R Robert4 Registered User Messages 25 5 Aug 2016 #1 Hi, can anyone explain in plain easy language how the 'emergency tax' system works..??..a person on a short 2 month contract got hammered on income tax, is a refund usually then given..??..any help much appreciated.
Hi, can anyone explain in plain easy language how the 'emergency tax' system works..??..a person on a short 2 month contract got hammered on income tax, is a refund usually then given..??..any help much appreciated.
J Joe_90 Registered User Messages 2,222 5 Aug 2016 #2 Emergency tax works to ensure that a taxpayer who does not sort out their tax credits ect gets a chance to do so. In month one they get the single persons standard rate cut off and single persons credit. In month 2 they get the single persons standard rate cut off and no tax credit. They should get the tax overpaid when they give their P45 to their next employer.
Emergency tax works to ensure that a taxpayer who does not sort out their tax credits ect gets a chance to do so. In month one they get the single persons standard rate cut off and single persons credit. In month 2 they get the single persons standard rate cut off and no tax credit. They should get the tax overpaid when they give their P45 to their next employer.