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 Part time cash in hand work?
I am starting my own business and will be declaring myself self employed. I would be working under another company though and it is their policy that I cannot have a second income. But for the ...


 Does your state have a state income tax?
...


 I know i should know this but...?
do clothes have tax?...


 Why was my tax rebate $300 when everyone seems to be getting $600?
I'm single but my single friends got $600.
WTF? Where's the love, Uncle Sam??...


 Can my parents claim me on their taxes?
i'm a 20 year old student. i go to school half time, and live with my parents. however, i have a son that i claim on my taxes. can they claim me as a dependent?...


 Im about to move in with my bf will it effect my csa child and working tax credits?
...


 Can I pay an employee cash?
...


 Anyone recieved a mailed tax rebate check yet?
...


 Need help!?
what a good legal way of making money on the side?...


 __________ is what an employee receives after deductions for taxes, insurance, and voluntary deductions.?
__________ is what an employee receives after deductions for taxes, insurance, and voluntary deductions.
a.)Gross pay
b.)Net pay
c.)Gross profit
d.)Net ...


 "Now that house prices are falling dramatically does anyone expect their council tax follow suit?
In what exciting time we live under the self-proclaimed 'best chancellor ever and I now declare myself Prime Minister' Brown, now revealed as possibly the most incompetent holder of both ...


 I paid the daycare under the table, she's getting audited, can I get in trouble?
...


 Do you have to file taxes if your retirement is your only income?

Additional Details
CALpers is the only source of income and they don't get a SS...


 How much was your Gross Income and how much was your stimulus rebate check?
Want to get some sense of the calculations.

Cheers!...


 Is donating a car still tax deductable?
...


 Is it worth it to have a tax preparer vs. Software for me?
Hello Everyone,

I have always done my taxes myself. However, I always hear from friends that they got a larger return by using a preparer. I am single, Claim 2, Income that does not ...


 If I use a daycare provider who doesn't claim her income at taxtime, can I claim the daycare cost on my taxes?
She is a home daycare provider and does not bring in enough income from her business to require her to claim it for tax purposes, therefore no tax id number....


 Is there any legal way to stop paying federal income taxes?
...


 I haven't received all my W2's yet. What should I do?
I think the due date is Wednesday? If I don't receive them by then, what do I do?...


 Wouldn't a consumption tax be the most fair form of taxation for rich, poor, or in between?
Tax brackets, flat tax, blah blah blah. Wouldnt a consumption tax be the most FAIR form of tax??...



Kelly D
Is this the correct tax code?
My mother has worked part time for the past 8 years and her 2006/07 P60 had her on a final tax code of 503L with a gross pay of £5755.85, NI £169.39 and tax 71.60. She had no other income. In December 2006 I hired her as a personal assistant to help care for my disabled son, funded by Direct Payments. She was put on a BR tax code, which I always assumed was correct for a second job.

Her 2006/07 P60 for this job showed a gross total of £2040.00, no NI deduction and tax 448.80. She contacted the council tax benefit office when she started work for me and they told her she was on the incorrect tax code for the second job as she has such a low income, but they couldn't advise any further.

Does anyone know if this sounds correct?

I don't think she's had a pay rise so lets say for 2007/08 her gross salary for her main job is £5755 on a 522L tax code. Her earnings from me will be £3536 gross. Should she still be on a BR tax code? Seems excessive for under £10,000 total?

Thanks
                     
 




Stuart H
Rating
It is correct, she is using almost all her reduced allowance in her first job £5,225 tax free and £550 of the £2,150 she is allowed at 10%.

She will then pay tax at 22% on everything in her second job due to the BR tax code.

At the end of the year she will claim/recieve a refund for the overpayment. This will be the difference between payin 10% and 22% on the remaining £1600 of her allowances.

So if she earns over £1,600 from you she is due a refund of 12% of this. £192 pounds!!!

Mail me if your confused! :-) stuart_hopkin@hotmail.com


c.willmore@btinternet.com
BR is correct for a second job, no matter how much is earned in that second employment.

If at the end of the tax year she thinks she paid too much tax, she can claim it back. But she will remain on BR code for any other job than her main earning one.


mikeywills
Speak to the inland revenue. Details will be on your last P60.


Pauline
Rating
So she's earned around 7,800 and paid around 500 quid tax over the year. Sounds about right to me....


xs.essex
Rating
The easiest thing would be to contact your local tax office or to look on the tax web site: http://www.hmrc.gov.uk/individuals/

Her income from her part-time job appears to take her over the basic personal allowance so anything more would be subject to basic rate tax. Unfortunately, the sort of sum you mentioned does not look excessive ... but talk to the tax people. They have always been helpful to me.


crissy
If you go on the website www.hmrc.gov.uk and look at the forms, booklets and leaflets this may explain the tax code for you.


jaymac318
Rating
This is from the HMRC website:-

An employee has more than one job
An employee has more than one job with different employers

An employee may tell you that they have another job where they are already paying NICs and that you should only deduct NICs at 1% from the salary that you pay them.

If an employee with more than one job thinks that they will earn in excess of the weekly or monthly UEL in one, or a combination of more than one, of their jobs, they can ask the HM Revenue & Customs National Insurance Contributions Office for permission to defer paying some of the NICs in their other jobs.

The HM Revenue & Customs National Insurance Contributions Office will send you form CA2700 if it agrees that the employee may defer some of the NICs they would otherwise have to pay on the earnings they receive from you. This form authorises you to deduct employee contributions at 1% on all earnings you pay to the employee that exceed the ET, including any earnings above the UEL.

You must still pay your employer's share of the NICs under the appropriate contribution Table letter - for help in identifying the right contribution Table letter see the table below.

Until you receive the CA2700 form, continue to deduct employee's contributions at the appropriate rates.

For further information see CWG2, Employer Further Guide to PAYE and NICs , under 'deferment of payment of employee's contributions'.

If you think that your Mother is due a refund, get her to make an appointment with her local Tax Office. She can take her salary slips with her and they will look into it. They will also advise her how to reclaim any overpaid tax.


Ellis
Rating
She should have paid tax of less than £350. A BR code means that tax will be deducted at basic rate (22%) on all her earnings from that source. However her income is so low that a large part of her earnings from the second job should only bear tax at 10%. She should go to the Tax Office with both P60s and ask for a refund of the tax overpaid.


tinow
BR is basic rate code, almost emergancy tax code check out the tax at uk gov website and see if it has any tools u can use


russell791967
she can look on line for more info,try inlandrevenue.co.uk


Fred3663
Contact HMRC, only one employment will have the tax code applied.
She can claim a refund after end of tax year.


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