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Quick question re the universal £60 tax rebate

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Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    mstopham wrote: »
    Thanks that explains it!


    you should contact your tax office and find out why you are on a non cumulative tax code
  • CLAPTON wrote: »
    you should contact your tax office and find out why you are on a non cumulative tax code

    I'd bet it was because of the job changes.
    I have worked for 3 companies, 2 as a contractor before starting a permanent job in July.
    Somewhere along the line her previous pay details/tax deductions haven't been accounted for. Tax office are so slow at this sort of thing though it's best to get them to look into it asap as CLAPTON says.
  • robmcfc86 wrote: »
    After googling tax questions I came across this forum in the hope of finding an answer. I understand all tax codes within 'L' bracket were increased by 60 increasing employees personal allowance increase by £600. All of my collegues have received this yet mine is on 586L, an increase of 43 from 543L; just trying to make some sense out of it all, any reasoning for this?
    Was your tax code previously 526L? If so, hopefully you should have a coding notice that should explain what makes up your tax code.
    I am an Accountant. You should note that this site doesn't check my status as an Accountant.
    All posts on here are for information and discussion purposes only and should not be seen as professional advice.
  • Hi there,
    I have just started a new job and recieved my first payslip
    the tax code is 603L M1
    what is the M1??? anyone know
    is this an emergency tax code? I handed in my P45 when I started so I should be in the right tax code.
    Any help or advice would be much appreciated!

    thanks
    Daisy
  • daisygov wrote: »
    Hi there,
    I have just started a new job and recieved my first payslip
    the tax code is 603L M1
    what is the M1??? anyone know
    is this an emergency tax code? I handed in my P45 when I started so I should be in the right tax code.
    Any help or advice would be much appreciated!

    thanks
    Daisy

    M1 = month 1, i.e non-cumulative. 603L can be used as the emergency tax code and you are on a non-cumulative basis with the inclusion of 'M1'.

    Your employer will send a part of the P45 off to HMRC and any difference in your coding will be issued and your employer will be informed.
  • I can't see the extra 60 quid on this month's pay!
  • jem16
    jem16 Posts: 19,845 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ultrapop wrote: »
    I can't see the extra 60 quid on this month's pay!

    Not enough info to help you there.

    1. Are you a higher rate taxpayer?
    2. What was your tax code last month and this month?
  • chrisbur
    chrisbur Posts: 4,295 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    daisygov wrote: »
    Hi there,
    I have just started a new job and recieved my first payslip
    the tax code is 603L M1
    what is the M1??? anyone know
    is this an emergency tax code? I handed in my P45 when I started so I should be in the right tax code.
    Any help or advice would be much appreciated!

    thanks
    Daisy

    Check the P45 Part 1A employee's copy, that you keep. Does it have a cross in the box to the right of your tax code at section 6 under week 1 or month 1 and figures in section 8 if so then you were on a week1/month1 code when you left your last employer and this has carried forward to your new employer.
    If there was no cross and you have figures in section 7 of the P45 then either your employer has made a mistake or they may have recieved the P45 to late to process for this payroll and it will go through next month. Either way get in touch with them to find out what has happened.
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