Tax can be confusing when you start working so HMRC have produced an easy to use tax tool for students.
Students in the UK are liable to pay income tax and national insurance contributions on their earnings, just like everyone else. Due to confusion they often end up paying the wrong amount. It’s worth checking because if you have overpaid you can get the cash back from the taxman.
Just use the student tax checker on HMRC’s website:
http://stccalculator.hmrc.gov.uk/UserDetails.aspx
Or visit your local accountants in Nottingham www.marshallsmalley.com
Tuesday, 29 September 2009
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