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fc:stanley 24-09-2008 13:26

Tax
 
Good Afternoon :)

At the mo im on an apprentership and get my wages with massive chunks took out of it because of tax! I now get why people moan soooo much about this. Do i count as a student if im on a learning apprentership? If so i heard of a fellow worker that i might be able to get it back. Can anyone help , id be very greatful?

lancsdave 24-09-2008 13:31

Re: Tax
 
Quote:

Originally Posted by fc:stanley (Post 634309)
Good Afternoon :)

At the mo im on an apprentership and get my wages with massive chunks took out of it because of tax! I now get why people moan soooo much about this. Do i count as a student if im on a learning apprentership? If so i heard of a fellow worker that i might be able to get it back. Can anyone help , id be very greatful?


I'm sure there was a similar conversation with somebody a few months ago and I stand to be corrected, but students come under the same rules for tax as anybody else. The reason they rarely pay any is because they don't work long enough in a year to get past the threshold figure. If you are earning more than £6,035 a year then you pay tax.

K.S.H 24-09-2008 13:49

Re: Tax
 
Best thing you can do is just look at your take home pay, it gets frightening looking at the tax taken out especially when you lok at the total :eek:
I could live off what I give the tax men :mad:

Do you have to buy tools, boots, overall's etc? or even wash your own overall's, you can claim for these, only a bit but every little helps

fc:stanley 24-09-2008 16:23

Re: Tax
 
Yes i earn over £6,000 a year so i will have to like the rest :( oh well was worth a try. But nope i dont have to buy my own overalls etc KSH so... + yes it is frightening. I looked at it today and thought thats nearly two weeks of earnings your robbing! It was quite suprised to tell you the truth! :o

Thanks all for replies :)

jaysay 24-09-2008 16:40

Re: Tax
 
Quote:

Originally Posted by fc:stanley (Post 634382)
Yes i earn over £6,000 a year so i will have to like the rest :( oh well was worth a try. But nope i dont have to buy my own overalls etc KSH so... + yes it is frightening. I looked at it today and thought thats nearly two weeks of earnings your robbing! It was quite suprised to tell you the truth! :o

Thanks all for replies :)

Something seems wrong lee, over the allownce you only pay a propotion on the rest not all of it, have you got a tax code number? if not you maybe under an emergency code

lancsdave 24-09-2008 16:43

Re: Tax
 
Quote:

Originally Posted by fc:stanley (Post 634382)
I looked at it today and thought thats nearly two weeks of earnings your robbing!


I guess you don't get paid weekly then :D

lancsdave 24-09-2008 16:44

Re: Tax
 
You can check what you should get here :

Payslip checker

and your tax code should be 603L

West Ender 24-09-2008 17:06

Re: Tax
 
If you are in any doubt, ring the HMRC help-line and ask. The number will be in your phone book.

The person you speak to will check if you have the correct, cumulative code number and, if not, may be able to sort it out while you are on the phone.

fc:stanley 24-09-2008 19:03

Re: Tax
 
my tax code is BR :s?
I have not the foggiest what this means.
I type in my amount etc and comes up with same amount of tax on my pay slip
It must be just normal but seemed alot compared to what i earned in a month :/

West Ender 24-09-2008 19:17

Re: Tax
 
Quote:

Originally Posted by fc:stanley (Post 634456)
my tax code is BR :s?
I have not the foggiest what this means.
I type in my amount etc and comes up with same amount of tax on my pay slip
It must be just normal but seemed alot compared to what i earned in a month :/


BR means you are being taxed at Basic Rate and you have not been given any allowances. This can apply if you have 2 jobs (allowances can only be given against one employment) but it is sometimes operated by some large employers when new people start with them who haven't provided a P45(3). They shouldn't really do it, they should operate a normal code number on a week 1 basis (in other words, not cumulative) and send a P46 to HMRC, but it does mean they are covered if the employee has other employment - and so is the employee. A lot of Call Centres do it as they employ a lot of part-timers who have other jobs.

Assuming this is your only employment and you don't receive any pension or other form of taxable payment you shouldn't be on Code BR so, as I said before, ring HMRC. It shouldn't take long to sort out and you may be in line for a repayment of the tax you've overpaid. I must stress I am speaking in general terms here as I don't know all your personal circumstances. I do, however, know what I'm talking about - being ex-HMRC.

lancsdave 24-09-2008 19:29

Re: Tax
 
Quote:

Originally Posted by West Ender (Post 634465)
BR means you are being taxed at Basic Rate and you have not been given any allowances. This can apply if you have 2 jobs (allowances can only be given against one employment) but it is sometimes operated by some large employers when new people start with them who haven't provided a P45(3). They shouldn't really do it, they should operate a normal code number on a week 1 basis (in other words, not cumulative) and send a P46 to HMRC, but it does mean they are covered if the employee has other employment - and so is the employee. A lot of Call Centres do it as they employ a lot of part-timers who have other jobs.

Assuming this is your only employment and you don't receive any pension or other form of taxable payment you shouldn't be on Code BR so, as I said before, ring HMRC. It shouldn't take long to sort out and you may be in line for a repayment of the tax you've overpaid. I must stress I am speaking in general terms here as I don't know all your personal circumstances. I do, however, know what I'm talking about - being ex-HMRC.


