 How does the inland rev. discover that you are not paying tax if you haven't registered as self employed? |
| My sister is working for a doctor p/t and earning approx. £1400 per month. He does not pay tax or N.I. contributions and says she should register as self employed. She hasn't done this as she ... |
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 This is about social security for people over 65? |
| I want to know if a man is collecting social security when he is 65,and gets a full or part time job,will he be able to keep the money from that job without it being deducted from his social security ... |
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 WIll I be better of working?? I'm on benefits and really want to work but am worried bout rent etc...? |
i really really want a job....im on jsa and housing beneifit, but will i be better off if im working?? i'm really worried about how i'll cope with rent etc .......thanks
Additional D... |
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 What do you say to someone who says there is no law require you to pay income tax? |
What law is it that requires it? I don't actually believe that croc, I just want to know the actual law.
Additional Details
An amendmant, is a CHANGE to the constitution. The ... |
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 Overtime taxes? |
| I'm figuring out my timesheet for the month. I have 9.5 hours of over time that I can claim as time and a half (1.5 OT). I was just curious if The Man taxes more on 1.5 ovetime? If so, would ... |
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 I owe $1600.00 for 2006...IRS did not "catch" it last year and i got my full refund...? |
they now know and i was wondering if they will just subtract it from my refund this year or will it hold up my refund altogether???
Additional Details
i actually want them to take what ... |
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 What do you think about Inheritance Tax? |
| You pay tax all your life and when you die, they tax you again!... |
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 If you FOUND OUT about the FEDERAL RESERVE and the INCOME TAX were illegal, would you stand up against it? |
And if your local mayor said he checked into it and said there's no requirement in the tax code--it's a voluntary tax.
And your whole town wasn't going to file.
W... |
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 \\How much is 2,000.000.00 pounds in United States Currency ? |
| How much is 2,000.000.00 Pounds in United States currency?... |
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 Can my boyfriend claim me and my 2 kids on taxes if I did not work all year? |
| He has taken responsibility for the three of us for the past year while I have been in school. I keep hearing different things but need to know for sure. Thanks!... |
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 Why such high tax? |
About 80% of the average income is spent on bills. Britain is part of Europe so why are we not taxed the same as Europe?
Then there are all the other scams like the conjestion charge and council ... |
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 Scared to call council? |
| i owe council tax months ago i called council a few times to try and explain why i couldnt pay it, offered to pay monthly but female staff were so bitchy & hung up on me they refused to give me ... |
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 Is the gov. $600 rebate check taxable income? |
So, I have no debt and I already invest in my company IRA and a Roth IRA each year. But I rarely have enough $ to go on vacation.
I am thinking that if I take my $600 rebate check and can ... |
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 Disability Living Allowance / Mobility - working UK only? |
Does anyone know if you can claim for DLA / Mobility when you are working.
I really struggle with 3 ruptured discs in my back but still fight through the pain and tears to continue working.... |
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 How does taxation destroy jobs? |
| The following passage is from the book, Economics In One Lesson. I do not understand how taxation destroys jobs. Is it because the money that is taxed would have otherwise gone towards the purchase ... |
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pam7golding | Should a 16 yr old pay tax on 8 hours a week job- if so how much? |
They took a load of tax from him when he first started but we don't know if or when he'll get it back. |
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Michelle
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If you do not have a P45 or as happened to me last year you give your P45 in but the block head in the office forgets to send it to the accountant with your hours then you will automatically paye BR tax, (Basic Rate) at 20 percent of all your weekly wage or Monthly wage, eventually when your P45 is sorted out you should be re-embursed all the tax you have over paid. Although I didn't. If you sign on then the benefit agency after 5th APril should pay you back your tax that you have paid in the last tax year, such as 2010-2011 tax year. We are now entering the 2011-2012 tax year so if you know your owed money chase up the inland rev. They should pay you back within 4 weeks. |
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steffi
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It sounds as though they are deducting Basic rate (20%) instead of putting him on an code of 543L, either on a week 1 (emergency) or cumulative code.
Is this his first job? If so, he wouldn't have had a form P45 from a previous employer, and his employer should have asked him to sign a form P46 to say it is his main/only job.
Neither how many hours he works, nor his age affects his tax liability. Everyone is entitled to earn £104.52 a week (or £5435 a year) before tax.
If you can't get any sense from employer re form P46, contact tax office, and ask for correct code number to be issued. Employer can give contact details. Your son will then get tax refund in next wage packet after code number issued, or employer organises form P46. |
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Marky
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Its not about age or the number of hours, but how much is earnt.
