ChatterBank5 mins ago
do you get taxed from the start of employment
Im 19. I started my job in march. before this job i was on job seekers allowance for 8 months, i heard that you have to earn upto 8 thousand pounds in a tax year before you get deducted any tax. yet I've been getting deducted around £30 for tax and n.i on around £247 a week . Should i be getting taxed this much yet? Thanks
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The PAYE liability is designed to even out your liability over the course of the tax year. It is based on an assumption that you will continue to be paid throughout the year at the same average rate as to date. It is not always a brilliant system at getting it right. If you stop work part way through the year or for some other reason end up overpaying the tax then you can apply to get the excess back.