What Happens If Your Tax Code is Wrong?
Find out what happens if your tax code is wrong, how tax refunds work and how to contact HMRC to get things corrected.
Tax codes affect how much income tax you pay on your payslip, so it’s important to make sure your employer is using the right one. Here you’ll find guides to help you understand how tax codes work and how deductions are made.
Friendly Disclaimer: Whilst I am an accountant, I’m not your accountant. The information in these guides are legally correct but are for guidance and information purposes only. Everyone’s situation is different and unique so you’ll need to use your own best judgement when applying the advice that I give to your situation. If you are unsure or have a question be sure to contact a qualified professional. I cannot accept responsibility for any losses or penalties you may incur while following the contents.
A tax code is a numerical number followed by a letter issued by HMRC. Find out how they are generated and what yours means in these guides:
Income tax and your personal allowance may be calculated in different ways if you have different tax code letters. Here are the most common adjustments and what they mean:
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Find out what happens if your tax code is wrong, how tax refunds work and how to contact HMRC to get things corrected.
Did HMRC notify you about a change in your tax code? Wondering why a tax code change has been put through? Then read on to find out the most common reasons tax code changes happen, how to find out why yours has changed and what to do if you think HMRC has made a mistake.
What the 1257l tax code means, why HMRC issues it every year, whether you get it if you’re self-employed & checking it’s right for you.
Understand the K tax code including how it is worked out by HMRC, what it means and why it is given to individuals in certain situations.
Understand how an emergency tax code works (also known as basic rate, M1 tax code or W1/M1), why it is used and how to get an emergency tax refund.
An overview of tax codes used by HMRC including how they are worked out, the letters commonly used and coding notices.
If your payslip shows the 1185l tax code, then you’re on one of the most commonly used tax codes for 2018. In this guide, I’ll explain more about this code, including what it means, why it’s used and how to check it’s right for you. What is a Tax Code? A tax code is a … Read more
The tax code D0 means all your income is being taxed at 40% without any personal allowance being deducted.
0T tax code is an emergency code meaning all your income is being taxed without any personal allowance being deducted.
Understand the BR tax code meaning, which it’s an emergency tax code and what that means for the income tax you pay on your salary.
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