From:  sk8terg1rl 
Newsgroups: uk.legal uk.finance
Subject: Re: Overpaid PAYE tax?
Date: Tue, 05 Jun 2007 04:35:32 -0700
   posting-account=Mb4I8Q0AAACZWnfzrgi2Y63Mp7QYNLXj

Hi Andy,

On 5 Jun, 09:00, "Andy Pandy" 
wrote:
> "sk8terg1rl"  wrote in message
>
> news:1180989488.535609.306460@d30g2000prg.googlegroups.com...
>
> > Hi group,
>
> > Here are my statement of earnings for my 2 years at uni. This
> > represents "casual pay" work at college. I do a bit of private
> > tutoring paid for with cash and make a bit from the stock market
> > (dividends + capital gain).
>
> > Casual college pay + private tutoring work is definitely under =A35k.
> > Stock dividends + capital gain also definitely under =A39.2k
>
> Which should mean no tax at all. Dividends count as income, but they will=
 be paid net
> of basic rate tax, so no further tax liability unless you pay higher rate=
 tax (IIRC
> you can't reclaim the tax credit even if you don't earn enough to pay tax=
)=2E

Okay, thanks for clearing that up.

>
> > Has my college's finance department applied tax wrongly to me when
> > none is due? I am scrupulously honest but am loathe to want to
> > contribute to hideous =A3400,000 London 2012 Olympics Logos, ID cards
> > and so on...
>
> The worrying thing is that the logo is only 0.004% of the projected cost =
of the
> Olympics!!

I'll say. And don't forget these are people from the same lot who
decide how to spend our trillion =A3 GDP. Makes you shudder.

>
> > Also, why did my tax code change from BR non cumulative to BR
> > cumulative from my first year to the next?
>
> You shouldn't be on a BR code at all, that's the problem. The college has=
n't screwed
> up - the tax code gets set by HMRC and the employer just uses the code th=
ey are told
> to.

Strange how I must go to Usenet to get an answer for this. The finance
office staff at my college have no idea why I'm getting taxed.

> Did you say the college job wasn't your "main job" in the tax form you fi=
lled in when
> you got the job? If so that's why you've got a funny tax code, rather tha=
n a proper
> one like 522L.

I didn't fill in any tax forms when I got the college tutoring jobs. I
simply filled out a "casual pay" form and entered my NI number,
personal & bank details.

My tutoring work was for weaker first year students, those who didn't
do further maths in their A-levels (and are hurting because of it) and
also various paid tasks in the department that needed doing
(departmental fresher tours and so on).

I think the wrong tax code came about because my first job was several
months in a secretarial job before I came to uni. At that time I was
trying to get away from my family who had so thoroughly messed up my
life and got my financial independence by grabbing (almost) the first
job I could find. I literally ran away from home for a few months and
didn't talk to any family. I don't tend to speak of this because it is
a repressed memory. In the end I decided I hated that job (and its
future prospects) more than I hated my parents, ate humble pie and
went back home.

> You need to phone your tax office (the number will probably be on your pa=
yslip or
> P60) and explain the situation to them. You should then either get a prop=
er tax code
> for the college job, or an NT code (no tax) - in both cases it'll mean no=
 tax will be
> taken if you earn within the personal allowance.
>
> You should also ask the tax office for a tax return (or do one online) to=
 claim back
> the tax they've taken off you. It's easy to do online, but you need to re=
gister with
> the govt gateway first:
>
> http://www.gateway.gov.uk/
>
> --
> Andy

Okay, thanks. I'll do that. I could really use the money.

skate xx