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What's happening in the world of student tax
We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support. We have received a question recently on whether a new student moving from home will have to pay council tax.
From 6 April 2019, income tax is partially devolved from the UK government to the Welsh government. Welsh income tax is not a separate tax. It is administered and collected by HM Revenue & Customs (HMRC) in the same way as UK income tax, as this article explains.
We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support. Occasionally we will post them anonymously as ‘question and answer’ news items. Here, we were asked about the personal allowance for students.
We regularly receive queries via our website. Occasionally we will post them anonymously as ‘question and answer’ news items. Here, we were asked by a school-leaver whether their parents will still receive tax credits if they are a full-time student.
We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support. Occasionally we will post them anonymously as ‘question and answer’ news items. Here, we were asked about what is the National Minimum Wage (NMW) for an apprentice.
We regularly receive queries and try to signpost sources of further information and support. Some of the replies might be useful to others, so occasionally we will post them as ‘question and answer’ news items. Here, we were asked about what is the National Minimum Wage (NMW) for an apprentice.
Welcome to another regular newsletter from the Tax Guide for Students (TGFS) website. The purpose of the newsletter is to highlight any topical tax issues which may affect students, apprentices and student money advisers.
Welcome to another newsletter from the Tax Guide for Students (TGFS) website. The purpose of the newsletter is to highlight any topical tax issues which may affect students, apprentices and student money advisers.
Welcome to another regular newsletter from the Tax Guide for Students (TGFS) website. The purpose of the newsletter is to highlight any topical tax issues which may affect students, apprentices and student money advisers.
Welcome to this regular newsletter from the Tax Guide for Students (TGFS) website. The purpose of the newsletter is to highlight any topical tax issues which may affect students, apprentices and student money advisers.
Welcome to the first regular newsletter for 2017 from the Tax Guide for Students (TGFS) website. The purpose of the newsletter is to highlight any topical tax issues which may affect students, apprentices and student money advisers.
The LITRG has responded to a Department for Education consultation on the introduction of Postgraduate Doctoral Loans.
Welcome to the last regular newsletter for 2016 from the Tax Guide for Students (TGFS) website. The purpose of the newsletter is to highlight any topical tax issues which may affect students, apprentices and student money advisers.
Welcome to the first regular newsletter from the Tax Guide for Students (TGFS) website. The purpose of the newsletter is to highlight any topical tax issues which may affect students, apprentices and student money advisers.
We have recently been in touch with the Ministry of Justice (MOJ), as plans are under way to create an online appeals service for people challenging decisions by HMRC. As part of their work, the MOJ is looking for volunteers to attend a workshop about how the new service should be designed.
If you are starting university this month or returning to continue your course then it might be a good time to think about tax. Funding your way through your course can be tricky, so make sure you check your tax now and throughout the year ahead to ensure you aren’t paying too much.
You may have recently received a Council tax bill for 2016-17 – this is an area of tax that students find particularly confusing. Often students are unsure whether they are responsible for paying council tax and if they are responsible then whether they are exempt from paying it.
From 1 April, workers on the National Minimum Wage who are aged 25 and over, are entitled to a 50p per hour increase in their wage – the ‘National Living Wage’.
HMRC have indicated that Scottish taxpayer notification letters will start to arrive on taxpayers’ doormats on Wednesday 2 December. Individuals will receive a letter if HMRC have reason to believe they are a Scottish taxpayer under the rules for the Scottish Rate of Income Tax (SRIT).
The Chancellor introduced his Autumn Statement and Spending Review 2015 by saying that it delivers on the Government’s commitment to “put security first”, both national security and economic security for working people.
The Low Incomes Tax Reform Group (LITRG) has created new guidance in the ‘tax essentials’ section of the Tax Guide for Students website, providing information on the Scottish rate of income tax (SRIT). The guidance looks at what the SRIT is, how it works and who has to pay it.
The long summer break is a great opportunity for students to earn a bit of extra cash. However, you may have noticed tax deducted – probably the last thing you wanted to happen! Well the good news is that you probably can claim that tax back. We will walk you through the process.
HMRC have just launched a campaign in July 2015 to encourage employers in the hair and beauty sector to ensure that they are complying with National Minimum Wage (NMW) legislation.
The Low Incomes Tax Reform Group (LITRG) has created new guidance in the ‘employed’ section of the TGFS website, providing information on various tax issues that you might face when you first start work as an employee, plus links to other relevant webpages and resources on the TGFS website.
