bastards just took an extra £350 this month through my tax code. I changed company car mid last year and due to an admin error the last tax code I got had them both on, hence was deducted taxable benefit on £50K worth of cars and 2 lots of fuel!
I have advised them and they have ‘corrected’ it but then the next tax code has the correct car code on it, but now has an estimated underpayment of tax of about £4000. So I rang to ask why and their answer – because you had two cars from december to mid march!!
I’ve again clearly pointed this out and their response if to wait until my P11D is available and then they’ll review it again. That could be May by the time i get it, and June by the time it’s reviewed and in my tax code in which time I’ll have overpaid £350 a month to them. Then they’ll refund it to me in my tax code over the next 9 months.
Is this incompetence or a way for the tax office to boost government balance sheets? free loans from the people?