Emergency tax and self assessment

Tazz T

Wonder if someone would be able to clarify this for me. I've been self-assessed for a few years now, but this year am doing additional casual work on a PAYE basis. As a result, I'm being hit with emergency tax on the PAYE work, which is absolutely killing my monthly income, as I'm not taking on so much self-assessed work. Is there any chance of getting this emergency tax back this year instead of including it in next year's self assessment?

If this has to be included in next year's account, then I'm better off either dropping the PAYE work altogether and concentrating back on the self-employment.

srsly78

Ring tax office or talk to your accountant.

Tazz T

I don't have an accountant.

The company I work for has given me their registration number for the purpose of calling the tax office, but I fear that calling the tax office will just end up with it being included in next years accounts, which for the purpose of this year, will make the work uneconomically viable to continue (it's minimum wage).

I was just wondering had anyone experienced anything similar and what was the best way of dealing with it. For example, is there a way of filing my return and paying my preliminary for this year and get a refund (as one would do on PAYE) for the emergency taxed work (the work will end in November altho I have the option to begin it again next year).

srsly78

The tax office will advise you. Paying emergency tax is not normal, they will sort you out. Probably just a matter of allocating your tax credits to paye.

howardmarks

Ring the tax office with the company reg number and the date you started and have them issue a certificate of tax credits which will remove you from the emergency basis. You can allocate how your credits are used. If you know approximately your turnover for the year you can have a cert issued taking this into account with the remaining standard rate cut off and credits going to your paye job.
A phone call will sort it out