MegaSack DRAW - This year's winner is user - rgwb
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So the lady in finance has just told me that my tax code has changed from 647 to 287, this leaves me in worse off .
Now considering after losing my job last year and this job paying £9k less and me being the lowest earner here despite being the only one to have bothered to educate myself, I'm a bit hacked off. Well more than hacked off I will have to leave by November or my savings will be zero.
Anyway on to my actual question, why would this have happened as I always thought people had a tax free allowance of £6475 whether you are a multi millionaire footballer or a low earning shop assistant. Are they friendly at the tax office as I'm going to have to call them.
taxable benefits? i had similar last year after I borrowed the company truck a couple of weekends and I lost about £3500 of my tax free allowance.
got sorted pretty quickly by our finance guy as I wasn't the only one in the company.
I don't have any company cars or such like. Although thanks for the heads up.
neither do I, but I had recorded some personal mileage in a company vehicle and the tax office tried taking taxing me as though it was my company car.
oh, and they tried taxing me on all my expense claims as well. as though staying in shitty hotels in dead end town and driving hundreds of miles was a perk!!!!
Yup give them a call and they will get to the bottom of it. They gave me the wrong tax code and had on their records I had a company car even tho I last had one in 2007/8. 4 weeks later a cheque arrived with 4 digits which is always good. Def call them asap. Good luck.
It could be you've previously underpaid tax and they're now trying to claim back the arrears throguh your tax code. Tax offices are, ime, very helpful.
Company should send you a P11D outlining any benifits you had last year.
Tax codes are a bit of a pain in the arse when it comes to budgeting unless you know how your payroll system is set up.
If there are no changes in allowances or benefits between your jobs, it sounds like you haven't paid enough tax on last year's income. You might have been on an emergency tax code with your new employer, which didn't consider your total income and tax paid from your old employer?
Tax offices are, ime, very helpful.
True in my experience also - make sure you have the relevant info (NI number, employer's tax reference etc) and give them a call to find out what's going on.
As others have said, it may be they think you've underpaid tax - if this is the case then you're going to end up paying it one way or another, whatever the job (assuming it's correct - otherwise the tax office should be able to sort it for you).
Never driven a vehicle here nor claimed expenses. Last job I feel were more clued up in regards to tax, so doubt thats wrong. The only thing that rings a bell could be they thought I owed them national insurance in the middle of my uni course, around 2005.
don't HMRC send you a bit of paper (Coding Notice ?) telling you how it's calculated/arrived at ?
sounds like your employer has declared something on your P11D - and they should have given you details of that ...
you should receive a P2 that outlines your taxcode... your employers should of received a P6 also, both these will tell you what's going on.
Chances are your account would of been reconciled for 2009, the system would of found an underpayment for that year, and coded this underpayment into the tax code.
But the underpayment was because I was made redundant the dozy buggers.
Tax office have sent me 4 different coding notices in the same year. The 'standard' system seems rubbish and ineffective. Phone up and they are nearly always helpful though and can sort things out.
Be careful though. When querying a change in tax code a few years ago it turned out my previous employer had forgotton to mention my fully expensed company car until they were prompted to correct the error I was querying.
The error I corrected got me a £600 refund. The unpaid tax on 3 years of fully expensed car were considerably higher 🙁
You need to find out why. You chould have a document explaining how the 647L code was reduced in this fashion, my guess is that it relates to a P11d filed by your previous employer.
