Tax codes

knock1

Hi guys can somebody please help me.
I have only one job and over the last few months have had several tax codes.
March was -BR
May was -OT 1
July was-BR 1
Aug was-BR 1
Can anybody tell me why they have changed,what they mean and if i should be due a tax rebate.Thanks

CLAPTON

BR means basic rate tax... i.e. you receive no tax free allowance and all your income is taxed at 20%
if you have only one job then this is incorrect ... for this year the code ought to be 747L
0T is effectively the same i.e. zero tax free allowance

you need to phone HMRC and explain that you have only one job and they should change this to 747L; once this is operative you will automaically get the tax back for this tax year in your salary.

However you will also be owed a tax refund from last year (i.e. 2010-11) as your March taxcode was wrong too...

have you recently changed jobs or what?

thenudeone

The tax code is normally a number which is the value of your tax free allowance divided by ten, plus a letter; so a standard £7475 personal allowance = tax code 747?

When you start a new job you should give the P45 from your last job to your new employer. This tells your new employer what code to use. If you don't have one you can complete a P46 form (off the internet) which normally allows your employer to use the standard allowance code. If they don't have either for these forms they are obliged to use the emergency code BR which assumes that you are already using your personal allowance up in another job.

If you have two jobs at the same time (or sources of income such as a pension) you don't get two allowances, though, so the allowance can be split between the two jobs (even 100%-0% is possible) so that you get 100% of the allowance overall.

If this doesn't apply to you, you will probably have overpaid tax by being given code BR (= zero allowance) and need to contact your tax office to get a refund.