Student - confused!

Hi, this is doing my nut in now.

I'm a full time student currently on summer holiday and a month ago I started working for J.D. Wetherspoons full time. This is my first ever job. Since I started I was on tax code BR but after filling in a p46 and sending it to my employers pay roll dept [this was requested] it has now changed to

474L WK1. However, I feel like I'm getting a bad deal.

This week I have paid less tax but compared to people in the same situation as me, I feel ripped off.

My colleagues who are also students are paying 0 tax on 200/pw, I was under the impression that the same would apply to me until I earn 4745 for the year.

To date I have paid 128.65 tax on 698.43 earnings and 36.79 NI.

Is this all correct or have I right to moan?

Thanks Darren.

Reply to
Darren
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P.S. My N.I. Rate is "A"

Reply to
Darren

Youu will probably find you get all the tax refunded after another week or so...exactly the same situation occurred with my daughter, I think it took 3 or 4 weeks for the tax paid to be refunded. If at the end of the tax year you have still paid too much tax (lets say you earned under 4745 but there is still some tax you paid) you can fill a form in and get a refund. If you get to a point where you wont be working again in the tax year and you are under the 4745 number there is another form you can fill in that effectively says 'I wont be earning any more this year so give me my tax back'. Consider any tax you have paid to date as enforced savings.

Reply to
Tumbleweed

Have a look at ;

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You need to fill in form P38(S) and a PDF of it can be downloaded from this page. Once you complete this form and give it your employer you'll be given an 'N' tax code so no tax will be deducted, and they'll refund what they've deducted so far.

You still have to pay NI though, it makes no difference to National Insurance whether you're a student or not.

Nick

Reply to
Nick Read

Take a look at this on Inland Revenue site. If that doesn't work you can apply for a refund for a few beers in the depths of winter.

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Reply to
Andy1973

You pay the tax on what you earn. At the end of the financial year if you have not earned the minimum to pay tax you get a refund but it will mostly likely be down to you to ensure you fill the correct forms in at the end of the year. The taxman does not know whether you are a student or not - as far as the IR is concerned you might be earning 200 PW x 52 weeks and have other forms of income as well. Look at it this way, if you fill in the forms correctly you will get a nice cheque sometime in the future... one way of enforcing students to save.

Welcome to the real World. :-)

Reply to
John Smith

In message , Darren wrote

Did your training include how to ignore customers. It appears to be the only qualification needed.

Presumably you were rejected by Macdonalds and you fit in well with the JDW customer care policy..

JDW care for their customers AND staff. I know this because I've seen the recruiting posters in their pubs. Surely such a large caring organisation should take care of you tax bill correctly? If you have a problem contact the personnel department. If you don't get satisfaction then your boss is named Tim Martin.

In all seriousness, most JDW pubs turn over tens of million of GBP per year and the local regional manager will fully understand the tax position of his employees or can sort it out with a quick phone call to head office. Rather than asking for advice on the newsgroups ask to see the manager of the pub you work in. I don't mean the dozen or so people who wear a 'manager' badges and only manage the cleaning of the ash trays or the collection of dirty glasses. Most of these people couldn't add up to twenty one if they used all the fingers and thumbs on two hand and removed their socks and underpants. They could not advise you on any tax related issues. Your real local pub manager will have his name above the entrance doors to the pub.. Your regional manager could be based in a nearby JDW pub but it is likely that he would also have his name above the door of the pub where you work.

Your problem appears to be something that an organisation as large as JDW can sort out without too much trouble

Welcome to the real world! The tax you are paying goes towards education :). Wait to you own property and have to pay even more taxes from the money you have left after paying the taxes you are complaining about.

It does no harm to question what you are paying but do JDW expect you to be working for them for the next 48 weeks of the year or do they know that you will be leaving them in 6 weeks time?

Reply to
Alan

Those surely tells the whole story .

No normal pub turns over 10m pa. A good pub might turn over 2k or so on a Saturday night.

One ourpose of this newsgroup is to give advice.

That's the licencee.

The accounts office will just use the information and tax codes from the Inland Revenue.

200 per week will take your earnings over 4845 if you continue working until 31 March next year so expect to pay some tax each month. Expect a refund once you come off the "week 1" tax code.

Irrelevant. Too much tax has been paid.

