Have you been taxed for your vacation job? If you’re a Student, you will more than likely be able to claim the tax back.

Posted on by Torr Waterfield

If you have a job when you’re a student you may need to pay Income Tax and National Insurance.

You have to pay:

Your employer will usually deduct Income Tax and National Insurance from your wages through Pay As You Earn (PAYE).

If you’ve paid tax and stop working part way through the tax year you may be able to claim a refund.

Use HMRC’s tax checker to find out if you might have paid too much tax, or contact HMRC.

Fill in form P50 if you’ve stopped working or if you’re not going to work for at least 4 weeks, for example if you’re retired, still looking for a job or returning to study.

If you leave the UK to live abroad, there’s a different way to claim a tax refund on your UK income.

HM Revenue and Customs (HMRC) will normally refund you within:

  • 5 weeks of processing your claim – if you’re expecting a cheque (or ‘payable order’)
  • 5 working days of processing your claim – if you’re expecting a payment into your bank account

It can take up to 25 working days after your claim if your refund is for tax taken from your pay or pension and you have not got a P800 tax calculation.

If you do not get your refund

You should wait 5 weeks after making an online claim and 6 weeks after making a postal claim before contacting HMRC about the payment.

If you would like to discuss any of this further then please get in touch 0116 2423400 or info@torrwaterfield.co.uk

Becky Edwards, Payroll Manager

Published by Torr Waterfield

Dedicated to delivering a first class client service. Based in Leicester we have been established as a firm of Accountants since 2000 and today we continue to build on our enviable reputation for providing excellent advice and first class services to our business and personal clients alike. We have many clients in the local community small and large and in varied sectors. With seven directors and a supportive growing team, torr waterfield are here for all your accounting needs. Whether it's a Company start up, Annual Accounts or a Tax Return torr waterfield can provide a hassle free service. In addition to traditional auditing, accounting and tax services we pride ourselves on offering advice on how to improve and develop your business. Whether you need an integrated business strategy, access to corporate finance or specialist tax advice we are here to help you achieve your goals. Require more information? If you would like more information or would like to speak to us direct then call us on 0116 242 3400. Or if you would prefer, ask us a question online.

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