You do not say what code your coding notice gave but, if it was 522L your accountant is correct to use 543L as we have recently moved into a new financial year and the tax free allowance has increased. If they are using 543L Wk1 or Mnt1 this is an emergency code which may mean that your accountants have not updated their records from your coding notice.
HTH
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Previously on "paye coding wrong"
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have you sent them your P6? If not then how do they know which tax code to use?
What should your tax code be?
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Originally posted by MrRobin View PostHow confusing! I have just checked my tax code and I am on 543L too. i think this is the correct code to be on since it means 543 x 10 = 5430 tax free allowance and "L" means I am eligible for that personal allowance.
However, http://www.hmrc.gov.uk/employers/rates_and_limits.htm states
Why is the emergency tax code the same as the normal tax code???
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How confusing! I have just checked my tax code and I am on 543L too. i think this is the correct code to be on since it means 543 x 10 = 5430 tax free allowance and "L" means I am eligible for that personal allowance.
However, http://www.hmrc.gov.uk/employers/rates_and_limits.htm states
Emergency tax code
The emergency tax code is 543L.
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Originally posted by Sockpuppet View PostEmergency tax code is BR. 543L is the normal tax code.
543L is a normal tax code with £5439 of tax-free allowance.
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Originally posted by Sockpuppet View PostEmergency tax code is BR. 543L is the normal tax code.
http://www.hmrc.gov.uk/paye/intro-un...ngtaxcodes.htm
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Originally posted by MrRobin View PostThe emergency tax code is 543L...
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paye coding wrong
My acccountants have put me on the emergency tax code (543L) despite me sending them my paye coding notice. Yet another blunder which I am losing the will to chase up again - should I? It will all even out in next years SA anyway.Last edited by moorfield; 2 May 2008, 14:14.Tags: None
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