Thousands of students with summer jobs may be working in the emergency tax
band because they have not filled in the correct forms.
Full-time students do not have to pay income tax as long as they only work
during their holidays and earn less than £6,475 per year.
But they must fill in form P38(s), a document available from their employer
or the HM Revenue & Customs website, to secure the tax break,
Those who do not fill in the form usually end up being put on emergency tax
code (647L for 2010-11), leading to additional amounts of their income going to
Kelly Sizer, of the Low Income Tax Reform Group, says: ‘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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