Lectures have finished for the summer! Many students will be looking for a summer vacation job – but do you understand your tax position?
The Chancellor styled his Summer Budget 2015 as one “that puts security first”, both national security and economic security for working people. The watchword was “bold”, as he announced significant changes to both the tax and welfare systems.
HMRC have announced that they are withdrawing all their 0845 helpline telephone numbers from 30 June 2015. Callers should use the 03 helpline telephone numbers instead.
Many working students pay too much tax during the tax year under the Pay As You Earn (PAYE) system, and then have to claim it back at the end of the tax year if their earnings have not exceeded the annual tax free personal allowance.
Letting out part of a property can be a daunting prospect and a big responsibility. However, it is important that you do not forget to inform HM Revenue & Customs (HMRC) and pay your tax.
The Christmas period is a good opportunity for students to make some extra money in a part-time job such as shop or bar work. However, you may have noticed on your payslip that tax was deducted; well the good news is that you can probably claim the tax back – this article will explain the process.
Many students are setting up their own businesses and becoming self-employed while they are studying. The way Class 2 National Insurance contributions (NIC) are collected is changing and this will affect all those who are self-employed.
With the festive season upon us, we are often so busy that jobs such as completing your tax return are put to the bottom of the list. Hopefully this article can help point you in the right direction and may result in you not needing to file a tax return after all.
There were only a few announcements in the recent Autumn Statement which will affect students and apprentices. We explain below how these changes may affect you.
To all those starting up a new business and would-be entrepreneurs - pay attention to your tax and accounting responsibilities.
Media reports in October suggested that HMRC have issued a number of incorrect 2014/15 tax calculations to PAYE taxpayers. It is hoped that this is a relatively small figure, but what should you do if you have received a calculation in recent weeks?
The long summer break is a great opportunity for students to earn a little bit of extra cash. However, you may have noticed tax deducted – probably the last thing you wanted to happen! Well the good news is that you probably can claim that tax back. We will walk you through the process.
Whether you are going abroad to work, study, or a mixture of both, you should be aware that there are potential tax consequences – you get no special treatment just because you are a student. Here we tell you what you need to know before you go.
Many students work part-time whether during term-time, in vacations or all year round. A lot of student jobs pay the National Minimum Wage (NMW), which is the lowest amount that employers can legally pay their employees. The good news is that the NMW will increase on 1 October.
At the start of another academic year, it is a good time to make sure you are claiming all the benefits you may be entitled to. As well as benefits that all disabled people might receive, there are some additional benefits available to students.
It’s a new academic year and many students will be moving into rental accommodation, perhaps for the first time. One of the many things that students will need to sort out is whether they need to pay council tax.
Students starting or returning to their courses are being warned to watch out for ‘phishing’ scams sent to them via email or text message. Make sure you don’t get caught in the fraudsters’ nets.
Are you a full time university student? Fruitlessly searching for a summer job? Do you have a dependent child, or have you taken time out of a course due to illness or caring responsibilities? If you have said yes to these questions, read our introduction to claiming Jobseeker’s Allowance.
We offer guidance on what you should do after you leave your course.
If you haven’t done it already, you should apply for your student loan now for the session starting in autumn 2014 – that should minimise any delay in receiving your money.
Many students will be working part-time during the summer break; they need to ensure they are receiving proper pay for their hard work under the National Minimum Wage (NMW) laws.
Summer vacation is here! But hold on – how are you going to finance your lifestyle over the summer?
Checking the Pay As You Earn (PAYE) tax code that is applied against your wages could mean you pay less tax as you go along – and will help you identify if you are due to get a tax refund.
Many working students who pay tax during the tax year under the Pay As You Earn (PAYE) system, only to have to claim it back at the end of the tax year when it becomes clear that their earnings have not exceeded the annual tax free personal allowance (£9,440 in 2013/14).
For individual taxpayers, the cornerstone of the Chancellor’s 2014 Budget speech was ‘hard-working people [keeping] more of what they earn and more of what they save’. What about those on the lowest incomes?
Responding to the Chancellor’s Budget announcement on the rise in the personal tax allowance, the Low Incomes Tax Reform Group (LITRG) generally welcomes the increase but points out that those on low incomes will benefit less than higher-rate taxpayers.
Students are urged to take every precaution not to be defrauded by scam emails purporting to come from HM Revenue & Customs (HMRC) or the Student Loans Company (SLC).
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