View Full Version : Emergency Tax?!?
virtual-angel
31-10-2003, 17:15
Can anyone tell me anything about emergency tax?
I started a new job last month and i think ive been emergency taxed although my payroll office says i havn't!
The code on my payslip is 461L and a quick google tells me that this is the emergency tax code but my office says no, thats my new tax code!
Can anyone shed some light cos it only just oayday and im skint already!!!!!!! :cry:
Unless all my staff are on emergency tax:disturbd: . 461L is a normal tax code.
edit- though I have just googled and it does appear that 461L is an emergency tax code for 2003-2004:confused:
edit-edit- just checked my code and it's 461L as well and I am definetly not on emergency tax!
.....so it looks like 461L is just a normal tax code:)
virtual-angel
31-10-2003, 17:34
Unless all my staff are on emergency tax:disturbd: . 461L is a normal tax code.
Thats what i didnt want to hear!
ok, my gross pay for the month was £1085, i was taxed £241.11 and n.i was £76.89 leaving me with just £767.00 take home pay! Isnt that an awfull lot to be taxed on a basic salary?
paulyoung666
31-10-2003, 17:40
Thats what i didnt want to hear!
ok, my gross pay for the month was £1085, i was taxed £241.11 and n.i was £76.89 leaving me with just £767.00 take home pay! Isnt that an awfull lot to be taxed on a basic salary?
you aint getting your correct allowance i reckon , at a rough guess you are paying about 25% too much tax , you really need to get onto your wages dept and your tax office to sort it out , if you have overpaid you will get it back :D
virtual-angel
31-10-2003, 17:47
you aint getting your correct allowance i reckon , at a rough guess you are paying about 25% too much tax , you really need to get onto your wages dept and your tax office to sort it out , if you have overpaid you will get it back :D
Cheers Paul, i will do but trying to speak to them is like :banghead:
You guys are awfully fond of taxes.
The figures you gave would imply that you are on emergency tax. My payroll person says that you can have a normal code and still be taxed on emergency rates. Speak to your payroll staff:shrug: ....sorry m8!
You guys are awfully fond of taxes.'Fond' is not the word I would use:afire:
The emergency tax code is the standard single persons allowance (i.e currently 461L). If you join a new company they will put you on this until they get a proper notification from the Tax office unless you have a P45 from your previous employer showing what you code should be.
If you have paid too much then you should get a refund when your peoper code kicks in.
paulyoung666
31-10-2003, 18:30
You guys are awfully fond of taxes.
so let me guess canada is tax free is it :eek:
The Diplomat
31-10-2003, 19:01
Just to clarify.... The Emergency tax code is 461L week 1 month 1.
As has been previously stated, any tax overpaid will be refunded when the correct code is applied.
NB this shouldn't happen if you are able to provide your up to date P45, unless you were previously on emergency code of course.
ian@huth
01-11-2003, 00:05
As the diplomat says, emergency tax is 461L week 1 month 1. This is to ensure that you pay the same amount of tax that someone on 461L pays no matter what month you start work.
The pay details that are quoted show that tax has not been deducted at the 471L rate but has been deducted at Basic Rate (22%)
The Diplomat
01-11-2003, 09:32
ok, my gross pay for the month was £1085, i was taxed £241.11 and n.i was £76.89 leaving me with just £767.00 take home pay! Isnt that an awfull lot to be taxed on a basic salary?
If your code was the emergency code ( 461L W1/M1 ), your pay breakdown would have been as follows....
Gross 1085.00
Tax 134.80
NI 76.89
Nett 873.31.
If your tax code on your payslip is 461L, The only way I can figure this has happened is if you have provided a P45 which shows an underpayment of tax for the year to date.
virtual-angel
01-11-2003, 10:02
If your code was the emergency code ( 461L W1/M1 ), your pay breakdown would have been as follows....
Gross 1085.00
Tax 134.80
NI 76.89
Nett 873.31.
If your tax code on your payslip is 461L, The only way I can figure this has happened is if you have provided a P45 which shows an underpayment of tax for the year to date.
This gets more confusing every time i look at it!!! :confused:
Ive been with my company for a month and a half so ive already had a payslip for the first half month, this came to £630 and i was taxed £34.70 (due to my first £350 odd being a non taxable allowance then the next £100 being taxed a 10% then anything after this at the correct rate of 22%) with a tax code of 461L M1, my tax paid to date was £34.70
In my second payslip, i have the tax code of 461L and been taxed almost a quarter of my wage which im sure is too much. My tax paid to date has now jumped from £34.70 to £927.10 ???? :eek:
What the feck is goin on? am i destined to be skint forever? :cry:
Sorry if this is to complicated for a saturday morning you guys
paulyoung666
01-11-2003, 10:08
it seems as though you are paying too much tax , the only way you will deffo sort this out is between your company wages dept and the tax office i reckon , dont worry if you have paid too much then you will get it back no problem , in a nice big lump , i know it dont help if you need it now but there you go , sorry i cant help any more than that :cry:
Right....I've got the tax tables in front of me atm.
If were talking about last months pay then thats 'month 6'(I think. Someone else does this for me usually). Now, on earnings of £1085 you should pay £238.70 tax minus £117.70 (starting rate relief at 10%).....this is slightly rough as I have not calculated your first months tax and tax relief and factored that into these figures (I hate doing this, with a vengance).
It would appear that they haven't taken off your tax relief from your basic tax ammount. Why? Ask them:shrug:
virtual-angel
01-11-2003, 11:36
Right....I've got the tax tables in front of me atm.
If were talking about last months pay then thats 'month 6'(I think. Someone else does this for me usually). Now, on earnings of £1085 you should pay £238.70 tax minus £117.70 (starting rate relief at 10%).....this is slightly rough as I have not calculated your first months tax and tax relief and factored that into these figures (I hate doing this, with a vengance).
It would appear that they haven't taken off your tax relief from your basic tax ammount. Why? Ask them:shrug:
Cheers Ramrod, I really appreciate this! Have a pint on me, i can almost afford it :beer:
Im gonna get this sorted once and for all
The Diplomat
01-11-2003, 12:20
Ok things are becoming clearer...
Your first payslip looks like you were taxed at 461L w1 / m1
Pay 630.00
Tax 34.70
NI 27.17
Nett 568.13
Is that right??
Then you have been paid £1085.0 0
:idea: They must have calculated it in the same tax month....
1085 + 630 = 1715.00
The tax liability on that amount is 273.40 which is the 34.70 + the 238.70.
Check your payslips mate.... are they for the same tax period?
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