BR Tax Code

branson

Hi all.

Just started work again after two months claiming JSA. Get paid weekly and noticed that on my first wage slip is the tax code 'BR'? This does'nt stand for BankRupt does it?

hawkster

Hi

BR means Basic Rate. This means that all your taxable earning are being taxed at 20%.. You should have a P45 from Job Centre to pass on to your new employer, or ask your employer for a form P46, this will ensure you are on the correct tax code

branson

hawkster wrote: »

Hi

BR means Basic Rate.

Phheww, thats Ok then! Well I gave my new employer Part 2 & 3 of my P45 from my last company (got Job centre P45 in post today). Could they not of used that tax code?

philnicandamy

branson wrote: »

Phheww, thats Ok then! Well I gave my new employer Part 2 & 3 of my P45 from my last company (got Job centre P45 in post today). Could they not of used that tax code?

that would have been too easy!

JCS1

Depends - if the date on your P45 was previous tax year you can only use that code up until a certain date into the new tax year.

scottn

google 'P46', complete it today and hand it to your employer tomorrow.

JCS1

scottn wrote: »

google 'P46', complete it today and hand it to your employer tomorrow.

No need as job centre P45 came in the post today.