tax code 500T

Euphoria1z

Hi

Started new job 2 weeks ago, first payslip said tax code was 0T, but i hadnt handed in my p45 till last week, so this (2nd) week payslip says 500T? why is it 500t?

have they maybe not processed my p45 yet or is it due to my bankruptcy?

Thanks

purdyoaten

Euphoria1z wrote: »

Hi

Started new job 2 weeks ago, first payslip said tax code was 0T, but i hadnt handed in my p45 till last week, so this (2nd) week payslip says 500T? why is it 500t?

have they maybe not processed my p45 yet or is it due to my bankruptcy?

Thanks

Have you asked your employer? Does HMRC believe that you have two jobs? What was the code on your P45?

Euphoria1z

purdyoaten wrote: »

Have you asked your employer? Does HMRC believe that you have two jobs? What was the code on your P45?

will ask employer tomorrow.


tax code on p45 was 1000l.


will phone hmrc but thought id ask here first if there was an obvious answer.

Anatidaephobia

HMRC may have received notification of your new job before they received the P45 from your old job. So, at that point, it will have appeared on their system as though you have two jobs. Sounds like their system has split the 10,000 allowances equally between the two jobs. If you phone them, they can correct it.