Taxes. If you are on a paid placement you will have to pay Income Tax and National Insurance on earnings that are over your personal allowance. This includes international students. Tax years are from April to April so your placement may cross two of them.
Do you have to pay tax on placement year?
You may be paid a salary while on your work placement. Everyone has to pay income tax and National Insurance on their earnings once their income goes over the earnings threshold and this applies to you even while you are on your placement year.
Do students pay council tax on placement year?
If your course contains periods of placements (e.g.- nursing or teaching) you're still a student whilst you're away from the University so you won't have to pay council tax. Even if you're taking a placement year as part of your course, you'll still be classed as a student so won't have to pay.