If you get an extra payment in your salary - one off and as a result the tax is f**king ridiculous! what way does it work.
I'm told that the robbing bastards will have assumed that's your new salary and adjusted your tax but when they realise the following month that you actually don't earn that every month you get it back.
Is that right or do you just have to suck it up.
make sure your employer is taxing you on a cumulative basis and it will even out over the year.
prsi and levies are a different matter btw, wont get that back which can be significant
thanks - it's just income tax and national insurance I mean - so I should see less tax in the next pay packet...I better!
Pints - will you ever learn.
Get sacked, ride a couple of quer ones, get them up the pole as much as possible, apply for a council house, never get a job, go to the bookies, drink pints and become an alco, but for f**k sake never ever do any work (except for cash of course). That is how to get on in this country
f**king right - do a bit of extra work and the bastards helps themselves to a very large chunk of your money!
Tax question folks;
What is the situation if I were transfering money from a overseas account on a semi regular basis, will the tax man find out and if so is it taxable? Bearing in mind that I am already paying tax on it in the country of origin?
As a uk resident u shud be getting taxed on ur worldwide income, i.e. Ur uk income plus ur foreign income. You may be able to get the relief for ur foreign tax paid through ur uk return, depending on what country the foreign income arises, and if they have a double tax treaty with the uk.
Quote from: stiffler on October 26, 2010, 07:43:07 AM
As a uk resident u shud be getting taxed on ur worldwide income, i.e. Ur uk income plus ur foreign income. You may be able to get the relief for ur foreign tax paid through ur uk return, depending on what country the foreign income arises, and if they have a double tax treaty with the uk.
What do you work at Stiffler?
Fireman
Quote from: stiffler on October 26, 2010, 07:43:07 AM
As a uk resident u shud be getting taxed on ur worldwide income, i.e. Ur uk income plus ur foreign income. You may be able to get the relief for ur foreign tax paid through ur uk return, depending on what country the foreign income arises, and if they have a double tax treaty with the uk.
It appears from a quick look at the tax website there is a double tax treaty in place with australia, need til look a bit closer at it.
Dont want til start transfering a few pound home only til get a tax bill!
Quote from: pintsofguinness on July 29, 2010, 08:41:21 PM
If you get an extra payment in your salary - one off and as a result the tax is f**king ridiculous! what way does it work.
I'm told that the robbing b**tards will have assumed that's your new salary and adjusted your tax but when they realise the following month that you actually don't earn that every month you get it back.
Is that right or do you just have to suck it up.
Complete ball breaker this, I get a commission lump sum payment once a year and the amount that goes to tax would make you sick, you might as well not even get a bonus. You are safer not working and thats the truth.
Quote from: DirtyDozen12 on October 26, 2010, 09:20:53 AM
Quote from: pintsofguinness on July 29, 2010, 08:41:21 PM
If you get an extra payment in your salary - one off and as a result the tax is f**king ridiculous! what way does it work.
I'm told that the robbing b**tards will have assumed that's your new salary and adjusted your tax but when they realise the following month that you actually don't earn that every month you get it back.
Is that right or do you just have to suck it up.
Complete ball breaker this, I get a commission lump sum payment once a year and the amount that goes to tax would make you sick, you might as well not even get a bonus. You are safer not working and thats the truth.
Really??
Anyway, on to the point in hand - Pints, I thought you lived and worked in the UK? If so, then you shouldn't have any irish tax to pay at all afaik, maybe some of the tax experts like shamrock shore can verify that. It all depends on your circumstances though.
Quote from: Bogball XV on October 26, 2010, 10:05:11 AM
Quote from: DirtyDozen12 on October 26, 2010, 09:20:53 AM
Quote from: pintsofguinness on July 29, 2010, 08:41:21 PM
If you get an extra payment in your salary - one off and as a result the tax is f**king ridiculous! what way does it work.
I'm told that the robbing b**tards will have assumed that's your new salary and adjusted your tax but when they realise the following month that you actually don't earn that every month you get it back.
