dataplan

Tax code Y to be abolished

Tax code Y to be abolished
Adele Blackham
Written by Adele Blackham
Friday, 26 February 2016 13:19

Since 6 April 2012 the age related personal allowances have been frozen with a view to phase these out, now the basic personal allowance will increase to £11,000 from 6th April 2016 this brings the basic personal allowance above the maximum personal age allowance. Who will this effect? Anyone who was born before 6th April 1938.

So from April 2016 the tax suffix Y will be abolished. Anyone previously on tax suffix Y should receive a coding notification from HMRC to change them to suffix L or T. Don’t be too concerned if you do not receive notification in time for your April paydate, these coding’s can still be used until HMRC supply the revised coding.

Adele Blackham

Adele joined the company in September 2012 as Operations Manager to oversee an increasing number of client and development projects. With 25 years of payroll experience in some of the UK's largest companies Adele has seen it all and has a proven track record when it come to managing projects.

Want Super Hero Customer Service?

Get a quote
dataplan
f0d8