tax on wagers

Originally Posted by getyerkneedown

No it was full time.

Rules must have changed, i am talking about 6 years ago now. Sorry for mis-information.

Ok I believe you

OK, my boy is 16 and in full time education at college doing a Btec National Diploma (equivelent to 3 A levels), so he's pretty busy. However, he does work every Saturday (8-5) and 2 hours of an evening 3 times a week. He was told by his employers that he doen't have to pay any tax, whether in term or not....

Lyn, please tell me I'm not going to end up with the tax man at my door....

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Originally Posted by Jelster

OK, my boy is 16 and in full time education at college doing a Btec National Diploma (equivelent to 3 A levels), so he's pretty busy. However, he does work every Saturday (8-5) and 2 hours of an evening 3 times a week. He was told by his employers that he doen't have to pay any tax, whether in term or not....

Lyn, please tell me I'm not going to end up with the tax man at my door....

.

Ties in with what i was told when i was studying/working Steve...

Ive had no come back from my years... yet.

Originally Posted by Jelster

OK, my boy is 16 and in full time education at college doing a Btec National Diploma (equivelent to 3 A levels), so he's pretty busy. However, he does work every Saturday (8-5) and 2 hours of an evening 3 times a week. He was told by his employers that he doen't have to pay any tax, whether in term or not....

Lyn, please tell me I'm not going to end up with the tax man at my door....

.

I don't know. When I was in sixth form, me and a few mates worked a couple of nights a week as waiters. I used to try and juggle my shifts so they'd fall under (I think it was) £60, which was the threshold past which you started being taxed. I remember a bizarre situation where a mate who worked 2 hours more than me one week got taxed and ended up with less after tax than me.

I think it may well have just been NI, rather than income tax, but we still begrudged paying it.

I worked similar hours to Jelster junior when doing my A levels - but got taxed and paid NI for the duration.

Originally Posted by Jelster

OK, my boy is 16 and in full time education at college doing a Btec National Diploma (equivelent to 3 A levels), so he's pretty busy. However, he does work every Saturday (8-5) and 2 hours of an evening 3 times a week. He was told by his employers that he doen't have to pay any tax, whether in term or not....

Lyn, please tell me I'm not going to end up with the tax man at my door....

.

As long as he's under the threshold mentioned earlier there shouldn't be a problem. They can't tax him on that first £4895 as thats the personal allowance. If he earns more than that, and he is working during term time then the rules don't apply - the basis being he is earning for the full twelve months as opposed to about 3 months which is why students working in holidays only don't pay it.

GYKD, you can tell the Revenue to get stuffed all you like. The fact is you made a false declaration to them - which if they find out will see a penalty.

And you won't have any choice about paying it. The Revenue will issue you with a really low tax code effectively meaning you pay tax on what everyone else gets tax free until you pay off what you owe. Failing that, they could levy a personal assessment and failure to pay will see a second charge levied against any mortgage or assets you have. A rough guess on what you quoted means you have avoided tax of around £1900. You better hope they don't catch up with you.