We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Tax coding

Hi,

I was wondering if anyone could help?

Ive just had a call from a friend who have their own business.

She wanted to know about coding notices, most of her employees have two jobs and she wanted to know what to set their tax codes at post-budget.

She says last year only one employee had tax code 503L, the rest were, for example, 424T and the such.

What she wanted to know was when the PA changes after the budget, should she use a the regular, e.g. the equivalent of 503L, or increase their current code in proportion with last years code and the new code?

If that makes sense?

Comments

  • ctm_2
    ctm_2 Posts: 479 Forumite
    Part of the Furniture 100 Posts Combo Breaker Name Dropper
    She should follow the instructions she receives from HMRC on the P9X she will receive and any other coding notices she receives for employees who are not on 503L.

    If she has any doubts or questions about what she should be doing with peoples codes then she should contact the HMRC Employers Helpline who will be able to tell her what to do. She should not change codes without instruction from HMRC.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.