Tax Code Change

[Peoplesoft bloke]

As much as I love to kick HMRC when the opportunity arises, this last one rarely happens, it may have bad data going in either from your SA or your umbrellas PAYE return, but I have found their calulcations are usually spot on

Fair point - now I think of that I haven't had that since the advent of RTI.

[SimonMac]

And you can change it.

Though make sure you do self assessment to ensure you pay or can claim back the right amount of tax.

You can change the amount you think you might be paid under PAYE in the coming year, the other bits you can't change

[SueEllen]

Log into your HMRC account and it will explain how it has been calculated

And you can change it.

Though make sure you do self assessment to ensure you pay or can claim back the right amount of tax.

[SimonMac]

Take a look at your personal tax account as eek says - they estimated my income really high due to me getting paid for March and April in April. They are restricting your allowance - possible reasons -
They think you owe tax
They think you will earn over 100K
They think you have some taxable benefits
Their system has done something stupid on an apparently random basis

As much as I love to kick HMRC when the opportunity arises, this last one rarely happens, it may have bad data going in either from your SA or your umbrellas PAYE return, but I have found their calulcations are usually spot on

[SimonMac]

I'm on an inside-IR35 contract through Paystream and just had a tax code change notification switching from 1257L to 819L. Is there any reason my tax code would change like that near the start of the tax year?

Log into your HMRC account and it will explain how it has been calculated

[Peoplesoft bloke]

Take a look at your personal tax account as eek says - they estimated my income really high due to me getting paid for March and April in April. They are restricting your allowance - possible reasons -
They think you owe tax
They think you will earn over 100K
They think you have some taxable benefits
Their system has done something stupid on an apparently random basis

[eek]

I'm on an inside-IR35 contract through Paystream and just had a tax code change notification switching from 1257L to 819L. Is there any reason my tax code would change like that near the start of the tax year?

HMRC think you've paid the incorrect amount of tax for last year and are taking the money via PAYE.

The fixes are to check your personal tax account at HMRC and do you tax return ASAP...

[BillHicksRIP]

I'm on an inside-IR35 contract through Paystream and just had a tax code change notification switching from 1257L to 819L. Is there any reason my tax code would change like that near the start of the tax year?