What fresh hell is this?
HMRC have changed my tax code from 944L to K144X, reduced my personal allowance to £0 less £1456 for medical insurance from my previous employer meaning my tax free amount is not the £10K it should be but -£1456.
I was a permie all last tax year but I owe about £700 from the last SA which I thought was down to that medical insurance plus the tax on a couple of hundred pounds of dividends from another company. I also thought the change in my tax code from 1060L to 944L was to pay for this.
Does anyone have a clue what's going on? Is it simply a mistake or is there a legitimate reason why this is the case?
Thanks.
HMRC have changed my tax code from 944L to K144X, reduced my personal allowance to £0 less £1456 for medical insurance from my previous employer meaning my tax free amount is not the £10K it should be but -£1456.
I was a permie all last tax year but I owe about £700 from the last SA which I thought was down to that medical insurance plus the tax on a couple of hundred pounds of dividends from another company. I also thought the change in my tax code from 1060L to 944L was to pay for this.
Does anyone have a clue what's going on? Is it simply a mistake or is there a legitimate reason why this is the case?
Thanks.
Comment