Is that right or do you just have to suck it up.
Complete ball breaker this, I get a commission lump sum payment once a year and the amount that goes to tax would make you sick, you might as well not even get a bonus. You are safer not working and thats the truth.
Really??
Yes, work related accidents are a regular occurance, just look at the statistics and claim being made against employers in recent years. You are safer not working.
lol I think the i.e referred to "for example" not Ireland.
Did you ever get it back Pints? I'd say your work payroll people will be used to those payments, did it right, and you prob didn't see too much of it again?
Re the Aussie question - are you defined as a non-resident, ie out of the country for a period of 6 months or more? If that's the case, you're only taxable on income arising in the UK, ie any interest income you earn in the UK account. If you've already paid tax in Oz then you're ok. A friend of mine sends money home to pay her mortgage and won't be liable to any tax on it though liable to tax on the rent she gets from renting a room. Just checked it out with a personal tax expert in work.
I didnt see any of it Rois - the next pay packet was the same as the previous ones, same tax taken off me
I don't understand!?
Whats your tax code POG?
Quote from: lfdown2 on October 26, 2010, 01:28:14 AM
Tax question folks;
What is the situation if I were transfering money from a overseas account on a semi regular basis, will the tax man find out and if so is it taxable? Bearing in mind that I am already paying tax on it in the country of origin?
If you are declaring it on your income statement and proving you have already paid taxes on it then you should be fine. Don't be acting as if you are doing something wrong and going about it the wrong way when you are doing something completely legal.
What country are you earning the money in? Check Tax Cafe website and see if there is a double tax treaty between the countries and what the implications of that are.
If it is a significant amount of money there might be smarter options available to you.... PM me for more details
Quote from: DirtyDozen12 on October 26, 2010, 10:55:01 AM
Quote from: Bogball XV on October 26, 2010, 10:05:11 AM
Quote from: DirtyDozen12 on October 26, 2010, 09:20:53 AM
Quote from: pintsofguinness on July 29, 2010, 08:41:21 PM
If you get an extra payment in your salary - one off and as a result the tax is f**king ridiculous! what way does it work.
I'm told that the robbing b**tards will have assumed that's your new salary and adjusted your tax but when they realise the following month that you actually don't earn that every month you get it back.
Is that right or do you just have to suck it up.
Complete ball breaker this, I get a commission lump sum payment once a year and the amount that goes to tax would make you sick, you might as well not even get a bonus. You are safer not working and thats the truth.
Really??
Yes, work related accidents are a regular occurance, just look at the statistics and claim being made against employers in recent years. You are safer not working.
:D :D :D
Doesn't sound right if you got exactly the same amount of tax taken off the next month despite the gross earnings being significantly less (to the tune of the commission/bonus/whatever it was, which I presume didn't repeat itself the next month).
For example - I got an exam bonus (quite) a few years back and when it came through, I paid a whole wack of tax that month, which was my normal tax and the tax on the bonus. The next month I went back to paying normal tax again. That was fair enough. But if your situation is different from that, then it doesn't sound right.
Quote from: Rois on October 26, 2010, 04:19:41 PM
Doesn't sound right if you got exactly the same amount of tax taken off the next month despite the gross earnings being significantly less (to the tune of the commission/bonus/whatever it was, which I presume didn't repeat itself the next month).
For example - I got an exam bonus (quite) a few years back and when it came through, I paid a whole wack of tax that month, which was my normal tax and the tax on the bonus. The next month I went back to paying normal tax again. That was fair enough. But if your situation is different from that, then it doesn't sound right.
I can't remember exactly now but it was definitely more than what they should take, I don't understand. Maybe get it back at the end of the year?
No idea what the tax code is gaaman.
Quote from: Rois on October 26, 2010, 10:58:28 AM
lol I think the i.e referred to "for example" not Ireland.
Did you ever get it back Pints? I'd say your work payroll people will be used to those payments, did it right, and you prob didn't see too much of it again?
