0T Tax Code

henke_danke

Hi,

Just got access to my HMRC Tax Account online and it is pretty funny reading.

Their income tax estimate for me in 2016/2017 is on there as £209,000......which I'm certainly not going to earn this year! They also have me on a 0T tax code which I think is wrong as I won't be making more that 100k this year in salary and others.

Why is it so wrong and whats the best method to get this fixed? A phone call?

Thanks

molerat

You can change your income estimate on line. Does it show your correct income to date ?

polymaff

henke_danke wrote: »

Why is it so wrong and whats the best method to get this fixed? A phone call?

The real story of your tax affairs in the last few years would help.

singhini

have you changed jobs part way through the year? (they may have doubled your salary by mistake, rather than just updated the details for your employer). just a thought.

henke_danke

Well I gave them a quick call and all sorted. Combination of my employer paying me some owned money earlier in the year and HMRC using some historic tax returns where the majority of my income came from dividends and capital gains.

All in all they were very easy to deal with. New tax code issues and the money owed going to be paid through wages now.

henke_danke

polymaff wrote: »

The real story of your tax affairs in the last few years would help.

Combination of previous earnings through dividends and getting paid some back wages previously. Nothing sinister.

henke_danke

molerat wrote: »

You can change your income estimate on line. Does it show your correct income to date ?

This wouldn't work for me online at all. Income to date was correct.