Students Being Stung Worst On Emergency Tax

Figures have revealed that thousands of students who are working summer jobs are getting stung by emergency tax.
Full-time students are not subject to taxation as long as they are only working over summer and earning less that £6,475 per annum. But to do be eligible for this they must complete a P38 form, which is available from employers or HMRC.
If the form is not filled in then students could end up on emergency tax code 647L, causing additional amounts of money to be subtracted from their wage.
Kelly Sizer of the Low Income Tax Group said:”
Students who work in either holidays or term-time will probably pay too much tax. If this applies to you, make sure you claim a repayment.”
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