http://www.studenttaxadvice.org.uk Wed, 11 Jun 2008 11:26:29 +0000 http://backend.userland.com/rss092 en In the tax year that finished on 5 April 2008, the first £2,230 of your taxable income was taxed at 10%. You then paid tax at the basic rate of 22% up to £36,000. Any earnings above this were taxed at 40%. From 6 April, the10% rate was abolished for earned ... http://www.studenttaxadvice.org.uk/?p=37 If you lose your P60, your employer is allowed to give you a duplicate, but this must be clearly marked as being so. Your employer cannot issue a duplicate P45 under any circumstances. If you do not have either of these documents your payslips may help. Not being ... http://www.studenttaxadvice.org.uk/?p=36 If you think you have paid too much tax during the tax year you can ask your Tax Office to review your records to see if you might be due a repayment. If you’re not working, ask for a form P50. It explains on that form how you can claim ... http://www.studenttaxadvice.org.uk/?p=35 If over the tax year you earn less than your Personal Allowance and have paid some tax you can claim a refund. Find out more in Facebook or here http://www.studenttaxadvice.org.uk/?p=31 With a few exceptions (such as an ISA), savings interest is normally taxed automatically. However, if you expect to earn less than your Personal Allowance during the tax year ending 5 April, you can stop this happening by filling in a Form R85 when you open an account. Banks and ... http://www.studenttaxadvice.org.uk/?p=23 Some students have become quite entrepreneurial and are running their own businesses, for example setting up a bicycle repair service, or making money from an internet site. If you are running your own business you need to register with HMRC for self employment and National Insurance contributions within 3 months of ... http://www.studenttaxadvice.org.uk/?p=22 For National Insurance, your earnings are looked at weekly or monthly rather than annually like income tax. Unless your employer has incorrectly deducted National Insurance contributions based on the above limits, you cannot obtain a refund. http://www.studenttaxadvice.org.uk/?p=21 Your employer should deduct National Insurance contributions from your earnings whenever you earn above a certain level (£100 per week or £435 per month in the tax year to 5 April 2008, £105 per week or £453 per month for the tax year 6 April 2008 to 5 April 2009). http://www.studenttaxadvice.org.uk/?p=20 Your National Insurance Number (NINO) is shown on your National Insurance card which you usually receive for your 16th birthday. If you’ve lost your NINO card but you have given it to your employer in the past, you will normally find your NINO on your payslips or any P45 or ... http://www.studenttaxadvice.org.uk/?p=19 Using the correct NINO will make sure the National Insurance contributions that you pay are recorded against your name and will also help you pay the right amount of tax. You should tell each employer your NINO when you start work with them. Always quote your NINO correctly. http://www.studenttaxadvice.org.uk/?p=18