PAYE and Company Car

tankboy

Hi,

Due to change my company car in November which will be around half the P11D value than my current car.

Does anyone know if the HMRC will change my tax code an notify my employer on my instruction or will I have to wait till April next year?

Thanks.

Savvy_Spender_South

Each time i upgrade an employee benefit pack, i inform IR, however a simple question to your own HR dept will clear this up. Dont forget, if it does fall on you, you can make a mid-year adjustment rather than leave it to april if that helps you budget. Check the HMRC website for clarity on how to do this.