To begin paying taxes in the UK as well as National Insurance contributions, you require a National Insurance (NI) Number. This is like a unique personal account you hold with HM Revenue and Customs and enables them to issue you with the correct tax code. You can apply for an NI Number through www.jobcentreplus.gov.uk. You must be able to provide evidence that you’re actively seeking employment, as well as proof of a UK address. Until you receive your NI number, you will be taxed on a higher, emergency tax code, but any overpayment can be reclaimed through PAYE.
- P45 – When you leave a job, your employer will issue you with one of these forms and it tells your new employer what tax code you should be on.
- P46 - You are issued with one of these forms in lieu of a P45. If you’ve lost your P45, you won’t be able to get another so the P46 allows HMRC to issue you with a tax code for your new employer.
- P60 - This form provides a summary of your gross earnings and taxes that have been deducted for the financial year. Keep this form for your records as you’ll need it should you wish to make a claim for a tax refund.
The times at which you can claim a tax rebate throughout the tax year depends on your employment circumstance. If you are still employed in the UK, you must wait until the end of the tax year (April 5) to make your claim for repayment. If, however, you have departed the UK, you can make a claim for a tax rebate at any point in the tax year. To find out more about tax rebates, contact HM Revenue and Customs, www.hmrc.gov.uk.
Thinking about Moving to the UK?
If you are considering working abroad, international recruitment specialists Morgan McKinley can give you advice and guidance on a number of locations worldwide, including the UK.