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Author Tax - Students
Jamie
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Registered: 1st Apr 02
Location: Aberdeen
User status: Offline
27th Mar 04 at 11:46   View User's Profile U2U Member Reply With Quote

I think i'm paying too much on tax...

I'm a full-time student, and work part-time at a local restraunt/pub.

Do on average about 20-30 hours a week, but get taxed


PAYE TAX 2.60
National Insurance 2.81


Anyone help me out?
Shane
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Registered: 10th Jan 04
User status: Offline
27th Mar 04 at 11:47   View User's Profile U2U Member Reply With Quote

wish i could pay that much tax and N.I
Jamie
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Registered: 1st Apr 02
Location: Aberdeen
User status: Offline
27th Mar 04 at 11:48   View User's Profile U2U Member Reply With Quote

Apparantly I shouldnt be paying any?!
Dom
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Registered: 13th Sep 03
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27th Mar 04 at 11:59   View User's Profile U2U Member Reply With Quote

no, if you in full time education mate then you only pay NI i believe. Thats what i did when i worked last summer, only payed the NI, but i still got taxed like 80 odd quid and i had to claim it back
wezjax
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Registered: 28th Mar 02
Location: mansfield,notts
User status: Offline
27th Mar 04 at 12:08   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by J-Me
PAYE TAX 2.60
National Insurance 2.81




wish i only payed that
koolkorsa
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Registered: 15th Jun 03
User status: Offline
27th Mar 04 at 12:09   View User's Profile U2U Member Reply With Quote

You're allowed to earn up to £5k or £6k a year without paying income tax. i.e. the first £5k u earn is tax free. Then above £5k to about £20k you get taxed 22%ish on that figure.
LukeGSi
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Registered: 9th Dec 03
User status: Offline
27th Mar 04 at 12:10   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by J-Me
PAYE TAX 2.60
National Insurance 2.81



i know your a student but feck....my deductions this month were £1024
mentalcorsa
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Registered: 19th Dec 02
User status: Offline
27th Mar 04 at 12:14   View User's Profile U2U Member Reply With Quote

i got taxd and am i student , i filled in my tax return form last week and am getting all 250 of it bk
drunkenfool
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Registered: 7th Feb 03
Location: Hereford Drives: Audi R8 V8
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27th Mar 04 at 12:15   View User's Profile U2U Member Reply With Quote

I am being taxed at the moment too,but im only working part time and probably wont earn £5k, so i will have to claim it back.
eightball
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Registered: 14th Oct 03
Location: Glasgow
User status: Offline
27th Mar 04 at 12:27   View User's Profile U2U Member Reply With Quote

everyone gets taxed. period. it's just that in full time education, you usually don't physically have the spare hours to earn enough to be taxed on. you are allowed to earn approx £80pw before this happens. according to inland revenue, as a student you should be paying tax if you work in term time, but not when on holiday. if you start to earn a lot more than usual, then you go on an emergency code & get raped. phone the local tax office and they'll explain it to you.
Ryan L
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Registered: 4th Mar 03
Location: Essex
User status: Offline
27th Mar 04 at 13:02   View User's Profile U2U Member Reply With Quote

have a got to fill a form in to get my tax back or do they do it automatically for me as i'm owed bout 300
Foz
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Registered: 8th May 02
Location: Bristol
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27th Mar 04 at 13:03   View User's Profile U2U Member Reply With Quote

students shud get taxed more just for being students.
Ryan L
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Registered: 4th Mar 03
Location: Essex
User status: Offline
27th Mar 04 at 13:04   View User's Profile U2U Member Reply With Quote

^^ good one

can anyone anser my question above

[Edited on 27-03-2004 by Ryan L]
Ryan L
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Registered: 4th Mar 03
Location: Essex
User status: Offline
27th Mar 04 at 13:41   View User's Profile U2U Member Reply With Quote

anyone
Gavin
Premium Member

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Registered: 3rd Apr 02
Location: West Midlands
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27th Mar 04 at 13:44   View Garage View User's Profile U2U Member Reply With Quote

i think it al depends on how much u earn in a year!

i was getting taxed in my last p/t job!
only about £20 a month and some pounds towards NI


pew pew pew pewwwww
vibrio
Banned

Registered: 28th Feb 01
Location: POAH
User status: Offline
27th Mar 04 at 13:57   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by J-Me
I think i'm paying too much on tax...

I'm a full-time student, and work part-time at a local restraunt/pub.

Do on average about 20-30 hours a week, but get taxed


PAYE TAX 2.60
National Insurance 2.81


Anyone help me out?



you get taxed if you earn over your tax limit. you pay national insurance if you earn over the limit per month. I don;t think have to pay national insurance as a student if you don;t want to
Ryan L
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Registered: 4th Mar 03
Location: Essex
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27th Mar 04 at 14:31   View User's Profile U2U Member Reply With Quote

how do i get my 250 quid back i've been taxed
vibrio
Banned

Registered: 28th Feb 01
Location: POAH
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27th Mar 04 at 14:39   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ryan L
how do i get my 250 quid back i've been taxed



are you due your tax back. if so phone up your local tax centre
Ryan L
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Registered: 4th Mar 03
Location: Essex
User status: Offline
27th Mar 04 at 14:44   View User's Profile U2U Member Reply With Quote

will do when i'm back home, i only earned like 4000 grand last year in the summer but was getting taxed each month along with NI
BlueCorsa
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Registered: 14th Jan 04
Location: Midlands Drives: MB SLK250 CDI
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27th Mar 04 at 16:38   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by eightball
everyone gets taxed. period. it's just that in full time education, you usually don't physically have the spare hours to earn enough to be taxed on. you are allowed to earn approx £80pw before this happens. according to inland revenue, as a student you should be paying tax if you work in term time, but not when on holiday.


^^^^^ This is correct I believe, you get taxed if you work during termtime, but employment during holidays is allowed tax-free. The form you need is P38s:

http://www.inlandrevenue.gov.uk/pdfs/emp2003/p38s-03.pdf

T
dirtydan
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Registered: 3rd Sep 03
Location: Canvey, Essex Drives : Corsa Sport
User status: Offline
27th Mar 04 at 17:10   View User's Profile U2U Member Reply With Quote

LOL.. im full time student started new job other week handed all my old work p45 etc etc to stop me getitng tax'd... every1 except about 3-4 peps who i work wit have same prob gettign taxed £22 and only workign 16 hours atm. Will get it rebated and make sure they sort it then :/

 
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