Taxable pay reducing monthly???

Dave808_2

Wondering if anyone can help! I work in Denmark and live in the uk (offshore) so I have to pay my tax to Denmark. I started in Denmark around May this year but worked for the same company in Scotland prior to this and paid PAYE tax. The company operate and equalisation scheme (worldwide) so that everyones pay and tax is equal to uk rates. I'm currently applying for a mortgage and the lender has noticed on my payslip that my "taxable pay" is decreasing monthly by around £500. I've never noticed it! I've no idea why but have to provide an explanation! Has anyone any ideas about this stuff??

Savvy_Sue

Is decreasing each month or has decreased once?

Probably best ask your employer to explain. They must be used to this.

le_loup

Currency fluctuation?

CLAPTON

le_loup wrote: »

Currency fluctuation?

by £500 per month : must be a pretty good salary?

Dave808_2

Paid in sterling so no fluctuations. And has decreased every month since starting work there. My take home remains the same, just the taxable amount on my slip changes

agrinnall

I think you'll need to find someone who understands the Danish tax system if you're looking for any clues - better to ask your employer really.

le_loup

Dave808 wrote: »

Paid in sterling

You may be but is the base in Krona converted to Sterling?