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Paid more tax this month?
shezam
Posts: 565 Forumite
in Cutting tax
Hi all,
Quick question really, I seemed to have paid 20p more tax this month, would anyone know why?
Its only 20p and not going to break the bank, i'm just wanting to know why this would be!
Tax Code 747L
Thank you!
Quick question really, I seemed to have paid 20p more tax this month, would anyone know why?
Its only 20p and not going to break the bank, i'm just wanting to know why this would be!
Tax Code 747L
Thank you!
0
Comments
-
It is the way tax is calculated. Tax is taken only on the full pounds that it is due on; the pence are just carried forward untill they add up to an extra pound on your taxable pay then you pay 20% of that extra pound ie. 20P0
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