I have a problem wrt that I am paying more tax than I should.
I feel that the reason being that during the summer I decided to take on some freelance locum work. I registered with IR as being self employed. My earnings for that period were £480, however I had a lot of traveling expenses and had to buy indemnity cover as well. I got exempt from class 4 NI contributions as the amount that I earned was so little. The self employed period lasted 2.5 weeks.
When I started my permanant job in Aug. I was put on an emergency tax code. 503L W1/M1 As a result I am being overtaxed. My colleagues who are on exactly the same salary receive about £460 a month more that I do.
I spoke to the IR and they said that I would have to sort it out in April. This seems a little harsh, and also the government are known for c*ck ups and delaying in paying out... eg CSA
Does anyone know how to best proceed?
The other question I have is as part of my work I need to be registered with the GDC, BDA, and have indemnity
GDC £660 BDA £111 Indemnity £250
I was told by an accountant that everyone has a threshold of £5000 that they do not pay tax on, and I could write to my local tax office with proof of the above and they would increase the threshold.