Summer Internship Pay - Taxes

Well, you'll be receiving pay for the holiday you won't take, I assume, so you'll be getting £9000 pre-tax? And you're taxable above £7475, I think, in 2011. So that's £1525 taxable, at a basic rate of 20%, which is £305, plus NI contributions, which will be £200 odd. So you'll probably end up on £8500, or a little less.

In the end this will approximately true. However your take home will likely be a bit lower as you will be taxed as if you were working full time and then have to claim the income tax back next April/May.

Hi mate, do you know how to claim back the tax?

I've done an internship last summer, but I don't think I have the P45 form with me currently. (It was with HR)

I'm an international student so I don't know how the process work out in the UK and I'd appreciate a lot if you could help.

Thanks!

It should be reasonably straight forward. Phone up your local tax office and go through the menus. They will ask you for your national insurance number.

To find your tax office use this site:http://search2.hmrc.gov.uk/kbroker/hmrc/locator/locator.jsp?type=1

If you were only issued with a National Insurance number when you started your internship then it is likely that your tax office is the office which covers the post code area for the place you worked. For The City and Canary Wharf that would be this one.

I'm in the same boat as you elva2sam, were you able to claim any tax back? I was going to call the tax office but if you didn't have any luck with it I won't bother

In the end this will approximately true. However your take home will likely be a bit lower as you will be taxed as if you were working full time and then have to claim the income tax back next April/May.

Oops didn't mean to neg you - accident.

Are you sure you have to wait till the end of the tax year? I think you might be able to do it instantly if you're not planning on earning any more.


And for those asking, reclaiming tax is a lot easier than you might think. I just sent a letter with a copy of my P45 and some brief calculations as to what I should have paid and they sent me a cheque within a couple of weeks.


Also, for full time students who work only in holidays and who don't earn more than the tax-free allowance of £7thousand and something then do a P60. It basically means you don't have to pay any income tax because you're not going to earn more than the threshold, thus saving you the hassle of reclaiming it.