Thanks for responding..... Willl call tomorrow to see if I can resolve this, and will enjoy the 30 minutes on hold before I speak to someone......
Probablly won't be able to change before this months PAYE submission though as I assume that they'll need to send through a notification to change the code. As the employer I cannot ignore the current notification for processing PAYE can I?
Nice to know it could well be sorted.
Cheers J.
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As NaT says you can apply to get it changed, just call HMRC directly and explain the situation to them.
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You can apply to have your coding changed. Hector probably thinks that yours is a second employment.
Ask your accountant about it.
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PAYE Notification Query
Hector has given me a D0 tax notification with an 'X' in the 1 week / 1 month notification.
The impact of which is 40% deduction for tax every month. I'll probably hit the the 40% with Dividends for the current tax year once dividends are added but only marginal.
Basically Director/Employee of my company. The PAYE hit will be approx. 3600 per year which in effect is taken and not to be rebated for probably 9 months after the year end.
This creates a blackhole in my finances somewhat.... Do I have any options in getting this to be changed?
P.S. Bonus to the first person who says discuss with accountant....
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