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BR tax code
leighv
Posts: 75 Forumite
in Cutting tax
I was on the BR tax code for the whole of last year, after joining my current employer at the very beginning of April (something which I have only just noticed). Why would this be? Why wasn't it changed over the year? Whose responsibility is it?
I have therefore done the sums, and it seems that I will end up owing the tax office over 5k!!!! Not something I can afford!!! What are the settlement terms of paying back this money?
Thanks.
I have therefore done the sums, and it seems that I will end up owing the tax office over 5k!!!! Not something I can afford!!! What are the settlement terms of paying back this money?
Thanks.
0
Comments
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probably ultimately your responsibility.
Did you hand in a P45 or fill in a P46 if you did not have a P45? You should have done one of these.
Presumably, as you say you owe over £5,000 you are a higher rate taxpayer? I can't say how HMRC would expect you to pay it back but perhaps best to get in touch and discuss it.0
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