810L Mth1

BigOrk

I'm on the above tax code but what I am wondering is, does this tax code mean that I am playing the right tax? My tax code should just be 810L but as they don't have details for the rest of the year, they have stuck me on this emergency code.

xylophone

https://www.gov.uk/emergency-tax-code

CLAPTON

depends upon your circumstance but usually 810 M1 is an emergency code when you start a new job without a P45.

maybe tell us the details of your employment from April 2012

BigOrk

CLAPTON wrote: »

depends upon your circumstance but usually 810 M1 is an emergency code when you start a new job without a P45.

maybe tell us the details of your employment from April 2012

I was in employment from April 2012 but switched jobs at the end of July 2012. My annual salary is £15,932.

Is it a case of waiting or would I be better collecting all my previous P45's and phoning HMRC up?

jem16

BigOrk wrote: »

I was in employment from April 2012 but switched jobs at the end of July 2012.

What did you do with your P45? Did you give it to your new company?

CLAPTON

when you joined the new company in july did you hand in the P45 or did you fill in a P46?

you only need the P45 from your job ending in july 2012 (those before april 2012 any p45s no longer any use for this purpose)

BigOrk

As I'm working at the minute, I can't check what docs I have at home but I'm pretty sure I filled in a P46.

BASFORDLAD

Send your p45s to the tax office with a covering letter giving them your employee number and your employers PAYE number, ask them to send your employer an updated tax code.

trevormax

if what you say is correct, you might have not paid enough tax depending on when you got your last pay from your last job and your first pay from your new job.

If you were paid twice in the same period (once from each job) and the old one used the normal 810L code and the new one an emergency code 810L W1/M1, you will have had two lots of tax free allowance in that period.

If so, HMRC will leave you on the emergency code for the remainder of the tax year and then reduce your code in a later year to collect the underpayment. (explaining why you are still on an emergency code) This is to prevent you getting a massive tax bill in your pay if they had put you on to a cummulative code in your new job.