenthghost wrote:
now i keep getting taxed as a student and its really pissing me off and now the inland revenue is telling me that there is no student tax code is this bollocks or is it true if so how comes i didnt get taxed when i worked at sainsburys when i was a bit younger.


You didn't get taxed when you worked at sainsbuys because you earned less than the personal allowance. Your tax code is entirely dependant on the amount of money you earn in a year (and a few other things, such as if you have PPE provided by the company (personal protective equipment) you get an allowance for washing it etc. this is usually only a few quid anyway)

I believe that the personal allowance currently stands at around £4500 ish. Basically what this means is you won't get taxed on anything you earn under that amount. Say you earn £4600 and the tax level was ten percent, you would only get taxed ten percent of anything over £4500 which would be ten percent of £100. You would pay £10 tax.

Students are NOT exempt from this personal allowance, they just more often than not, do not earn over the allowance.

The ONLY time when your tax may be calculated unfairly is when your current employer does not have a running total of your earnings throughout the year. This is when you get an 'emergency' tax code. This emergency tax code means that the Revenue assume that you have already earned over the personal allowance and you get taxed on the full amount that you have been paid. This can be rectified by handing in your P45 to your new employer, or filling in a P46.

It is a commonly held misconception that students do not pay income tax, and it is a question that is often asked at my girlfriends office. The dumb thing is, most employers don't even know how the system works themselves!

Sorry to rain on your parade Tenthghost, but you can't dodge PAYE!

And to McJam - normally the tax office that deals with a particular company is not in the same town as the company. This is in order that Inland Revenue employees don't change the records of their friends (or even their enemies!).

HTH!
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carvell
Scuttler



Joined: 05 Sep 2003
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PostPosted: 20:36 - 04 Jul 2004    Post subject: Reply with quote
Indeed.

I'm always getting asked about this too. Everyone pays PAYE tax, student, company director, 16 or 45. The personal allowance at the moment is £4615.

If people bothered to read their PAYE coding notices from the inland revenue they'd know this already of course..

Bottom line is, Tenthghost, you have to pay PAYE, but if it ends up under £4615 after the year, you'll get it back.
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Tenthghost
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Joined: 18 May 2003
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PostPosted: 03:52 - 05 Jul 2004    Post subject: Reply with quote
I knew that every person in Britain gets taxed i just wanted to know how i get my tax back and if other people had been fobed off by the this tax office number you had to ring in scotland. Not peoples genreals viwes on tax and explanations of how the tax system works.
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MarJay
But it's British!



Joined: 15 Sep 2003
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PostPosted: 13:47 - 05 Jul 2004    Post subject: Re: Tax code help please Reply with quote
Tenthghost wrote:
I knew that every person in Britain gets taxed i just wanted to know how i get my tax back and if other people had been fobed off by the this tax office number you had to ring in scotland. Not peoples genreals viwes on tax and explanations of how the tax system works.

Thats not what your original post sounded like...
Tenthghost wrote:
now i keep getting taxed as a student and its really pissing me off and now the inland revenue is telling me that there is no student tax code is this bollocks or is it true if so how comes i didnt get taxed when i worked at sainsburys when i was a bit younger.


If you get taxed unfairly its usually the employers fault rather than the revenue. If you get over taxed usually your empolyer will give you the money back by not taxing you as much the next month. If it has passed the quarterly period and your employer has not given you back the money, you can claim it back from the revenue. This may not be paid back until the beginning of the next financial year. Personally I would say that if you have any issues with PAYE then speak to your employer before you ring the revenue. Smile
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