Happy Fox Posted 30 May 2014 Posted 30 May 2014 Am I entitled to it?, just realised that possibly I am, as I was working on my first job. And you shouldn't get taxed on your first job or am I mistaken?
mozartfox Posted 30 May 2014 Posted 30 May 2014 Ask Gary Barlow. He can tell you all you need know about Tax matters.
Happy Fox Posted 30 May 2014 Author Posted 30 May 2014 Ask Gary Barlow. He can tell you all you need know about Tax matters. Cheers for that insightful comment come on man I am being serious!!! Need some guidance what do I do?
Tommy G Posted 30 May 2014 Posted 30 May 2014 Depends how much you earn If you walk into your first job and earn £40k then yes you will be taxed Search listen to tax man on google and it works it out for you
stripeyfox Posted 30 May 2014 Posted 30 May 2014 Very generally speaking, your first 10K a year is not taxable I think. Anything above 10K is taxed at 20% Sometimes in your first job you get put on "emergency tax" whilst they work out what you earn which means you may pay more tax than you should. The tax office will issue a refund or make an adjustment at a later date to correct this.
AdamN Posted 30 May 2014 Posted 30 May 2014 Ring up and find out, although I'd advise you at least get an idea of what you're entitled to, if anything. The tax office had no record of me being employed on my most recent job, for some reason, and therefore didn't recognise that they owed me around £1.5k in overpaid tax, owing to me being on the wrong tax code. I knew what they owed me though, so I chased it up and received a nice, fat cheque in the post a few days later. I don't think it being your first job factors into it, but if you earned less than £9,440 in 2013/14 then you shouldn't have been taxed on your income. If you have your P60 for 2013/14 to hand then you should be able to see how much you've earned and how much you've been taxed. You can see which tax band you should fall into on here: http://www.hmrc.gov.uk/rates/it.htm
LcFc_Smiv Posted 30 May 2014 Posted 30 May 2014 I rang up, they give you a bit of a hard time over it. Just have your N.I. number to hand and answer the questions they ask you, they then put you on hold for ages and return to tell you your calculation is in the post.
Captain... Posted 30 May 2014 Posted 30 May 2014 I rang up, they give you a bit of a hard time over it. Just have your N.I. number to hand and answer the questions they ask you, they then put you on hold for ages and return to tell you your calculation is in the post. Last time I called the tax office, I got an automated voice saying they were busy and they hung up on me... Terrible service.
LcFc_Smiv Posted 30 May 2014 Posted 30 May 2014 Last time I called the tax office, I got an automated voice saying they were busy and they hung up on me... Terrible service. It took me ages to get the right number, then they seem pretty annoyed that I would be so rude to persevere with getting some money back from them.
Matt Posted 30 May 2014 Posted 30 May 2014 I've never had one, sure I deserve one the robbing cunts. I bypass the 'deductions' part of my pay slip, I know I should check it to be sure but it makes me feel sick to see what I have actually earnt and worked hard for only for it to be took off me, winds me up how much they take off me (Everyone is in the same boat I know). Especially when they don't seem to do anything decent with the money i've earnt and they've stole off me. Rant over, no doubt someone will try write a post in favour of it, reason for it
Soar Fox Posted 30 May 2014 Posted 30 May 2014 I've never had one, sure I deserve one the robbing cunts. I bypass the 'deductions' part of my pay slip, I know I should check it to be sure but it makes me feel sick to see what I have actually earnt and worked hard for only for it to be took off me, winds me up how much they take off me (Everyone is in the same boat I know). Especially when they don't seem to do anything decent with the money i've earnt and they've stole off me. Rant over, no doubt someone will try write a post in favour of it, reason for it I know how you feel. I worked 24 hours overtime the other week at work, 12 hours double pay, 12 hours time and a half. Got my pay slip a week later and because of all the overtime I had done my deductions were £290. I wish I hadn't bothered when I saw it.
MPH Posted 30 May 2014 Posted 30 May 2014 A huge plus of living in the states... Feb just gone I got over $5,000 dollars back in my tax returns. What confuses me is that it was more than I actually paid in taxes. Go figure.
