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Author Tax Question
ashleh
Member
Registered: 23rd Dec 08
Location: Nottingham
User status: Offline
25th Apr 12 at 10:31   View User's Profile U2U Member Reply With Quote
Right, started work in August and after I'd gone over my personal allowance (£7000 something) I started paying tax. Am I wrong in thinking that I should be able to earn £8,105 untaxed again considering it's a new tax year? Or am I talking complete bollocks and don't have a clue what I'm talking about?
corsajay88
Member
Registered: 22nd Aug 11
Location: Upton, Cheshire
User status: Offline
25th Apr 12 at 10:36   View User's Profile U2U Member Reply With Quote
The allowance is split into 52 weeks, so if you earn more than your allowance divided by 52 in a week you pay tax on it
luciaadr
Member
Registered: 11th Aug 04
Location: Bexleyheath, Greater London
User status: Offline
25th Apr 12 at 10:37   View User's Profile U2U Member Reply With Quote
Yes you are right, sort of

If you are at the same employer, they will give £8105/12 tax free each month rather than wait until you earn over the nil rate band

Edit: too slow

[Edited on 25-04-2012 by luciaadr]

 
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