The new tax codes for 2012/2013 are being issued by HMRC. The coding notices for these go out between now (January) and March for use against your pay from April 2012. Please check your coding notice carefully to make sure you are not paying too much, or too little tax – this is especially more [...]
The new tax codes for the 2011/2012 tax year are being issued between January and March 2011. These will determine your allowances and tax rates for the pay you receive between 6th April 2011 and 5th April 2012. Please make sure you check these tax coding notices for any errors – you can use our [...]
People who were caught out by errors in HMRC’s PAYE tax codes between 6th April 2006 and 5th April 2007 are to have the outstanding debts written off. HMRC will cancel the debts of nearly 1.9 million people who, due to errors within the Paye As You Earn system, were unknowingly undertaxed. The reason for [...]
Millions of people are being taxed more than they should due tax coding notice blunders by HMRC. People mainly affected include pensioners and those with more than one source of income where the taxation is more complicated to begin with. The tax coding notice provides each taxpayer with their tax code for a particular tax [...]
Following on from our earlier post about HMRCs error with tax coding notices here, we have added a tax calculator to help you check whether your tax codes are correct if you are working 2 seperate employments. The calculator will take your first and second job details to produce the individual taxation breakdown for their [...]
Between January and March, 25 million new coding notices will be issued for 2010/2011. These tax codes will be updating each individuals tax allowances and relief based upon what they should be entitled to. This year, due to a shift to a new computer system for processing PAYE, there is cause to be extra vigilent [...]
Understanding your PAYE tax codes.