Tax Refunds For Student Summer Jobs | Student Tax Refunds

from the blog.

Tax Refunds For Student Summer Jobs

Student tax refunds

Taking a summer job? Keep an eye on your income.

As the summer draws to an end, you might want to take a look at those payslips. Any income you receive during a summer job is taxable, so you are eligible for a tax refund, especially if you overpay tax. Your tax obligation, however, will vary depending on your particular circumstances.

Apply for a Student Tax Refund

UK students working locally

Anything else you earn over £958 a month on average, which is your Personal Allowance, will be taxed, which is automatically deducted by your employer through the PAYE system. If you stopped working part way through the tax year, you can claim a tax refund.

If you’re self-employed, HMRC will work out how much tax you need to pay based on the self-assessment tax return you must fill out, which will contain information about the details of your income and expenses.

UK resident working abroad

If you worked overseas during your summer break, you are responsible for paying tax on anything you earn above your Personal Allowance. View UK Tax Treaties.

Non-UK residents working in the UK

If you are a foreign resident working in the UK, you may be exempt from paying UK tax if your country of residence has a double taxation agreement with the UK. Otherwise, your tax treatment will be the same as everyone else who lives and works in the UK.

You can claim tax online if you have all the details of benefits and income that have been taxed, and your employer’s PAYE reference number. You can also call or write to HMRC to explain why you thing you’ve overpaid tax. Be ready with
your National Insurance number, form P45 and your job details.

Understanding PAYE

Claim a PAYE Tax Refund

Student Tax Refunds 

A simpler option would be to seek professional help from our tax experts at info@taxback.co.uk.

Think you may be due a tax refund? Apply here to get your tax back.



Related Posts

Are We Really in a Housing Market ‘boom’?

The challenges of 2020 have shone a spotlight on the nation’s home life in a way that few could have predicted and a seemingly resilient factor in the ongoing fear and uncertainty wrought by the Covid-19 pandemic has been the...

Greater Employment Opportunities by Spending Your Tax Refund Wisely

If you’ve been living in the UK and owed a tax rebate, you could use it to extend your skills and become a dream employee. Spending Your Tax Refund Wisely will mean more cash back in your pocket at the...

Covid-19: Income Support for Self-Employed Launches

Covid-19 is not only a health crisis for self-employed launches but also a pressing employment crisis. The HMRC has begun to contact over 3 million taxpayers who could be qualifying for the Self-Employment Income Support Scheme (SEISS) of the government...

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »