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    I have just got a job and calculated that I will earn about £2000 a year from it.

    Do I need to contact the tax people and tell them this?
    I am 17 and in sixth form.
    Will I be taxed for this?
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    Where is your job at? If you're self employed you are responsible for declaring your own income but assuming the job you've got is at a company they will sort it all out for you you won't be taxed on £2000 a year anyway, I think the tax threshold is somewhere around the £150 per week mark

    congrats on getting a job!
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    Cash in hand = win
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    (Original post by Negotiator)
    Cash in hand = win
    7
    exactly
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    (Original post by NotMyToothbrush)
    I have just got a job and calculated that I will earn about £2000 a year from it.

    Do I need to contact the tax people and tell them this?
    I am 17 and in sixth form.
    Will I be taxed for this?
    You are allowed to earn £9440 before you pay tax. http://www.hmrc.gov.uk/rates/it.htm#2
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    (Original post by meenu89)
    You are allowed to earn £9440 before you pay tax. http://www.hmrc.gov.uk/rates/it.htm#2
    Even though I'm not taxed on it, do I still have to tell them?

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    (Original post by NotMyToothbrush)
    Even though I'm not taxed on it, do I still have to tell them?

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    If you are an employee, your employer will tell them.
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    (Original post by NotMyToothbrush)
    Even though I'm not taxed on it, do I still have to tell them?
    Yes you still have to declare it...Your company should do this for you and you'll get a tax code through in a couple of weeks.
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    (Original post by meenu89)
    If you are an employee, your employer will tell them.
    (Original post by Sarah120610)
    Yes you still have to declare it...Your company should do this for you and you'll get a tax code through in a couple of weeks.
    Ah, ok, I'll leave it to them then. Thanks
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    wow where do you work??
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    (Original post by eyre2)
    wow where do you work??
    At a pub.

    is £2000 good then?
    I work 4 days a week (half days) so about 2 days a week full-time.
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    You might find you pay tax on your wages to begin with. When I first started my part-time job, I was having tax deducted even though I wasn't eligible for paying tax until we contacted HMRC and I was given the correct tax code. Fortunately, you get all the tax given back to you in a nice big lump sum, which is nice to see!

    It may not happen, but if it does it is best to sort it early.
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    (Original post by NotMyToothbrush)
    At a pub.

    is £2000 good then?
    I work 4 days a week (half days) so about 2 days a week full-time.
    £2000 is a lot! your lucky! i used to work in a pub, i was no where near earning that amount!
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    (Original post by Joshalos)
    You might find you pay tax on your wages to begin with. When I first started my part-time job, I was having tax deducted even though I wasn't eligible for paying tax until we contacted HMRC and I was given the correct tax code. Fortunately, you get all the tax given back to you in a nice big lump sum, which is nice to see!

    It may not happen, but if it does it is best to sort it early.
    Emergency tax, right?
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    (Original post by NotMyToothbrush)
    At a pub.

    is £2000 good then?
    I work 4 days a week (half days) so about 2 days a week full-time.
    £2000 doesn't add up to me.... Assuming you work 16 hours as an example (2 full time days) this would work out as £38 a week, or £2.40 an hour. That's well under minimum wage....are you sure you've worked it out right?
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    (Original post by SpottedZebra)
    £2000 doesn't add up to me.... Assuming you work 16 hours as an example (2 full time days) this would work out as £38 a week, or £2.40 an hour. That's well under minimum wage....are you sure you've worked it out right?
    I got my first pay packet yesterday containing £150 for 3 weeks work. This time period had one unusually short week, one average week and one long week therefore I averaged it as being an average three weeks.

    Making the assumption that I am to work 50 weeks a year I get £2500. However I deducted £500 to account for additional time off and just to be generally pessimistic.
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    (Original post by NotMyToothbrush)
    I got my first pay packet yesterday containing £150 for 3 weeks work. This time period had one unusually short week, one average week and one long week therefore I averaged it as being an average three weeks.

    Making the assumption that I am to work 50 weeks a year I get £2500. However I deducted £500 to account for additional time off and just to be generally pessimistic.
    On your pay slip did it say your hourly rate?
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    (Original post by SpottedZebra)
    On your pay slip did it say your hourly rate?
    £3.68
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    (Original post by NotMyToothbrush)
    £3.68
    ahh ok, I guess your days must just be shorter....an average of £50 a week at £3.68 an hour works out at about 13 hours a week
 
 
 
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