Students in the UK are liable to pay Income Tax and National Insurance contributions on their earnings, just like everyone else. Students R US was set up to help you get the tax back you are owed with minimal fuss.
First of all you don’t pay income tax on the first £6,475 you earn, as this is your tax free personal allowance; but you won’t be surprised to hear it’s not quite as simple as that.
The process of paying your taxes is known as Pay As You Earn (PAYE), you may have had 2 jobs at the same time or several different jobs over a tax year, the total pay from all employments may still have been under your tax free allowance but your second job will have been taxed at Basic Rate.
Also referred to as Emergency tax, this happens when the tax office doesn’t have enough information to give you the correct tax code for each employment and can often happen after you have started a new job. Thankfully as a registered HM Revenue and Customs Agent we can claim back up to 5 years of taxes you are owed.
For more information visit our site and take advantage of our Graduate card offers and take the pain out of claiming your tax back.