Last June HM Revenue and Customs launched two educational videos which are aimed at preparing teenagers for working life. One of the videos will help 14 to 17 year olds understand what it means when they receive their national insurance number and the benefits of using a personal tax account. The other new video is… Continue reading HMRC helps teenagers prepare for the world of work
The following Tax Events are due on 19th February 2019: Business Tax Events PAYE, Student loan and CIS deductions are due for the month to 5th February 2019 This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS. Employers are… Continue reading Tax Reminder 19th February 2019
If you have a job when you’re a student you may need to pay Income Tax and National Insurance. You have to pay: Income Tax if you earn more than £958 a month on average - this is your Personal AllowanceNational Insurance if you earn more than £157 a week Your employer will usually deduct Income Tax and… Continue reading 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.