I am employed full time, and I would expect that my tax is paid by my employer.
Should I investigate that matter?
2007-01-20 10:26:23 · 4 answers · asked by Ir o 1 in Business & Finance ➔ Taxes ➔ United Kingdom
As everyone says "you need to investigate". One possible reason is that if this a new job and you have not worked in this financial year the tax code predicts that you will not earn the personal allowance before April 5 and therefore will not have to pay any tax in this year. Things will change at 6th April though!
2007-01-21 01:49:00 · answer #1 · answered by Davy B 6 · 0⤊ 0⤋
Are you saying that your tax code is '0' or that you have paid £0.00 in tax?
I am assuming that you have paid nothing in tax, which is quite concerning if you are a full time worker.
You are allowed to earn a certain amount of money before tax and national insurance are deducted from you, and this is called 'free-pay'. Everyone is entitled to this, but your earnings would be very low not to be paying tax on full time employment.
However, the Inland Revenue website does have pay calculators so you can check this out for yourself.
http://www.hmrc.gov.uk
2007-01-20 23:35:02 · answer #2 · answered by Mrs W 2 · 0⤊ 0⤋
A tax code of zero means you will not receive free pay credit - thus you will pay full tax on every penny you earn. "Why" you ask? Because the HM Inland Revenue do not have enough details on you to provide a tax code. If I were you I would go to your employers Human Resources or Payroll department and ask for their help in sorting this out.
2007-01-20 21:49:14 · answer #3 · answered by D M L 4 · 0⤊ 0⤋
You should ask your employer if there is anything you don't understand about your job or paycheck.
2007-01-20 10:37:50 · answer #4 · answered by icprofit6000 7 · 0⤊ 0⤋