I have a question, I recently heard from a collegue at work that for the past 2 months he has not been taxed at all, he is a new starter and is only tempory untill the end of this year, he isnt a student and is 19, and it is his first job, he informed me that you do not get taxed untill you earn £5000 in a single job at which point you can simply leave, get another job and call the tax office at which point you can "reset" you earnings thus not ever in reality ever getting taxed, untill of course you earn more than £5000.
Now I've never heard of this seemingly fantastic "fact" however as he seemed sure as "someone he knew did this" I would really apprectiate any clarification on this matter, or if it is in fact possible but only on certian circumstances.
Many thanks for your help, but i apologise if this has been asked or if there is a answer somewhere but I really wasnt sure where to look, so thanks again for any help.
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