Moaning probably wont help. You need to wait for the Inland Revenue to send your employer your correct tax code. They will do this in their own time. The "week 1" tax code assumes you have been earning a similar salary from week 1 of the tax year. Once it is clear this is not the case, the code will change.

The employer just follows the PAYE rules. The Inland Revenue use "week 1" tax codes to cover themselves for (almost) all eventualities. If a student works for just 6 weeks the tax may not be refunded until next year. If the student continues to work until the "week 1" code changes, some tax will be refunded on the pay slip.

Reply to
dp

In message , dp wrote

Agreed - I got my facts wrong - on average a JDW turns over just 1.1 million GBP per year. However any JDW outlet that only took 2k on a Saturday is likely to already have been sold off .

Reply to
Alan

Completing the P38(S) gets round this. It is basically a statement to say that you are a full time student who will not earn more than the personal allowance. This allows the employer to use N as the tax code, so no tax is deducted whatever the student earns in any particular week or month.

Reply to
Nick Read

In message , Tumbleweed writes

He is on a WK1 basis so PAYE wont give him a refund until that is removed. He should contact his tax office and get that changed.

Reply to
john boyle

what if i continue to work about 6 hours per week during term time? does this break the holiday rule?

Reply to
Darren

Everybody loves to slag JDW off, yet you all still drink there. I would say you get what you pay for, but this is not true for JDW, we still go the extra mile and you only pay cheap prices.

Yes I was rejected by McDonalds, and thank god, I wouldn't change my holiday job for anything now!

I don't just clean ash trays, I know who my Pub Manager and Area Manager are, thanks. Though I did need a GNVQ to grasp this.

That's a good point, they do indeed think I'm staying for a year, I was, but now I'm going back to Uni.

Reply to
Darren

Strictly speaking yes, although I have known employers to leave students on an 'N' tax code right through the year, although they aren't supposed to.

If you are working right through the year you should really be on a standard '474L' code. This will mean you pay a small amount of tax now, but this will be refunded automatically through your wages when you drop down to working 6 hours a week.

Reply to
Nick Read

presumably, on this 474L code, I only get taxed if I earn over 91 each week?

Reply to
Darren

On a '474Lw1' code yes, each week is looked at in isolation, so if you earn over 1/52th of your personal allowance in any particular week, you will be taxed.

However, on a standard '474L' (note no 'w1' suffix), its averaged over the whole tax year, so say you don't work at all one week the tax free amount is carried over to the next week and you'll be able to earn £182 (£91x2) without being taxed.

Reply to
Nick Read

No. I and a number of friends have given up using JDW pubs. In the area local to me the quality of the beer and the lack of service from staff was found to be totally unacceptable. I guess the underage drinkers left like the atmosphere.

If all you require from a pub is cheap prices then you may get all you deserve. A JDW is not cheap if the beer sold is 'off' or the measures are 20 percent short .

So after 4 weeks you haven't been promoted to manager :)

I have been in a JDW where the number of staff on duty exceeded the number of customers but no-one was able to be served within 15 minutes. Most of the staff were working on the customers side of the bar. It was more important for a manager to be changing ashtrays, another manager collecting a few glasses and yet another manager using Brasso on the pumps. When asked, these 'managers' said that they could not serve anyone because they were not on bar duty and they were not keyed-in' to the tills.

Reply to
Alan

Hi Darren,

I am a full time student too and joined a temping agency this summer. I filled in a P38 (S), not available to download but available from your employer and I only pay NI on earnings above 83/week at 10pc. No tax deducted at all.

HTH, Joe

Reply to
Joe Hunt

Can i get moved onto the standard 474L code? Darren

Reply to
Darren

Since you completed a P46 this should happen automatically.

The P46 is sent to the tax office, who then look into your tax affairs to establish if you've received any earnings or paid any tax already this year. When they've worked this out, they send a Coding Notice to your employer (they usually also send you a copy) which should have the 474L code on it. When your employers receive this 474L code, their payroll system calculates how much tax you overpaid when you were on BR and 474L w1, and refunds it to you on your next payslip.

The problem is sometimes how long the Inland Revenue take to issue you with this new tax code - it can take weeks sometimes. If its taking too long to get your new code, keep pestering the payroll dept at work and the tax office until they sort it out. You will get the overpayment of tax back eventually one way or another!

Reply to
Nick Read

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