Tax Code 125T?

TheElectricYoot

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Righttrack

As far as I know its a temporary tax code. Probably something to do with commission not being a regular amount.
You could ring your local tax office, they are normally quite helpful and not at all scary

chrisbur

A T code is given when HMRC do not want any tax code updates to be applied. The only way it changes is when HMRC issue a tax code change for it. So for example when there is the annual increase in April all L codes will go up 50 places and similar for other suffix letters but any T codes will only change if HMRC advise the employer to change it.
Why yours has changed there is no way of knowing, though usually the coding letter has some explanation. If you can give the full details of how they arrived at it might be able to throw some light on it.
The T codes are often used when you have a split tax code between two or more jobs. From what you have said this does not seem to apply but it does suggest that there might have been some sort of change and it is possible this has given the impression you now have two jobs. Just a guess so if you can give the full details, hopefully can give a better answer.

TheElectricYoot

What do you mean by more information? All I have is a new tax code so I don't really understand what else I can give you.

My main worry is the 125 allowance more than anything though as it means I'm going to be taxed out of my a***!

chrisbur

A P2 coding notice from HMRC would normally advise how your tax code was arrived at; and would have various notes on the back. If these are missing then your only alternative is to contact HMRC for an explanation.

Dazed_and_confused

If you don't have the P2 notice you can log into your personal tax account on gov.uk to see how the tax code has been calculated.

agrinnall

Righttrack wrote: »

You could ring your local tax office, they are normally quite helpful and not at all scary

As far as I'm aware there is no such thing as a local tax office, at least not one that you can contact. Happy to be corrected as long as you can provide evidence to support your case.