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Nil Tax Code - What do I do?
stressedandconfused_2
Posts: 112 Forumite
Me again - thanks loads to all who replied to my last query. As ever, huge support and reassurance.
I have been put on a nil tax code. I have no idea what this means, what do I do, my employer has informed me, but I dont know what will happen, who do I need to tell....????
If I was clued up on finances, I wouldnt be in this situation now!!!.....???
I have been put on a nil tax code. I have no idea what this means, what do I do, my employer has informed me, but I dont know what will happen, who do I need to tell....????
If I was clued up on finances, I wouldnt be in this situation now!!!.....???
0
Comments
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You have to put the tax you would have paid to one side. a company called the moonbeever will be intouch andyou will have to send the money to them. Once the tax code is in place you dont have to tell anyone jsut wait for moooon beever..0
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no need to do anything, you will get extra pay because they wont be taking tax. The OR will inform you if they are going to collect this from you. They may not because it is late in the financial year. It should change back to normal in AprilHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0
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