Tax - TSR guide and questions thread

Did you hand in a form P45 from a previous job this tax year or complete a form P46 (link: http://www.hmrc.gov.uk/forms/p46.pdf) for your employer? if not, that;s likely to be the problem, assuming that this is your only source of income. A quick call to your tax office is the first thing to try. They may be able to resolve the issue then and there, issueing a revised tax code to your/your employer, though potentially they may ask you to complete a form P46 now if you haven't done already.

Once your tax code is updated, you should receive a refund of any overpaid Income Tax through the payroll system the next time that you're paid.

I've not worked this year at all (unemployed since december). Do I need to fill out a p46? and give it to my new employer? Also in that link, do i fill all the pages out and send them all to the employer?

This is very confusing!

Yes, you should have completed a form P46 - this should give your employer the information that they need to apply the correct tax code. You need to complete all of the first page (section one - where it says "to be completed by the employee"). The second page (section two) is for your employer to complete.

is it too late to give the p46 in now? I've received my 2nd pay check. Also I haven't had any tax back from my temp jobs over the last few years. Aren't they supposed to give us the money back or do we have to chase it up? This is ridiculous!

It's your responsibility to request any refunds that you're owed. You can do so by writing to your tax office enclosing evidence of your income and tax deductions for the year, and requesting a refund.

Check with your employer, but hopefully they'll still accept a P46 at this point. Failiong that, just give your tax office a call as I suggested above.

Final question, how do I know which is my tax office? Do i just call this generic number: http://search2.hmrc.gov.uk/kbroker/hmrc/contactus/search.ladv?raction=view&fl0=__dsid%3A&sm=0&ha=34&as=1&sf=&sp_scope=hmrc&cs=ISO-8859-1&tx0=49612 or is there an actual tax office by region?

That should work, yes; alternatively, there may be details on your payslips.

Ah I found a P45! The job centre gave it to me on 18th July when I came off JSA. My employer didn't tell me I needed to give them the P45! God! What a muddle!

Give that in to them now (though keep part 1 for your records).

I'll run over to their offices and give it to them tomorrow . Thanks again for your help! I really appreciate it. Final final question! If I give them this P45 now, will my tax band be adjusted and will I get a refund with my next few payslips or do I have to wait for next year for that?

Arghhh this tax thing is driving me crazy! I seem to have a £500 tax black hole from year 06/07!!!! I hate HMRC - taking advantage of ignorant teenagers when they just get out of high school

Hi, just wanted to add a little complication to the subject..
What if you start another job.. like now?
I mean I'm trying not to exceed the personal allowance this year and since there's still 7 months till the end of the tax year, I have estimated that (keeping my first job!), I can earn an extra £400 a month before next April.

As I read you can have the personal allowance split between the 2 jobs, but in my case it wouldn't avoid me paying taxes cuz earnings are calculated per year, right?

Hi, just wanted to add a little complication to the subject..
What if you start another job.. like now?
I mean I'm trying not to exceed the personal allowance this year and since there's still 7 months till the end of the tax year, I have estimated that (keeping my first job!), I can earn an extra £400 a month before next April.

As I read you can have the personal allowance split between the 2 jobs, but in my case it wouldn't avoid me paying taxes cuz earnings are calculated per year, right?

You would pay 20% on your second job and at the end of the year it would all be put together. Then if you had earned more than your £7xxx tax free allowance they would work out how much tax you had to pay and return whats owed to you, or if you had earned less than £7k you would get the whole lot refunded.


Example;

1st job - £3000 (no tax paid)
2nd job - £2000 (20% tax, (£400))

Come April you've only earnt £5k, so you would get a cheque for £400 from HMRC.

I can choose to cover both jobs with enough allowance that will not require tax decuctions.. only if the second job earnings are taken into account for the actual months of work (before the end of the tax year).
That's what I'm trying to say. I can split my income but if my earnings are estimated for a whole year even for the second job, then there'll be deductions from my payslips anyway.
I know I can get them back but since I'm rather skint I was hoping not have to pay taxes now, that'd be the best thing for me.

Since the two jobs would have about the same amount of hours, I've estimated that if I split my personal allowance between the 2, I'd "save" about £30 a month(instead of keeping the 2nd job with BR code)... sounds worth a call to the HMRC to me

Btw I've just noticed this: the tax code on my payslips is 724L not 747L... do you know why is that?? Does it have to do with the fact that I received a Maintenance Grant this year?