Is it true that if you work during your gap year you can claim the tax paid during this year back?please help!

Question

i was told that i will be able to claim back all the tax im paying during my gap year at the end of it could someone explain this to me please im not sure how it all works

thank you

Answer 1

Not sure who has told you that, but it's not true. You probably won't pay a lot of tax anyway as you have to earn a certain amount before you pay anything at all. But you're not a student so you have to join the working world I'm afraid - tax and everything!

Answer 2

Yes its true depending on how much you earn talk to youre local tax office

Answer 3

you can`t claim your tax back if you have paid the the right amount, you will get a P60 just after the new tax year which is in April, if you have over paid then you will get that back, not all of it

Answer 4

I may be repeating information in other answers here, but feel I should clarify, as some of it isn't quite right.

The tax year goes from 6th April to 5th April. Your gap year probably straddles the tax years 2007/2008 and 2008/2009, as no doubt it goes from perhaps June to a year the following September. For the period 06/04/07 to 05/04/08, you could earn £5225 before tax. You should have a form P60 if you were in employment as at 05/04/08. If so, send to tax office with details of what you were doing for the rest of the tax year (eg full-time education), and ask for computation/refund.

Since 06/04/08, you can currently earn £5435. In September that goes up to £6035, which becomes retrospective back to 6th April. When you leave job, you will get form P45. Download form P50 from hmrc/p50, complete, and send to tax office with form P45, that is assuming you won't be working again before 05/04/09.

Answer 5

If you finish work part way through the tax year you are likely to be due a refund, assuming that you do not work or claim for the rest of that tax year.

Answer 6

Everyone has to pay tax.

However a single person has a personal alowance of £5400. If you earned less than that in the tax year (which runs from April 6 to April 5) you will get a refund.

The governmnet website explains it all

Answer 7

A friend was in a similar situation.

The answer depends on your situation.

If you earn less then 6035 then you can claim back all of your tax.

If you earn more then this and you stop working part way through the tax year, then there is still a very good chance that you can claim some back as it is highly likely that you will have overpaid tax as you will not have been given your full tax allowance.

One way to check if you are due a tax rebate, is to use a tax rebate calculator which will show you how much you can expect to get back, there is one available here:

http://www.taxfix.co.uk/income-tax-calcu...