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Tax Codes query
Johng100
Posts: 27 Forumite
Hi all
Does anyone know what community and non community mean in relation to a BR tax code ?
TIA
Does anyone know what community and non community mean in relation to a BR tax code ?
TIA
0
Comments
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BR= basic rate tax i.e all income taxed at basic rate with no allowances,used to be known as "emergency tax" and usually applies when you start a new job and your employer hasnt been given your tax code0
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ThanksBR= basic rate tax i.e all income taxed at basic rate with no allowances,used to be known as "emergency tax" and usually applies when you start a new job and your employer hasnt been given your tax code
I know what BR is
I have been told by my annuity provider that the BR code I have been given is "community" but should be "non community"
I want to know what these terms mean0 -
Do you mean cumulative and non cumulative? I had a google and that's all I could find, nothing about community and non community. Try googling "cumulative and non cumulative BR tax code"August GC 10th - 10th : £200 / £70.61
NSD : 2/80 -
If it's that, it's regarding how your tax allowance is spread over the year I believe.August GC 10th - 10th : £200 / £70.61
NSD : 2/80 -
ThanksDo you mean cumulative and non cumulative? I had a google and that's all I could find, nothing about community and non community. Try googling "cumulative and non cumulative BR tax code"
You are probably right it's the barrier of the common language I am Scots the woman I was speaking to was southern english
thanks again0 -
If BR is to be applied on a non-cumulative basis then the employer would have to deduct 20% from that weeks/months wage without looking to see how much pay and tax you had in the year prior to that payment.
On a cumulative basis the employer would look at your total pay to date and have to ensure that the total tax paid to date was 20% of that. If the amount of tax paid up to that point did not equate to 20% because, say you were on a higher tax code, then once the cumulative BR code was applied for the first time you could be left with much less pay.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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