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What is the emergency tax rate in the uk?

Emergency tax rate uk? Please help!?

  • Hi does anyone have any idea what percentage is the emrgency tax rate out of your wages. Due to go away and could do with the knowing. Thanks very much..x

  • Answer:

    It's 20%, which is now the basic rate of tax. I've just received a late payment in respect of my job from which I retired last year. Because the company no longer has a tax code for me, they've had to tax this payment on a Basic Rate wk 1 basis. I worked it out that the amount of tax deducted from the payment was 20%.

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It depends how much you earn If say you earned £4,000 in your first month on emergency tax then the lovely tax man would assume you were going to earn 12 x £4,000 during the year. This would take you over the 40% threshold so you would be taxed at 25% up to the threshhold and 40% on anything earned over the threshhold. If you look like you're going to be earning less than the threshhold then it's just 25% Whatever they take, when they work it out properly and you get a tax code they either give you a bit back, or adjust your code to take a bit more

mz2001

When I had two summer jobs in 2006, the emergency tax was 22% for me. I am not too sure though if things have changed since or not, but I think it's still that rate. Hope this helps.

MissMe

Hiya - I think its 25 percent on the whole amount ie you dont get any personal allowances..

Jeanette S

Emergency tax is 30 per cent if you haven't got a tax reference number. and if you are self employed.

Gerry Atrix

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