Tax - TSR guide and questions thread

Ok.

What about National Insurance?

Yes, raise the issue of NI at the same time. In a self-employed scenario, you'd usually need to obtain a Certificate of Small Earnings Exception in order not to pass class 2 NI. See here for more details: http://www.hmrc.gov.uk/working/intro/class2.htm

Oh ok. In the previous tax year I registered as self-employed and declared my earnings. Also, I received a call from HMRC about the issue of NI. I explained my situation and they sent me a form declaring that I didn't need to pay NI.

Guys quick question. I sent my p45 into HMRC on the 27th of March asking them to check if I was entitled to a Tax Return and have yet to hear any response since. Is this normal or should I ring them up??

Thanks for replying Illusionary

How can I find out where my local tax office is?? And what should I say to them when I ring them up

Thanks

So I've started my first ever job and have apparently been put on the wrong tax code (OT) which means that I'm paying much more tax than I should be. I've rang HMRC trying to sort this out and each time it's made me want to cry in frustration, it's like trying to get into gringotts or something! I've lived at about 6 different addresses in the past five years and have explained this to the 'advisers' but all they say is they can't divulge any information. I've tried explaining to them that I don't know which address they have on record, and the only way to update my address is by confirming the one they have on record but obviously I don't know which that is! It's horrible!! I don't know how to sort it, anyone else had similar problems?

So I've started my first ever job and have apparently been put on the wrong tax code (OT) which means that I'm paying much more tax than I should be. I've rang HMRC trying to sort this out and each time it's made me want to cry in frustration, it's like trying to get into gringotts or something! I've lived at about 6 different addresses in the past five years and have explained this to the 'advisers' but all they say is they can't divulge any information. I've tried explaining to them that I don't know which address they have on record, and the only way to update my address is by confirming the one they have on record but obviously I don't know which that is! It's horrible!! I don't know how to sort it, anyone else had similar problems?

Have you completed a form P46 for your new employer? If not, this would explain why you've been put on a OT tax code - you've not provided sufficient information to be treated as eligible for the standard £9,440 personal allowance. Complete a form P46 and hand this in to your employer and they should be able to update your tax code. Once that's done, you should then receive a refund of any overpaid income tax from the current tax year via the payroll system the next time that you're paid.

You can download a copy of form P46 here: http://www.hmrc.gov.uk/forms/p46exemptonline.pdf

Thank you so much, is this still relevant though as I read somewhere that a 'starter checklist' had replaced the P46?

if you are earning approx 900 gbp / month from one job that would be 11.8 k / year

given the standard personal allowance is 9440 you would only be paying tax on 11800- 9440 = 2360

20% of that (2360) is 472 gbp 472/12 = less than 40 gbp /month in income tax

as your earnings over the year from that job ( assuming you stay in it) would take you over the personally allowance a second job being taxed on a BR or 0t tax code is reasonable ... if you left the first jopb mid year you might be entitled to refund but would work itself out over thje rest of the year if you transferred the personally allowance ... this is what P45 and P46 are/ were for ( pre live filing )

I'm probably going to quit both jobs in July. Does this change anything? Would getting the second job put in the personal allowance be worth it?

EDIT: Apparently, I can provide the tax office with an estimate of what I'll earn between two jobs. If I were to estimate 7000 for Job 1 and 2500 for Job 2 would I then not pay any tax until I reach this point? (and I won't since I'm off to uni in Sept!

Bitches be crazy.

I'm paying tax now PAYE. (Didnt pay from dec to march)My gross pay is roughly £300 more than my net pay
I'm on the 944L tax code which is cool. My NI also went up, why is this?
It keeps increasing. I work in the nhs if that matters?