Donate SIGN UP

Student VAT

Avatar Image
jeanette1976 | 13:07 Tue 24th Jul 2007 | Business & Finance
7 Answers
Was also wondering how much i can expect to pay in tax when doing 2 jobs to support my course.

Is it much or any less than if i wasn't a student?

Thanks
Gravatar

Answers

1 to 7 of 7rss feed

Best Answer

No best answer has yet been selected by jeanette1976. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Vat or income tax?
Vat is the same for everyone, except certain exceptions such as disabled equipment that is soley going to be used for a diasabled persons benefit. You couldn't, for example get 17.5% off your choccie biscuits in the supermarket because you are a student
Question Author
Sorry, I meant income... Sadly, i'll have to do 2 x 20hr jobs a week on top of my 30hr week course.... WORKING EVERYDAY FOR TWO YEARS!!!!! But 2 years will fly by... just worried that my work will suffer very badly as I'll be exhausted.

I heard that I would have to pay 22% income tax, or thereabouts, on my second job.... which is totally unfair.
Jeanette, hard work and sacrifice brings much success. Would you rather live in a council house with 12 children?

All the experience and hard work will build character and help make you a stronger and better person. I'm very proud of you. And trust me, you are not the only one working two jobs to pay for your education. You have a choice, stay home and sleep and live off the system or make sacrifices to be a better person and make something of yourself.

In the end you will be happy and it will worth your while you went through all this.

Cheers!
I worked full time and ran a home and family while I did my four year law degree.

You'll be fine.

The number of jobs is irrelevant. Like everyone else you will have your personal allowance of �5225 before you start paying income tax .

Anything you earn over that amount you pay income tax on - 10% on the first �2230, then 22%.

And your course isn't every week of the year - long long holidays.
If you work less than 52 weeks in a year you may be able to claim some of the tax back. You would have to contact your tax office. But really, many of us have had two jobs, one full time and one part time and had to pay income tax on them both. I know I have. Students really aren't any different,.
Question Author
Thanks for all your answers... I'll take each day in my stride... 14hrs per day, every day and not one lie in for 2 years.... here I come!!!!!

1 to 7 of 7rss feed

Do you know the answer?

Student VAT

Answer Question >>

Related Questions