Discussion
Can anyone explain tax codes to me?
Middle of Jan I changed jobs, and the first pay packet miraculously came through with what I believed to be the right tax code - 522LM1.
This month, the payslip has come in with a much lower figure than expected, and with the tax code BR (basic rate?).
Phoned the tax office, they were out of date with my employment history by a couple of years/employers (not good!!!!), so I've got to update those details now.
ps. The tax offices hold music is supposedly calming classical stuff. It doesn't work. Grrrrr.
Middle of Jan I changed jobs, and the first pay packet miraculously came through with what I believed to be the right tax code - 522LM1.
This month, the payslip has come in with a much lower figure than expected, and with the tax code BR (basic rate?).
Phoned the tax office, they were out of date with my employment history by a couple of years/employers (not good!!!!), so I've got to update those details now.
ps. The tax offices hold music is supposedly calming classical stuff. It doesn't work. Grrrrr.
522L m1 is what is usually referred to as "emergency tax". It is your basic allowance on a "month 1" basis", i.e. calculated with no reference to cumulatives. Employers will use this in the absence of a P45 (if it comes too late for payroll process)
You are right, BR is basic rate (on everything, i.e. no tax free pay). You need to ask your employer why they used BR. Did you keep your copy of your P45?
You are right, BR is basic rate (on everything, i.e. no tax free pay). You need to ask your employer why they used BR. Did you keep your copy of your P45?
Did a bit more checking up on this on Friday.
Wish I'd looked at the pay slips for my last job a little closer, other than just the bottom line.
The P45 from my last employers had the "BR" tax code on it. Great.
The pay slips at the last job all had "BR" as the tax code.
And what kicked it all off? The P45 from the job I left 18 months back. That stated "BR". Even though the tax code on the pay slips from that employer displayed something like "503L".
Once I've got this sorted out, I'll get the excess I've paid back, won't I?
Wish I'd looked at the pay slips for my last job a little closer, other than just the bottom line.
The P45 from my last employers had the "BR" tax code on it. Great.
The pay slips at the last job all had "BR" as the tax code.
And what kicked it all off? The P45 from the job I left 18 months back. That stated "BR". Even though the tax code on the pay slips from that employer displayed something like "503L".
Once I've got this sorted out, I'll get the excess I've paid back, won't I?
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