Chit Chat
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06 Jan 15
10:50
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09 May 05
If you have one job for lets say from from the beginning of the tax year April to September and your tax code is 1000L.
Then you take another job, so you now have two jobs. Your tax code is the split, so on both jobs your tax code is 500L. This is how it works.
However, all your wages on your first job from the start of the tax year will be re -calculated on the code 500L ( this called this is called a Cumulative Basis).
Now then this means (even though you only had the one job from April to September ) your Tax Free Allowance is reduced from £834 a month to £417 a month. Meaning that you will be have to pay ALL that tax that nobody with just one job has to pay, even though you only had the one fecking job for that period.
Of course you can claim it back at the end of the tax year, but what utter fecking madness!
Then you take another job, so you now have two jobs. Your tax code is the split, so on both jobs your tax code is 500L. This is how it works.
However, all your wages on your first job from the start of the tax year will be re -calculated on the code 500L ( this called this is called a Cumulative Basis).
Now then this means (even though you only had the one job from April to September ) your Tax Free Allowance is reduced from £834 a month to £417 a month. Meaning that you will be have to pay ALL that tax that nobody with just one job has to pay, even though you only had the one fecking job for that period.
Of course you can claim it back at the end of the tax year, but what utter fecking madness!
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You can choose which employment you would like to offset your tax code against before the end of the tax year. https://www.gov.uk/reporting-your-tax-code-as-wrong |
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How does that work Crisp me old mucker?
Can you elaborate? that link just leads me to changing tax codes. So it is possible to be 1000L for one of the jobs and the other job is zilch, but calculated onto the other one? so how do the two separate payroll departments suss that one out? |
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Work for cash in hand and sign on.
Sorted. |
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You can understand why people opt for that way Taxi. It saves pulling your eyeballs out while on hold to the tax office, or stabbing yourself with a biro trying to figure out why you are being punished for trying to get on.
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Click the link for Tell HMRC your tax code is wrong at the HMRC website Put in your existing tax code and the income from both the jobs and tell them why it is wrong. They will look into it and correct it if necessary. |