Tax - TSR guide and questions thread

Hello, apologies if this has already been asked but I couldn't find anywhere.

I have a P38 form which I need to fill in tonight but I'm unsure what to put for the part which says 'am a student attending, name of school, college or other _____ and shall continue to attend until after 5 April next.' I've just finished sixth form and will be going to uni in September, but I only have conditional offers so I'm not sure where I'll be. I'm reluctant to put my firm choice in case they get contacted to confirm I'm already a student there, but then I can't put my sixth form because I won't still be attending up to 5 April! Can anybody help me please?

Unfortunately, I don't think that you can use the P38(S) concession as you'll be returning to a different institution. You should complete a form P46 instead: www.hmrc.gov.uk/forms/p46.pdf

How much are you expecting to earn from this job? It may be that you won't end up having any Income Tax deductions anyway, even without using the P38(S).

Thank you for your reply. I will be earning very little - at the moment it's only two days' work at minimum wage; there is a chance I will get more work during the rest of the summer but it will only be an absolute maximum of 2 days a week. I got the work through an agency who gave me the P38 form so I assumed it would be okay, but I will check the situation with them before I hand it in tomorrow.

Thanks guys, just need to get my P45 from my old job then now

Note that being a student makes no difference here - it's just your level of income that's important. When was this job - before or after 6 April 2011? In either case, my guide in the wiki should tell you what you need to know: http://www.thestudentroom.co.uk/wiki/Income_Tax_and_National_Insurance#Reclaiming_Overpaid_Tax

After April

Hi folks I'm wondering if anybody can help me out here.

I'm a full-time student and only earn £300 per month. Last year in my job I wasn't getting taxed as I filled out the necessary forms and they handled it which was fine.
Got my P60 through in April and it worked out to be £3,400 roughly that I had earned.

However, since the start of the financial year I have been getting taxed roughly £59 each month and it's eating into my finances quite badly. Is there any particular reason I am being taxed now or is it simply an error on my employer or HMRC's part?
On my payslip my tax code has remained the same so I'm not sure what's causing this problem.

Thanks for your help.

What's your tax code? The PAYE system that's used to collect income tax and NICs from employees works on a cumulative basis, so only treats you as having accrued a proportion of your personal allowance to set against your cumulative income to date for the proportion of the tax year that's elapsed to date. It might be this that's causing your issue, but I'd need to know your tax code and cumulative income to date to be any more specific.

(Btw, thanks for using the sticky - far too often I have to merge threads into it, and this way I see the post more quickly anyway!)

PM'd you the details. Thanks!

You'ven been given a tax code that doesn't reflect the full personal allowance (the 'standard' tax code for 2011/12 would be "747L", reflecting a £7,475 personal allowance). I won't post your tax code here as I can see that you'd rather it wasn't public, but to work out how much allowance you're being treated as having, multiple the code by 10 if it just ends with the standard "L".

Your Income Tax deductions appear (at least approximately) to have been calculated correctly, on the assumption that your tax code is correct. However, unless you have another source of income or a substantial tax underpayment from a previous tax year, I'd suggest that your code looks to be incorrect. If you can't explain why it's not "747L" I'd say this could well be an error (quite possibly just a typo in someone's data entry given what your code currently is ) I'd raise this with your tax office for an explanation or correction.

Cheers for your help.

I worked at a small place for about 8 weeks or so prior to my old job and quit that approximately 3-4 weeks into my new one but that was it. This is the only job I've had since September 2010.

I've been getting SAAS payments as well if that has any impact on it?

I think you get 5k before tax, they will take it off your pay cheque but you claim it back