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Author Topic: I hate the tax man!  (Read 5801 times)

Offline Misky

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I hate the tax man!
« on: 27 May 2011, 10:22 »
I hate paying tax/N.I!!!!
I earned £500 in over time and I have been taxed £435 so I have a wage of £1585 for the month and that is supposed to have my increased salary!
I earned £1200 last month and only earned £55 in overtime pay.

Does that sound like too much tax being paid?
Im a bit sad  :sad:
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Offline GrandMstRamRod

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Re: I hate the tax man!
« Reply #1 on: 27 May 2011, 10:47 »
the tax man loves money!
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Offline gibby

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Re: I hate the tax man!
« Reply #2 on: 27 May 2011, 11:03 »
So you earned about 350+ from 500 overtime, give or take ? Sounds about right to me. When you do OT take about 3rd off the total and that's usually about right as a standard tax payer for tax and NI. 
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Offline Misky

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Re: I hate the tax man!
« Reply #3 on: 27 May 2011, 11:05 »
Quote from: gibby on 27 May 2011, 11:03
So you earned about 350+ from 500 overtime, give or take ? Sounds about right to me. When you do OT take about 3rd off the total and that's usually about right as a standard tax payer for tax and NI. 

Yep!  :angry:
My bad I have never paid that much tax before  :undecided:
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Offline gibby

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Re: I hate the tax man!
« Reply #4 on: 27 May 2011, 11:13 »
The taxman likes it when you do overtime. :afro: Your tax code is worked out from how much your annual salary is and previous years etc so tax & NI is taken acordingly over the year, but when you do overtime etc it's all liable to tax and NI. Fact of life I'm afraid. But how ever much you do take about 3rd off as I say and you'll have an approximate idea of how much you should get in your hand.
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Offline JC

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Re: I hate the tax man!
« Reply #5 on: 27 May 2011, 11:14 »
i am dreading august, 2 wages for a month  :cry: going to get spanked on one of them
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Offline SoundillusioN

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Re: I hate the tax man!
« Reply #6 on: 27 May 2011, 11:14 »
Taxman has totally f**ked with me!... taking an extra 250 a month off me due to underpaying on a previous year!.. surly that's their fault!
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Offline Misky

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Re: I hate the tax man!
« Reply #7 on: 27 May 2011, 11:19 »
we pay stupid amounts of tax for people likle this:

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Offline Mr Blue

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Re: I hate the tax man!
« Reply #8 on: 27 May 2011, 11:21 »
People who did loads of overtime got the same wage as me after they got heavily taxed.

Not even worth it
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Offline gibby

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Re: I hate the tax man!
« Reply #9 on: 27 May 2011, 11:24 »
Quote from: SoundillusioN on 27 May 2011, 11:14
Taxman has totally f**ked with me!... taking an extra 250 a month off me due to underpaying on a previous year!.. surly that's their fault!

Depends on why they took less the previous year. If you filled in your own tax return then it might be your fault, if not, probably theirs, but even if it is their fault they will just get it back as they are doing now, there is no way they would write anything off. Ever.
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