From: Nick Read 
Newsgroups: uk.finance
Subject: Re: Student - confused!
Date: Sat, 31 Jul 2004 22:12:34 +0100

On Sat, 31 Jul 2004 21:17:31 +0100, "Darren" 
wrote:

>Hi, this is doing my nut in now.
>
>I'm a full time student currently on summer holiday and a month ago I
>started working for J.D. Wetherspoons full time. This is my first ever job.
>Since I started I was on tax code BR but after filling in a p46 and sending
>it to my employers pay roll dept [this was requested] it has now changed to
>474L WK1. However, I feel like I'm getting a bad deal.
>
>This week I have paid less tax but compared to people in the same situation
>as me, I feel ripped off.
>
>My colleagues who are also students are paying £0 tax on £200/pw, I was
>under the impression that the same would apply to me until I earn £4745 for
>the year.
>
>To date I have paid £128.65 tax on £698.43 earnings and £36.79 NI.
>

Have a look at ;
http://www.inlandrevenue.gov.uk/students/work_hols_while_student_8_1.htm

You need to fill in form P38(S) and a PDF of it can be downloaded from
this page. Once you complete this form and give it your employer
you'll be given an 'N' tax code so no tax will be deducted, and
they'll refund what they've deducted so far.

You still have to pay NI though, it makes no difference to National
Insurance whether you're a student or not.


Nick