Tax code Archives | Taxfile https://www.taxfile.co.uk/category/tax-code/ Tax advice & accounting services for South London businesses & SMEs Sun, 31 Oct 2021 20:38:08 +0000 en-GB hourly 1 It’s official: thousands are on the wrong tax code! https://www.taxfile.co.uk/2014/01/thousands-on-wrong-tax-code/ Thu, 30 Jan 2014 14:10:19 +0000 http://www.taxfile.co.uk/blog/?p=642 With the tax return deadline being only hours away (midnight 31 January 2014) there is still time to get professional help if you need it – particularly because HMRC  often get it wrong according to new research by UHY Hacker Young. In just one example, HMRC sent a tax bill to a pensioner which demanded […]

The post It’s official: thousands are on the wrong tax code! appeared first on Taxfile.

]]> Darling’s Increase in Personal Allowance https://www.taxfile.co.uk/2008/05/darlings-increase-in-personal-allowance/ Sat, 17 May 2008 10:41:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/05/darlings-increase-in-personal-allowance/ The Chancellor Alistair Darling has announced an increase in the personal tax allowance of £600 and an adjustment to the higher rate threshold (the total of the personal allowance and basic rate limit). According to the tax office we do not need to make any adjustments to our tax code numbers at the moment.The emergency […]

The post Darling’s Increase in Personal Allowance appeared first on Taxfile.

]]> Overpayment of tax through PAYE https://www.taxfile.co.uk/2008/02/overpayment-of-tax-through-paye/ Wed, 06 Feb 2008 10:47:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/02/overpayment-of-tax-through-paye/ PAYE (Pay As You Earn) is the system used by employers and pension providers to deduct tax from your wages or pension. If you think you’ve paid too much Tax through PAYE you can contact Taxfile‘s tax accountants in South London and they will clarify that for you. HM Revenue & Customs (HMRC) gives you […]

The post Overpayment of tax through PAYE appeared first on Taxfile.

]]> Confused about your tax code? https://www.taxfile.co.uk/2007/10/confused-about-your-tax-code/ Mon, 22 Oct 2007 09:50:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2007/10/confused-about-your-tax-code/ A tax code is usually made up of one letter and several numbers, for instance 161L or K567 . A tax code is used by your employer or pension provider to calculate the amount of tax to deduct from your pay or pension. If you have the wrong tax code you could end up paying […]

The post Confused about your tax code? appeared first on Taxfile.

]]>