does anybody know what tax code for PAYE employment "120/B7008" means? cant find it anywhere on web HMRC? thanks
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120/B7008
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Originally posted by Hitchphil View Postdoes anybody know what tax code for PAYE employment "120/B7008" means? cant find it anywhere on web HMRC? thanks
Are you looking for the tax code you are on? -
Originally posted by Hitchphil View Postdoes anybody know what tax code for PAYE employment "120/B7008" means? cant find it anywhere on web HMRC? thanks
In the olden days the prefix 120 meant your company PAYE scheme was maanged at HMRC Shipley (Yorkshire); nowadays it has little meaning but is retained as the task of renumbering accounts and processes is too much for somehting that is basically just a unique code.
The one thing the code you have quoted tells us is that it is a scheme that has been in operation for some time, any PAYE scheme started after 2001 has two letters after the "/" whereas yours only has one letter. Also even before 2001 they moved from 4 numbers to 5 numbers as a standard (they didn't change existing scheme numbers); so with that in mind I guess you are being paid by a company as a temp employee or an agency as a contingent worker - unless your own limited company is at least 20 years oldComment
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