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Old 02-14-2013, 04:31 AM   #1
Czrzftmz

Join Date
Oct 2005
Posts
380
Senior Member
Default Issue for anybody who is aware of UK tax methods.
As I believe I would be eligible for a return I've got a questions about my duty. Ostensibly, I left my old work for another, better spending one, in March 2008. My tax rule with this year (6 April 08 - 5 April 09) is 549L based on my PAYE Coding Notice notice. Nevertheless, it has been determined in January 09, I suppose, on the assumption annually I was sticking with my old business at a salary of 13,500. Additionally, it says that I'd pay @ 20% to duty on any profits between 5435 and 34600 I began my new work on 10 March 2008 @ 18,500 annually. Must this mean I'd another tax code? The tax code on my payslips with my new company was 543L. I wound up just residing at this project for around six months before leaving to visit University; I’ve perhaps not experienced work since, In addition to that. My ultimate payslip from my boss (dated 22 August 2008) states under "Year to Date"; Major Taxable Pay - 8150.53 Duty Paid - 1176.80 Now I suppose that I was paying tax in ways that it'll all perhaps as much as be the correct amount if I was there for the entire tax year and consequently gained 18,500 over the span of the year. (Is that right, with a taxcode?) that must suggest that I only pay tax on which I make over that amount as I've got a tax free allowance around 5430? Meaning the quantity tax should be paid by me on is approximately 8150 - 5430 = 2720. Because if things have been worked by me out right, I've paid 1176.80 on an overall total taxable income over my money of 2720, by which case I will obtain a return of some of the duty I've paid. By my reasoning, easily have an overall total taxable income of around 2720, two decades of this could be 544. I will obtain a return of around 1176-544 = 632, as I've paid an overall total of 1176.80 in duty Am I going across the right lines here? Or am I laughably off base? Do they've any idea when I might obtain it if therefore and what sort of reimbursement I might be eligible for, if anybody is truly proficient at this sort of thing? As I've perhaps not had every other type of substantial taxable income within the year either, an aside.
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