Personal Allowance - Can I use it in full before I start paying tax?
I earn about £1000-1200 per month but my job may end at the end June and I don't know what I will do afterwards. Is it possible to use my full yearly personal allowance now and only start paying tax once my total earnings for this tax year are above it? By default, my company's accountant will use a monthly personal allowance assuming steady income throughout the tax year. Any idea about what to do in this case? Thanks.
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You don't get any choices. It is divided up throughout the year. If you don't work for a while, you will get a refund after the following April.
Answer 2 :
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