Tax Codes

ESalter

Hi, I really need some help understanding my tax.......
My employer since 2008 has 'charged' an incorrect tax code as it wasnt registered that I had a company car and it now appears I owe the Inland Revenue just under £2, 000 !!!!!
Year 2008 - 2009 I was supposed to be on Tax code 304L and my employer had 647L (474.80 owed for shortfall).
Year 2009 - 2010 they left me on 647L (£687.00 owed shortfall)

I am being put on Tax Code K94 for 2011- 2012 without deductions owed for 2010 - 2011.

They are saying that my employer was still charging code 647L when it should have been 165L - estimated I owe around the £700.00 mark tax for this year

I am so confused and to be honest very upset about the amount of money I now owe to the Inland Revenue and concerned I am not going to be able to afford to pay back what they are asking for over the next 12 months - I am paying for a wedding May 2012 !

Any advice would be greatly appreciated .

Money_Grabber13579

Not much you can do about it...you could take it up with your employer, however jobs are scarce these days.

ceeforcat

I would contact HMRC and ask if they can spread the underpayment collection over a longer period - you can only ask!