Tax Code

[golfgt]

Hi, i dont know if this is the right topic im starting this thread or not but ive got a question on tax codes.

Ive just started a job and my tax code is BR and im getting wacked on tax. What is the right tax code i need, i need to fill in my P46 and hand it in and ive researched on the net but i just dont get it.

Any help would be nice.

[moaningmags]

BR is emergency tax I think. The majority of people are on 674L or 647L, someone will be along soon to correct me

[SnoopZ]

Didn't you have a P45 from your last job? as that'll have your last tax code on it and you need to give that P45 to your employer.

[Arthurgray50@blu]

If you have started a new job, you are normally put that code, but normally you will get that all back, when your new code is confirmed.

[Kymmy]

The new standard tax code is 647L

BR = BASIC RATE so is the standard 20% until they know better.. Normally used on 2nd jobs where your first job takes up all of your tax free allowance

http://www.paypershop.com/faq/taxmean.html

[golfgt]

Cheers for your help. Nah this is my first proper job, the one before was part time cash in hand.
From the P46 the option are.

Option A: This is my first job since last 6 April and I have not been receiving taxable Jobseeker's Allowance or taxable Incapacity Benefit or a state or occupational pension.

Option B: This is now my only job, but since last 6 April I have had another job, or have received taxable Jobseeker's Allowance or Incapacity Benefit. I do not receive a state or occupational pension.

Option C: I have another job or receive a state or occupational pension.



For this i ticked option A,
but then the tax code options are

A: Emergency code on a cumulative basis
B: Emergency code on a non-cumalative week1/month one basis
C: Code BR

Then asked for Tax code used .....................

[Paul M]

Are you sure you have to fill that part in ? Sounds like that section is for your employer to me.

[Raistlin]

Agreed, that bit sounds like something your company's payroll office should be completing

[superbiatch]

I think you usually have a P46 to complete when you haven't got a P45. I've had to do this once or twice, but not for a while. From what I can remember I just completed the bits i could and then handed it to payroll to finish off

[SnoopZ]

Originally Posted by superbiatch

I think you usually have a P46 to complete when you haven't got a P45. I've had to do this once or twice, but not for a while. From what I can remember I just completed the bits i could and then handed it to payroll to finish off

That's correct i did it a few months ago and those are the questions on it that i had to answer.

[golfgt]

I asked my employer he said I got do that part because he doesnt know, he has filled in the rest but just not that part. i am paid monthly so would it be 247L?
I want to make sure I get the right code before I hand it in to him, dont want to be getting wrong.
Will this code stay until April 2010 or would i need to change it again then?

[SnoopZ]

I think it's upto the tax office to sort it out after a few pay packets but i'm not sure.

[Flyboy]

All of your income is being assessed for tax at the basic rate, i.e., all of your income is being charged at the basic rate and no deduction is being made for any allowances. You are (typically) entitled to the personal tax allowance of six thousand four hundred and seventy-five pounds. For the remainder of this tax year (until the fifth of April), this will be applied pro rata, so anything you earn above one thousand six hundred and eighteen pounds, between now and then, will be taxed at the appropriate rate and anything below will not attract any tax at all.

Emergency codes are issued when your employer has not been given notification of any tax coding, which you are entitled to, by their tax office. When your employer completes and submits your P60 (the form used to tell Her Majesties Revenue and Customs how much you have earned that year), he will inform the tax office of your earnings for that year and assuming your tax affairs are straight forward, the tax office will rebate you any overpayments; either via your pay, or directly to you, by cheque. It is unlikely that the tax office will issue you with a tax coding in sufficient time for it to be enacted by the end of this tax year, so I am afraid it is a matter of sitting tight until your employer and their tax office get their act together to sort it out between them.

---------- Post added at 21:35 ---------- Previous post was at 21:32 ----------

Originally Posted by golfgt

I asked my employer he said I got do that part because he doesnt know, he has filled in the rest but just not that part. i am paid monthly so would it be 247L?
I want to make sure I get the right code before I hand it in to him, dont want to be getting wrong.
Will this code stay until April 2010 or would i need to change it again then?

No, assuming that your tax affairs are as straight forward as most people's, your tax coding should be 647L. But I am kind of concerned that your employer says that he doesn't know what it should be. How many employees are there at the company you work for?

[golfgt]

There are about 10, but most are on part time, only a couple of us that are full time. Asking another full time employees to check his code would sort it out and i can put the same one?

[martyh]

this thread puts me in mind of a conversation i over heard in the chipshop yesterday,
a young man ,about 19-20 was talking to his pal about his wages he had just got and was moaning about the tax he had paid because he had just started his job and thought that the first £6000 were tax free so untill he had earned that amount he couldn't understand why he was paying tax and was going to see his boss about it on monday morning and "give him a good telling 'cos he's worked it out wrong"