No wonder he is paying tax to keep the whole nation going :)

fc:stanley 24-09-2008 19:37

Re: Tax
 
West End you are a saint my friend!

Laughing at lancsdaves comment haha! :D

This is my only employment and i dont recieve a pension so will indeed ring HMRC. Maybe i could get some of it back i suppose then! :)

West Ender 24-09-2008 19:43

Re: Tax
 
Quote:

Originally Posted by fc:stanley (Post 634479)
West End you are a saint my friend!

Laughing at lancsdaves comment haha! :D

This is my only employment and i dont recieve a pension so will indeed ring HMRC. Maybe i could get some of it back i suppose then! :)

Get on that phone tomorrow! You'll get back anything you shouldn't have paid. :)

lancsdave 24-09-2008 20:15

Re: Tax
 
FC did you try it with a code of 603L ? That should give you an idea of what a normal taxpayer would pay. As West Ender says get on to the tax office straight away, the longer you leave it the longer the government get interest on your fortune :D

entwisi 24-09-2008 20:24

Re: Tax
 
yep, as others have said, you should not be on BR if this is your only job, you will get it all back except what you should pay on a standard tax code.

I look at my tax bill sometimes and wonder why I go to work, just be grateful you are only paying 25%, when you get to ~38K it goes up to 40% on anything over that!

lancsdave 24-09-2008 20:27

Re: Tax
 
Quote:

Originally Posted by entwisi (Post 634518)
I look at my tax bill sometimes and wonder why I go to work,

You have to look at your tax bill to think that ? I think it without looking :D

West Ender 24-09-2008 20:35

Re: Tax
 
Quote:

Originally Posted by entwisi (Post 634518)

I look at my tax bill sometimes and wonder why I go to work, just be grateful you are only paying 25%, !


If you are paying 25% I advise you to complain immediately. The Standard rate is 20%. :D

fc:stanley 24-09-2008 20:40

Re: Tax
 
Is it BR beacuse im on an apprentership?

id of thought if im earning 8,000 its the same as a job? as i dont go college.

fc:stanley 24-09-2008 20:45

Re: Tax
 
Also ive just checked it with 603L , its kind of a big difference haha :D

West Ender 24-09-2008 21:08

Re: Tax
 
Quote:

Originally Posted by fc:stanley (Post 634530)
Is it BR beacuse im on an apprentership?

id of thought if im earning 8,000 its the same as a job? as i dont go college.


No, it's just your employer "playing safe" on your behalf. You are employed, no matter what you earn, and even if you went to college, on Day Release etc., it wouldn't make any difference. At least this way you will not be left with a bill for unpaid tax.

Let me know what happens when you ring HMRC. :)

fc:stanley 25-09-2008 16:31

Re: Tax
 
Just to let you know. I went into work today and before i rung up i went to finance office. Asked about tax and they had already requested a p46 for me so i filled it in and they said your tax will be stopped because i started halfway through the year so dont earn enough to make you pay tax this year which is great news and i will get the money im owed from the excess tax on next months pay packet. Also the tax next year i pay will be lower as this time they gave me a emergency tax code as they didnt have my details.

So all in all its great news :)

Thankyou all , especially West Ender

jaysay 25-09-2008 16:50

Re: Tax
 
Quote:

Originally Posted by fc:stanley (Post 634703)
Just to let you know. I went into work today and before i rung up i went to finance office. Asked about tax and they had already requested a p46 for me so i filled it in and they said your tax will be stopped because i started halfway through the year so dont earn enough to make you pay tax this year which is great news and i will get the money im owed from the excess tax on next months pay packet. Also the tax next year i pay will be lower as this time they gave me a emergency tax code as they didnt have my details.

So all in all its great news :)

Thankyou all , especially West Ender

Grea result Lee:mosher:

BERNADETTE 25-09-2008 17:17

Re: Tax
 
Good news, it always helps to have a former tax officer as a member:)

West Ender 25-09-2008 17:21

Re: Tax
 
I'm really pleased to hear that, Lee. :)

When it's sorted (next payday?), mind you don't go mad and spend it all at once. :laugh8:

fc:stanley 25-09-2008 18:00

Re: Tax
 
Thankyou :)

Well it will be sorted for next months payslip , so the money im owed will go on that!

Haha il try not too , but im alright with money however it is quite tempting :D

harwood red 25-09-2008 21:35

Re: Tax
 
Its threads like this that make you realise the magic of accyweb :)

Karma for you Westender

And yeah Lee I know its you now :D

West Ender 25-09-2008 21:43

Re: Tax
 
Thank you, H R. :)

cashman 25-09-2008 21:51

Re: Tax
 
glad yer sorted, nice one west ender.:)

BERNADETTE 25-09-2008 22:37

Re: Tax
 
Got to spread it around Westender(karma I mean) but tried to send you some. Sorry no go:)

CASPER 28-09-2008 23:21

Re: Tax
 
Quote:

Originally Posted by BERNADETTE (Post 634837)
Got to spread it around Westender(karma I mean) but tried to send you some. Sorry no go:)


Don't worry, I agree with you, Westender deserves karma, I will donate it on your behalf.

BERNADETTE 28-09-2008 23:46

Re: Tax
 
Quote:

Originally Posted by CASPER (Post 636042)
Don't worry, I agree with you, Westender deserves karma, I will donate it on your behalf.

Thank you:)


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