If I were to tick the box for a second job on my P46, how much tax will I be paying on that job?
2006-09-15 02:52:36 · 5 answers · asked by Ash 1 in Business & Finance ➔ Taxes ➔ United Kingdom
Basic rate - 22%
2006-09-15 03:01:21 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You will have to pay 22% on the total gross pay ( rounded down to the nearest pound).
If you dont use all your allowance on your main jon ( currently £5035 for average person) you could ask the Inland Revenue to split your tax allowance.
Be aware though, if you are a higher earner ( taxable earnings over £33,300 per year), the Inland Revenus can change your secong job so as you pay 40% tax or ask you to pay the difference back when they do the end of year returns.
2006-09-15 03:11:20 · answer #2 · answered by DENISE A 1 · 1⤊ 0⤋
Same as the rate you are paying unless you go up a level
2006-09-15 03:01:28 · answer #3 · answered by Anonymous · 2⤊ 0⤋
22%
2006-09-15 03:00:23 · answer #4 · answered by welshchick 2 · 0⤊ 1⤋
yep 22 % im afraid
2006-09-15 10:19:44 · answer #5 · answered by ~Lez~ 2 · 0⤊ 1⤋