Re the Aussie question - are you defined as a non-resident, ie out of the country for a period of 6 months or more? If that's the case, you're only taxable on income arising in the UK, ie any interest income you earn in the UK account. If you've already paid tax in Oz then you're ok. A friend of mine sends money home to pay her mortgage and won't be liable to any tax on it though liable to tax on the rent she gets from renting a room. Just checked it out with a personal tax expert in work.
so in other words I would only be taxable on interest arising from the money sitting in my account?
Cheers Rois
Ah....its just like the bumper sticker says "work harder, millions on welfare
depend on you" >:(
Quote from: pintsofguinness on October 26, 2010, 06:49:52 PM
Quote from: Rois on October 26, 2010, 04:19:41 PM
Doesn't sound right if you got exactly the same amount of tax taken off the next month despite the gross earnings being significantly less (to the tune of the commission/bonus/whatever it was, which I presume didn't repeat itself the next month).
For example - I got an exam bonus (quite) a few years back and when it came through, I paid a whole wack of tax that month, which was my normal tax and the tax on the bonus. The next month I went back to paying normal tax again. That was fair enough. But if your situation is different from that, then it doesn't sound right.
I can't remember exactly now but it was definitely more than what they should take, I don't understand. Maybe get it back at the end of the year?
No idea what the tax code is gaaman.
It should be on your payslip. Mine is the standard 647L.
If yours has an X or X1 after it this would explain your problem.
Quote from: lfdown2 on October 26, 2010, 10:28:23 PM
Quote from: Rois on October 26, 2010, 10:58:28 AM
lol I think the i.e referred to "for example" not Ireland.
Did you ever get it back Pints? I'd say your work payroll people will be used to those payments, did it right, and you prob didn't see too much of it again?
Re the Aussie question - are you defined as a non-resident, ie out of the country for a period of 6 months or more? If that's the case, you're only taxable on income arising in the UK, ie any interest income you earn in the UK account. If you've already paid tax in Oz then you're ok. A friend of mine sends money home to pay her mortgage and won't be liable to any tax on it though liable to tax on the rent she gets from renting a room. Just checked it out with a personal tax expert in work.
so in other words I would only be taxable on interest arising from the money sitting in my account?
Cheers Rois
Yeah sounds like it, and tax on bank interest is usually deducted at source (ie the bank takes it off before they pay the interest to you) but you'd probably need to fill in a UK tax return to confirm all that.
Do any of you know if you get taxed as an apprentice. im starting one but as im not of school age and have paid tax in other jobs im thinking im going to get stung. the pay isn't that high to start with
I read POG's original post wrong...I thought it was Taxis robbing bastards....he wasnt wrong either way :-\
Quote from: pintsofguinness on October 26, 2010, 06:49:52 PM
Quote from: Rois on October 26, 2010, 04:19:41 PM
Doesn't sound right if you got exactly the same amount of tax taken off the next month despite the gross earnings being significantly less (to the tune of the commission/bonus/whatever it was, which I presume didn't repeat itself the next month).
For example - I got an exam bonus (quite) a few years back and when it came through, I paid a whole wack of tax that month, which was my normal tax and the tax on the bonus. The next month I went back to paying normal tax again. That was fair enough. But if your situation is different from that, then it doesn't sound right.
I can't remember exactly now but it was definitely more than what they should take, I don't understand. Maybe get it back at the end of the year?
Payroll tax systems are usually set up so the correct amount is automatically deducted.
For example, someone might be on 100 a month gross. Tax of 30 is deducted, so net pay each month is 70.
Then one month, they are told they are getting a bonus of 100 on top of their salary. Initally reaction is "yippee" an extra 100. Then quickly realise have to pay tax on it, so its only an extra 70, but still happy days. Then payslip arrives:
Pay 200
Tax 80
Net 120
The robbing bashtads have taken half of my bonus (or possibly more). But that's because you've already used up all your tax allowances or credits with your regular pay, so your bonus is taxed on full whack.
The following month, the employee should be back to his usual pay of
Pay 100
Tax 30
Net 70
(obviously the above is using very basic numbers)