FAQs- Why Has My Tax Code Reduced & I Am Paying More Tax? This - TopicsExpress



          

FAQs- Why Has My Tax Code Reduced & I Am Paying More Tax? This year for the first time HMRC have had a purge on adjusting taxpayers taxcodes. Where a taxpayer has additional income to be taxed, be it dividends, rental income or a liability to higher rate, HMRC have been adjusting the tax code. This is so that the taxpayer pays the tax monthly and then does not have a payment to make after the end of the tax year. The same amount of tax is involved but this way HMRC claim it early. If you know you will not have this tax liability this year or even if you prefer not to pay it this way you can call HMRC and ask them to take the adjustment from your tax code.
Posted on: Thu, 24 Oct 2013 07:01:47 +0000

Trending Topics



Recently Viewed Topics




© 2015