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Can I switch to NT code?
MerchantMariner
Posts: 39 Forumite
in Cutting tax
Hi all,
I have been claiming seafarer's earnings deduction for three years now. I also have a small business, but its earnings fall within my personal allowance (the entirety of which is available due to the SED).
Is it possible to switch to an NT code so that I don't have to wait and claim once a year? I do appreciate the enforced savings but I wonder if it would just be better to have it all available each month!
Thanks!
I have been claiming seafarer's earnings deduction for three years now. I also have a small business, but its earnings fall within my personal allowance (the entirety of which is available due to the SED).
Is it possible to switch to an NT code so that I don't have to wait and claim once a year? I do appreciate the enforced savings but I wonder if it would just be better to have it all available each month!
Thanks!
Debt (Worst): £8,500 CC/OD/PDL plus £4,500 HP = £13,000
Debt Free since October 2014!
Debt Free since October 2014!
0
Comments
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I have no experience of this but it appears that you can.
http://www.hmrc.gov.uk/manuals/pommanual/PAYE81660.htm0
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