Matt Posted 30 May 2014 Posted 30 May 2014 Just been thinking, can't believe this didn't spring to mind when I made my first post in this thread, I was moaning I've never had one despite thinking I must surely deserve one, the only thing I got was a letter saying I owed them £200 last year, not only do they rape me with tax week on week but they then decided they'd take abit more off me. Cunts. And yeah Steve_Walsh5, I noramlly do on average 50 to 60 hours a week and sometimes think what the point, on the other hand I try and make a positive out of it by thinking atleast the O/T pays for the tax and means you get your standard time for 'free' hardly the most ideal positive to take out of it but it makes me feel a little better.
Alf Bentley Posted 30 May 2014 Posted 30 May 2014 For the current tax year (from 7th April 2014 onward), if you get put onto the correct tax code - consult your employer (personnel/HR dept or whoever) or the tax office - you should be able to get any excess tax refunded through your pay. For the past tax year (prior to 7th April 2014), you'll almost certainly have to get any rebate from the tax office, so will need to deal with them about that.
Guesty Posted 30 May 2014 Posted 30 May 2014 You'll be suprised (well you might not be) at how many mistakes they make. Our payroll department is always having to tell people to ring them up after they've made mistakes and taken too much tax off people or put them on the wrong code. Always check your paycheck is my advice.
Vicki Vixen Posted 30 May 2014 Posted 30 May 2014 The only way to make sure they are not overcharging tax is to voluntarily do a self assessment tax return at the end of the tax year. If self assessment shows you overpaid tax, then submit the return and they will give you back the money they owe. If self assessment shows you underpaid tax then don't bother submitting it.
RowlattsFox Posted 30 May 2014 Posted 30 May 2014 I've been on the wrong tax code for over a year, had no idea. Rang them up to see what's what, did a calculation then tell me I had overpaid. Couldn't tell me how much though, waiting for the letter now. Hoping for a little holiday fund boost. It's a mission getting through the automated phone system though. Amazing how much quicker they contact you if you owe them money.
Jimothy Posted 30 May 2014 Posted 30 May 2014 You'll be suprised (well you might not be) at how many mistakes they make. Our payroll department is always having to tell people to ring them up after they've made mistakes and taken too much tax off people or put them on the wrong code. Always check your paycheck is my advice. I got a new tax code through for one of our employees a few months back and it calculated he owed the company £530! I rang them on his behalf seeing as if was so absurd and the corrected it immediately.
DANGEROUS TIGER Posted 30 May 2014 Posted 30 May 2014 Very generally speaking, your first 10K a year is not taxable I think. Anything above 10K is taxed at 20% Sometimes in your first job you get put on "emergency tax" whilst they work out what you earn which means you may pay more tax than you should. The tax office will issue a refund or make an adjustment at a later date to correct this. That's correct. The fact that it is merely your first job is makes no difference. It is solely based on income earned, the first £10,000 being tax free.
C-man Posted 31 May 2014 Posted 31 May 2014 Am I entitled to it?, just realised that possibly I am, as I was working on my first job. And you shouldn't get taxed on your first job or am I mistaken? Imagine if you didn't get taxed on your first job That would be the greatest Long Term Incentive Plan the world has ever seen. Whether you are entitled to a refund or not depends entirely on what tax code you were put on when you were first paid through the payroll and whether you exceeded the personal allowance (£9,440 for the tax year ended 5 April 2014) during the tax year.
Tommy G Posted 2 June 2014 Posted 2 June 2014 For anyone moaning about paying the BRB try paying the higher rate. With NI aswell pretty much 50% taken off you
MooseBreath Posted 2 June 2014 Posted 2 June 2014 For anyone moaning about paying the BRB try paying the higher rate. With NI aswell pretty much 50% taken off you You poor thing you
lavrentis Posted 2 June 2014 Posted 2 June 2014 If it helps I have not earnt 10k yet and I get taxed the **** out of. I always thought id not get taxed until I get 10k but not the case
Guest MattP Posted 2 June 2014 Posted 2 June 2014 Sorry but if you are paying 50% these days with the amount of tax avoidance avaliable you deserve too. You've got everything from betting accounts to ewallets you can hold money in securely away from prying eyes. Get your wage paid into your own company rather than yourself.
Maybes Posted 2 June 2014 Posted 2 June 2014 Sorry but if you are paying 50% these days with the amount of tax avoidance avaliable you deserve too. You've got everything from betting accounts to ewallets you can hold money in securely away from prying eyes. Get your wage paid into your own company rather than yourself. Betting accounts? How do you propose to avoid tax by holding money in betting accounts? Getting your wage paid into your own private company only really works when you're self employed.
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