 I recieved a a mail from the national lottery uk that i won the online lottery is it write? |
| It is telling that i won the prize money of five hundered thousand British pound. And also saying that i have to go to this office with in 24 hours. But i Can't to go there because of some ... |
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 Road Tax in the uk? |
My car tax runs out today but i cant afford to get a new one for a couple of weeks.
I wont be driving the car and it will be sat on my drive.
How long do i get before i ... |
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 I don't want a rebate? |
| Is there anyway to stop the government from sending my tax rebate check to me? I don't want the extra 600 dollars. I read in an article on Yahoo that "the money actually is officially an &... |
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| Why do people look so negatively at paying taxes? |
| I look at it as like i'm giving back to the country for the success that my country made possible. I couldn't have made the money without the backbone, the capitalism, and security that my ... |
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 What % Tax do I pay? I live in UK and earn 15k per year.? |
| Im trying to work out my monthly salary based on my yearly salary and the web page Im using is asking for a % of Tax I pay? Anyone know what it is?... |
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 IRS Lies AGAIN? |
| So they let the media lie to the entire nation (the public was mislead according to the IRS rep I spoke with) about their stimulus payments. I was under the estimation that if you made over 3,000 and ... |
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 I just recieved a $100,000 settlement. Should I report this income on my taxes? |
Additional Details
The settlement is from an automobile accident (personal injury). Does this make a difference?... |
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 I have not received my tax rebate on May 9 my SSN# 51and should have had it deposited by yesterday. Any ideas? |
| I efile my taxes by Turbo Tax and I pay my taxes by direct deposit on March 15, I suppossed receive my stimulus tax rebate yesterday May 09 by direct deposit, but I still waiting, somebody know what ... |
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 What is the VAT on £80? |
| I know its 17.5% do you divide that into 80, I am confused.... |
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 Angry that foreigners can claim benefits in uk etc. then return home and still receive it ? |
Additional Details
There have been articles in various newspapers recently...one (romanian family i think)child benefit /family credit etc...... |
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 Tax question: i have the choice of donating $20,000 of inventory to charity, or sell for $500. which is best? |
| I have to liquidate 20k of assets (my business tanked) and looking to make the best of the situation... thank you for your advice in advance.... |
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 My father is greedy and wants to claim me as a dependent. im 23 and lived with him all year and went to school |
| if he claims me i owe the gov 2000 if not i get back a 64 dollar return. i earned 23,000 and supported myself and just stayed there. i paid rent, food, clothes, school, insurance etc. hes ... |
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| I have received a message stating u have won yahoo uk-ieland award? |
| that message give me a form to fill and submit to some agent and he replies to me stating that u have to submit a form given below to Nation wide bank Plc and they have told me that ur prize money in ... |
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 Do you have to declare your earnings if you work under 16 hrs? |
| I am not entitled to working tax as my partners income is just over the limit.We claim child tax credit.If I was to work a couple of hours a day for the minimum wage would I have to declare this to ... |
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 Filing head of Household? |
Is it possible for two people to file head of household with the same child?
They're not married, they live together, it's both of thier child and one claimed her as a dependent ... |
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 Should we tax people based on how much they weigh? |
| Think about it, they use more water, more food, more tires for their car. This would be instead of based on income, and would take into account BMI.... |
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 What happens if I don't send in a tax return? |
| I'm a basic rate taxpayer and the code is correct on my payslip but I've just had a pay rise. T... |
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ben m | Is it true that full time students dont have to pay income tax on earnings? |
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Ronald S
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Students pay no tax only if they are employed during normal college/university holidays. At any other time they are subject to the same PAYE rules as the rest of us. The reasoning behind the holiday times rule is that the student has the same personal allowance as everyone else and, normally, this will exceed the amount that can be earned. So by not having tax deducted it saves a lot of time and paperwork.
It is not given automatically though and application must be submitted on form P38(S). |
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Chick
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Everyone in the UK gets a "personal allowance". this is an amount of income you can receive every year tax free. for the 06/07 tax year, i.e. 6 April 2006 to 5 April 2007, this amount is £5,035.00 (and it's £5225.00 for the 07/08 tax year. So provided you earn less than that you're earnings would be free of income tax. however, you would still have to pay National Insurance contributions, of i think 11%.
If your earnings are above this, you would pay 10% on the first £2,130.00, 22% until you hit around £30,000.
hope this helps. |
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Mrs LK
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That depends on how much you are earning, currently the normal tax code in the UK is 503L (rising to 522L in April) this means you can earn £5035 per annum without paying tax. You divide this by 52 if paid weekly = £96.83 or 12 if paid monthly = £419.58 this is the amount of tax free pay you can be paid in any period. If you are earning above these amount you will pay tax at 22% on the earnings above this.
However if you are in full time education and ONLY work during college / uni holidays you can complete a P38s student declaration form, your tax code would then be NT meaning Nil Tax. But if you start to earn over the £5035 your tax code would need to be amended to reflect this and you would therefore start paying tax. |
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Dr Kildare
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No - students are subjected to the same taxes as the rest of us. The tax threshold (level of income earned before tax is due) is usually sufficiently high to allow many students to work part-time without paying tax. However, once that threshold is reached then tax is payable. I think the current threshold is around £5,000 per annum.
They also pay VAT on all their booze, fags and clothes so despite what many people think they DO actually contribute something to society!!
Good luck! |
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spider 1
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Students and Tax
Do Students pay tax? Do Students pay National Insurance?
How to deal with students working for you raises a lot of questions. In answer to the above, YES and YES. All income is subject to tax and national insurance. Confusion arises out of which tax form a student should complete—P38(S) or P46. The answer again is quite simple. If the student is working during term time ie at weekends and evenings, then they must complete a P46. If the student is working during Summer/Christmas/Easter vacations ONLY then they may complete a P38(S). Hope this clears that one up for you. |
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zebj25
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That would be false. Students still have to pay income tax if their earnings are over 400 dollars. |
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den invent
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yes its true |
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DER METZGERMEISTER
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As long as you don't earn over your personal tax allowance, any tax deducted may be claimed back. But you do have the same liability as everyne else, I believe. |
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clairey_edin
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No that is not true. Regardless of whether you are a student or not, you pay tax based on the amount you earn. In the UK, you can earn up to £5035 per year (this is called your personal allowance) before you have to start paying tax. Anything over this should be taxed at the relevant rate.
I think the myth of tax free students comes from the fact that most students work part time so earn under this amount in a year. Another contribution to this misunderstanding may be that most students get tax back on summer jobs, especially if they don't work during term time because they are still not breaching that threshold over the full year.
Be careful about jobs that pay you in cash or don't tax you when you think you should have been taxed - the HMRC can demand tax to be paid up to 6 years after you had the job - not a nice bill to be landed with!
Good luck |
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k m
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No, that is not true. Two of my kids are in college full time and work part time as well. They are taxed on their income. |
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333-half-evil-333
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i was told if my son made over £80 per week he would have to pay tax |
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linz
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in the uk, there is a certain amount you can earn before you start to get taxed, its around 2000 or maybe 3000, im not sure of that, but after youve earned more than that, your tax will be calculated depending on your earnings... I have aolso found that most of my tax from when i was a working student were returned to me in a handy lump sum, it was like a savings fund i never knew i had!!!! |
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Steph j
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Well I am a full time student and I work part time, I dont have to pay any income tax at all YIPEE!
I am UK btw |
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sammy
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Check with the taxman don't think so depends on your hours and any benefits that is in the uk |
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