HOLIDAY JOBS
Special Tax Code The Inland Revenue Department has advised people taking holiday or part-time jobs to obtain Special tax code certificates which will free them from full P.A.Y.E. deductions while employed. The. certificates, issued by the department, will authorise employers to reduce the amount of tax taken from vacation or holiday wages. This means that employees will have the immediate use of all their earnings and will not have to wait until the end of the financial year for refunds.
University students earning big wages in seasonal work could pay up to £5 a week or more income tax without special tax certificates. To get the certificates, students, housewives, pensioners or anyone else working for a short period must tell the department their name and address, employer’s n-me, expected weekly earnings, total earnings for the financial year to date, expected term of employment and tax code.
The department will work out special tax codes and issue certificates to be given to employers. There is no need for school children to fill in a tax code declaration for their holiday employers if their total income for the year will not exceed £lO4. Such children should tell their employers and no tax should be deducted from their wages.
When school children are not sure that their income will be less than £lO4 they should call at the tax office for a special tax code.
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Bibliographic details
Press, Volume CVI, Issue 31235, 6 December 1966, Page 23
Word Count
234HOLIDAY JOBS Press, Volume CVI, Issue 31235, 6 December 1966, Page 23
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