Thursday, 27 June 2013
With a bit of luck students will obtain some holiday employment. They may work in several jobs at once or move from one job to another. Each student can use their personal allowance of £9,440 for the current tax year to set against all their income throughout the year. With the withdrawal of form P38 and the introduction of Real Time Information it is likely tax may be deducted at source. Students should ensure they check their payslips and PAYE coding notices and contact should be made with HM Revenue & Customs to deal with any queries. A claim for overpaid PAYE to be paid back can be made.