tax codes
Tax code basics - what do they mean? - 15 March 2010
Tax codes can be confusing. Just what do they mean and how do they work?
A tax code will be issued by HMRC for your employees and dictates how much tax you should deduct from your employees. The tax code will be issued to you as an employer on a form P6.
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Incorrect Tax Codes - 28 February 2010
HMRC have again acknowledged there are problems with incorrect code notifications for 2010/2011.
It is recommended that all employees rigorously check notices to ensure they are correct. One alarming example is in respect of van fuel benefit. The correct charge for 2010/2011 is £550. However the notice of coding may show £1050.
HMRC have carried forward the charge for 2009/2010 of £500 and added it to the 2010/2011 charge.
read the full details
Employer notification of Tax Codes - 14 February 2010
HMRC will shortly commence the issue of notices of coding to employers for 2010/2011 on forms P9. As a result of problems encountered in January and February following HMRC's incorporation of the new PAYE computer, incorrect code notices have been issued to employees. As a result, where HMRC are aware of the problem, forms P9 will not be issued at this point. read the full details
