So, my gross salary is £19650 in march I will be receiving a bonus of £4660. Im totally unsure of how income tax works, but from what I can figure out, I will pay tax on it as if I was a higher tax payer, then I should 'receive' that tax back by paying less in the following months. Is that correct even though it is the end of a financial year? Is there anything I need to do?
Oh if only I was a large corporation who could get away with paying little -no tax
Thanks in advance!
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