Tax code changed from 747L to 509T

Clarebellair

Hi could some explain in laymens terms why my tax code would have changed. My circumstances have not changed so at a bit of a loss. Thought i would try and understand before i speak to hmrc and they baffle me thansk

princessdon

Are you a very high earner? Eg in the 50% bracket?

Just trying to think of reasons for a T coding

Gra76

The link below should help explain a little more (hopefully), but even then you will probably have to speak to HMRC to find out exactly why:

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/IncomeTax/Taxcodes/DG_078568

[Deleted User]

Do you have more than one job? Or another source of income? Or do you owe tax from a previous tax year? Did you get a coding notice from HMRC?

Clarebellair

Thank you everyone, no not a high earner and just the one job - i wish i was in the 50% bracket!

Ill have a read of that link

thank you

McKneff

Do you get any perks, company car, health cover etc.