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| *The Commerce Journal>>>United Kingdom Taxes |
If i am a student do i pay tax on my wages? |
i am a full time student at uni (in england) and have always paid tax on my earnings. i was speaking to one of my friends and he said i shouldn't pay tax because im a student?? Students in the UK are not exempt from tax! Neither would a new-born baby be if it had the necessary income level. You can currently have income of 拢5435 before you become liable to tax. After that you have a 20% deduction. Mizangel and AWOL are almost right about the tax free allowance, but AWOL is dangerously incorrect. Craig is right. You cannot be taxed on the first 拢5225 that you earn, but after that you will be taxed as normal. If you have been paying tax, then you can get a claim form to get it back by contacting the inland revenue. it depends how much you earn, also any wages earnt in the hols not term time is taxable, go to your tax office wtih your latest wage slip or p60 if you have it yet and you may well get a wodge of your tax back!! |
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