120/B7008

[Hitchphil]

does anybody know what tax code for PAYE employment "120/B7008" means? cant find it anywhere on web HMRC? thanks

[Ricky@IntouchAccounting]

does anybody know what tax code for PAYE employment "120/B7008" means? cant find it anywhere on web HMRC? thanks

That looks like an employers PAYE reference. So this is a unique PAYE reference for the employer.

Are you looking for the tax code you are on?

[oilboil]

does anybody know what tax code for PAYE employment "120/B7008" means? cant find it anywhere on web HMRC? thanks

It isn't a tax code for the employee, its the PAYE scheme number for the employer paying your wage (company, umbrella or your limited co. depending on how you get paid)

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 old