New style PAYE coding notice

[timwilky]

Well my latest one has just arrived. The revenue must have decided to give clearer explanations and it is enough to make me cry. Well my code is a pitiful 96L.

The explanation of the implications says :- "You can receive about £80 a month, or £19 a week before you employers take tax off you".

£19 a week before I pay tax. I want to cry

[Sudoxe]

Well my latest one has just arrived. The revenue must have decided to give clearer explanations and it is enough to make me cry. Well my code is a pitiful 96L.

The explanation of the implications says :- "You can receive about £80 a month, or £19 a week before you employers take tax of you".

£19 a week before I pay tax. I want to cry

Your first coffee of the week is tax free! \o/

Dan

[Caddy2000]

Timwilky - Know how you feel!!!

My tax code has gone from 453L to 222L and nothing in my life or work has changed - just that the taxman wants to now take £3000 off my personal allowance for my work van, oh and I've got to tell them about my diesel card - another £500.

SO that will be a tax code of 172L :cry:

Not as mad as your but still hurts - esp as I'm single, living too close to London, and on £20k - there goes the mortgage!!!

[timwilky]

Well my latest one has just arrived. The revenue must have decided to give clearer explanations and it is enough to make me cry. Well my code is a pitiful 96L.

The explanation of the implications says :- "You can receive about £80 a month, or £19 a week before you employers take tax of you".

£19 a week before I pay tax. I want to cry

Your first coffee of the week is tax free! \o/

Dan


Oh christ, Do I have to tell them that the company supplies free coffee? and I am a caffeine addict.

[mac608]

Be thankful you're not on a "K" code.

You already owe the taxman before you've even got out of bed.

[Caddy2000]

Be thankful you're not on a "K" code.

You already owe the taxman before you've even got out of bed.

:smt119 :smt103 :smt095

[mac99]

Be thankful you're not on a "K" code.

You already owe the taxman before you've even got out of bed.

:smt119 :smt103 :smt095

Yup,

I was on K509 for about 6 months last year. Allowed to earn -£5000 before the tax started. :evil:

[Caddy2000]

How does that work? How can you owe the government money before you have even earnt any?

Unless you've been a little naughty?....

[mac99]

Basically, they believed I'd earned a lot more in 05-06 than I actually did and wanted payment on account. I didn't want to give them this money I didn't really owe, so just ignored it.
This is not a practical solution. :D

[mac608]

Caddy2000 Posted: Mon Jan 22, 2007 10:03 pm Post subject:

--------------------------------------------------------------------------------

How does that work? How can you owe the government money before you have even earnt any?




Two ways- owing the taxman a bundle from a previous year(s), or you have a company car and/or other taxable benefits were the tax on them is greater than your allowances

[Caddy2000]

nnnnngggghhh!!

not good at all :(

[mac]

K codes are nasty - was on K65 in my last job (company car, health insurance and a few other perks) was glad to get back to my 503L code.

:(