I work full time in my first job.
2007-01-05 15:41:55 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
Easy. If you earn over £7185 per tax year at your first job the answer is NO, if you earn under YES, or at least some of the tax.
The Personal Allowance (tax free amount) of £5035 (for 06/07 tax year) plus the 10% band of £2150 = £7185. Over that amount you are taxed at 22% (BR)
2007-01-07 07:21:23 · answer #1 · answered by Cyfran 2 · 0⤊ 0⤋
Now you get the precise information. Step a million - 2d interest - P46 - tick field C (because of the fact which you DO have yet another interest)and that company might desire to function code BR. Step 2 - make notes of the corporate references of your jobs, make an assertion of income in each and each interest, word your nationwide insurance variety. Step 3 Wait a minimum of a week for the corporate data to get onto HMRC device Step 4 - telephone the touch centre - ask to have your allowances chop up for the time of the two jobs. they are going to allocate allowances and your employers (and you) gets a "word of coding" and the 2d interest has the steadiness of allowances and the overpaid tax is decrease back to you. that could be somewhat roundabout yet you wind up with all your allowances used which means extra money to you.
2016-12-15 16:56:06 · answer #2 · answered by ? 4 · 0⤊ 0⤋
If you are a student - special rules apply see the HMRC website for details.
General, your paye deductions in your second job would be based on all income being taxable.
If at the year end, your total income was below the threshold for tax, or you have paid too much tax, you may be able to claim back the excess tax paid.
see http://www.hmrc.gov.uk/individuals/index.shtml for more information.
2007-01-05 19:23:17 · answer #3 · answered by David P 7 · 0⤊ 0⤋
This all depends on if you are exceeding what they call the 'free pay' allowance if you are in the UK. If you have two jobs this is likely to happen.
However, check out the Revenue & Customs website at http://www.hmrc.gov.uk and look at the table of allowances under the employer's section.
2007-01-07 01:59:43 · answer #4 · answered by Mrs W 2 · 0⤊ 0⤋
Go to www.irs.gov
You will find the answers you need.
2007-01-05 17:46:35 · answer #5 · answered by Floyd B 5 · 0⤊ 2⤋
no..only if you have overpaid
2007-01-05 15:54:48 · answer #6 · answered by Anonymous · 0⤊ 0⤋