tax code help?

sheltonpotter

hi new to this forum i wonder if anyone can help me out,i recently found out that i have had the wrong tax code on my payslip it was 494t so i had it changed to the correct one of 527l that meaning i have payed the wrong tax since april i spoke to the tax office and they say my employer will refund me the difference is this correct and how do i go about it? also while i was speaking to the tax office they told me that 494t code from last year was also incorrect and it should have been 508l and i need to claim a refund on this.can someone please advise me on how to do all this thanks

CLAPTON

The 'normal ' tax code for this year is 522L ..is that what you mean?

Anyway your tax will be automatically adjusted without you having to do anything once your payslip shows 522L.

However, for last year you need to claim from the HMRC... just write in enclosing a copy of your P60 and say your tax code should have been 503L rather than 494t (well I suppose that what you mean).

I assume you have only one employment, no other sources of income (e.g. pensions etc) and no benefits in kind (e.g. car allowance, health plan)

Sully316

Just make sure that your tax code on your next payslip is 522L. If it says 522L/1 or has a tick/cross against a column saying (Week 1/Month1) then you need to get HMRC to change it to the cumulative basis. At the moment, if you are taxed on 522L only then you will get your tax refund automatically in your next pay as you are being taxed on your salary to date in the year taking into account your full personal allowance of 522L. If you are on tax code 522L/1 this means as from August/September you are only getting your full personal allowance from the date of the new tax code onwards, and you are still owed the difference on your tax allowance prior to this (i.e. 6th April to August/Sept). Hope it makes sense ?!?!

sheltonpotter

will my tax refund show on my payslip or will i just pay less tax that month?

tigtag02

sheltonpotter wrote: »

will my tax refund show on my payslip or will i just pay less tax that month?

It depends on how much of a refund you are due.

dzug

sheltonpotter wrote: »

will my tax refund show on my payslip or will i just pay less tax that month?

Depends on the figures.

Your employer will calculate your cumulative tax to date using the new tax code.

He'll then take away what you have already paid and either charge you or refund you the difference. It will show on your payslip as just one figure.

Tarasam

sheltonpotter wrote: »

correct one of 527l that meaning i have payed the wrong tax since april i spoke to the tax office and they say my employer will refund me the difference is this correct and how do i go about it? also while i was speaking to the tax office they told me that 494t code from last year was also incorrect and it should have been 508l and i need to claim a refund on this.

Hi,
your code sounds to me as though you've got some flat rate expenses in there, possibly for laundering your uniform or something like that?

When your employer pays you so long as you have a cumulative code you will either pay no tax for a month and see a refund on your pay or you'll pay reduced tax that month.

For last year, send your last P60 (original) to your tax office with a covering letter asking for an assessment to be carried out, should take about 8-10 weeks but they'll send you a cheque.

Kelly

dcasanova21

CLAPTON wrote: »

The 'normal ' tax code for this year is 522L ..is that what you mean?

Anyway your tax will be automatically adjusted without you having to do anything once your payslip shows 522L.

However, for last year you need to claim from the HMRC... just write in enclosing a copy of your P60 and say your tax code should have been 503L rather than 494t (well I suppose that what you mean).

I assume you have only one employment, no other sources of income (e.g. pensions etc) and no benefits in kind (e.g. car allowance, health plan)

there is actually a 527L tax code, i also recive i letter from HM revenue and custom saying they have change my 522L to 527L