You are entitled to around £6,000 before you pay tax. Often, you are taxed at the normal rate as if you were working the whole year, but if its only short term, and you eanr under the threshold, you can claim it back from hmrc. |
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Mark J
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on first starting a job, unless you have a P45 form from a previous employer (which indictaes how much you were paid, and how much tax has already been paid) the revenue always assume you have been shirking and not paying enough tax.. so they demand employers put you on an emergency tax code (read we'll grab as much cash as we can).
once the first few payment reach the revenue they realise that they are getting to much money, and reluctantly inform the employer of what the true tax code should be.
it usually takes around 2..6 weeks, and the excessive tax will be repaid through the pay packet, assuming he is still working at the same employer. if he is working at the end of the tax year the revenue will also automatically repay any overpaid tax at year end.
one thing to bear in mind though is that the revenue will re-assess the tax code as if you are working for the remainder of the year, so he may well need to apply for a tax refund if this is a summer job and he return to school /college and hasn't used up all his tax allowances.
the tax code is usually the allowance he can earn before paying tax (divided by 10)... so a tax code of 330 would indicate that the revenue allowance is around 3,300 before he pays tax.... The revenue will issue a tax code to the employer who will then either pay the refund or adjust his tax payments accordingly.
the tax deducted is deducted on an annualised basis.. so say the tax allowance was 6,000.. that would be 500 per month of income that was untaxed (6000/12). the tax year starts on April the 6th of each year... so assuming he started work on the 6th of May he would be earning 6000/11 before paying tax per month.. it works pro rata in weeks or whatever time unit you want to use.
say your son works for 3 months, and the allowance was 6000, the revenue would work out his allowance based on the idea that he will work for the remaining 10.5 months of the year. the employer should be calculating the tax based on 6000/10.5 as a monthly tax free income
so they make a presumption that he will get 6000 of income tax free if he works to the end of the year. but if he leaves after 3 months, and doesn't work for the remainder of the year.. the revenue should instead be allowing £2000 of income per those 3 months. it can all be claimed back.. but he will have to apply for it directly to the revenue.. the employer cannot make that repayment. |
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90210 aka Hummer Lover
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i dont think they should be taxed on such a small amount at such a low age. |
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Stephie
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i doubt it, you get a limit on how much you earn before tax, mynes about 5000 before i get taxed. you might have to pay National Insurance though thats a type of tax they can take off any earnings |
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luscious_linz
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No he shouldn't, phone the tax people and get a rebate. I got taxed about £20 a week, even though I was 16 and only working 10 hours a week, then I got a tax rebate! You have to earn a certain amount before you start to get taxed! |
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Daisychain
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Hello 16 year old who paid tax on 8 hours a week job,
You wages is worked out by how much you will earn in a year, therefore, calculate your earning for that week and multiply by 52. Check your tax code. This will state how much you can earn before your earning is taxable. A tax code of 522L, means you can earn £5,220 without being taxed.
It sounds as if you have not completed a P46 form which declares that the job is your only job, therefore, you are paying emergency tax. Ask your employer for a P46, if they do not supply you, go to your local inland revenue office and ask for the form. Also, if you have paid tax, ask also, if you will receive a tax rebate for the tax money you have already paid. If I can remember, you should get this back the following tax year, or even sooner. Look out for it in your wage slip.
Don't get ripped off. It sounds like you are.
All the best! |
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suerye
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It depends on how much he earns - his age is not relevent. If he started after 6 April, his employer should have him on code 543L and he can earn £104 pw tax free. Emergency code does not come into it at this stage in the year. If the employer is not doing this correctly, your son, needs to tell them so. |
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LondonGuy
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I think it would be better if only people who are old enough to vote should pay taxes. |
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Johnny
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No you shouldn't at all. If they have been taxed it was probably emergency tax and they'll get it back |
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DAVID M
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if he is a student/ art school and assuming he will not earn more than the personal allowance in the tax year then his emplyer should ask him to complete a P38(s) form. This then permits the employer to pay without deduction of tax or National Insurance. If he is not a student and this is his only job then he should complete a P46 form and be placed on an emergency code of 543L cumulative. |
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Lynn S
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This would have been what is called emergency tax, until the tax office sort out his tax code. He will also have a personal allowance (how much he can earn before he pays tax, low earners tend not to pay tax, but do often have to have National Insurance contributions), see below link:
http://www.hmrc.gov.uk/rates/it.htm
He should get the tax back as a rebate. Unsure how long this takes! If not contact your local tax office. |
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Rachel<3
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No as tax is such a drag to each one and the government are trying to take all own money from us to pay for their own privileges not ours!
if you do get taxed (and you shouldnt as your only 16!) you should ask your employer to get a Revenue & Customs form so that you don't get taxed and then the money that you got of when you were getting taxed you should get it in the next few months
I hope this helps =) |
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