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Tax code 500T

tightasagnats
Posts: 391 Forumite
Hello Tax Folk
New financial year, new tax code....fewer dollars :eek:
I have 3 jobs for same employer, this has been so since last Sept. One is my main job, and the other two are 2 teaching contracts. 2 pay all year round, one is for 9 mos a year temp basis.
I get 3 payslips. This month, the only thing that is different is that on the main payslip, I have £100 less after tax, and a new code 500T cumu - which is usually 1100L cumu.
Other two pay amounts are as they were before (these payslips will arrive in post next couple of days).
I should add that gross pay is within the 20% bracket.
HELP!!!
New financial year, new tax code....fewer dollars :eek:
I have 3 jobs for same employer, this has been so since last Sept. One is my main job, and the other two are 2 teaching contracts. 2 pay all year round, one is for 9 mos a year temp basis.
I get 3 payslips. This month, the only thing that is different is that on the main payslip, I have £100 less after tax, and a new code 500T cumu - which is usually 1100L cumu.
Other two pay amounts are as they were before (these payslips will arrive in post next couple of days).
I should add that gross pay is within the 20% bracket.
HELP!!!

0
Comments
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Have you not received a coding notice from the tax office ? Have you got on line access to your tax account ? What were the tax codes on the other 2 last year ? Were you paying the correct tax last year, if not maybe you owe them but the only way to find out is by contacting HMRC.0
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as a teacher I assume you can use google?
https://www.gov.uk/tax-codes/overview
T means your tax code has been reduced from the normal (1150) to 500 for reasons which will be explained on the tax code notification you have either been sent or can read online.
It is possible (/likely) your £11,500 personal allowance has been split between the main and one or both of the other jobs. If you did not request that split then it has been reduced because you owe a shed load of tax from previous years due to the codes used on your 2 other jobs probably being wrong and the code has now been reduced in order to collect that back tax
Why would you be rude? Yes I googled it but it wasn't clear to me as nothing has changed.
Thanks for the other info. I shall look at my online tax account and see if there's a notice, thanks.0 -
Have checked, there's no notice of tax code change. I'll get on to HMRC. We had a change of payroll company last year and all kinds of tax headaches to start with - so quite possibly it wasn't right, but my self assessment should have picked up any shortfall.0
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You have only had three jobs for the last six months?
Before that, you had only one job, filed self assessment returns and all tax due was correctly paid?
Have you calculated your tax due for the tax year 2016-17?
Did you ever request HMRC to set all your allowances against your main employment?
It is not impossible that HMRC has made an error - check your facts and contact them to sort out what has happened.0 -
Not quite. I had 2 jobs, one perm, one on a temp contract, from Sept 2015 and then from Sept 2016 part of the temp work became permanent, so I then had 3 payslips. Self assessment for a small amount also, which was all OK.
I also earned overtime last year so could be that wasn't taxed correctly, the payroll office really made a hash of my pay for some months, and many of us ended up with backpay, I think the rest was taxed OK. We then changed payroll company and I had emergency tax for a while.
I couldn't get through to HMRC earlier and the online account set up failed as it didn't agree with the tax paid on my payslip amount entered as a security question!!
Anyway, thank you all, and I shall continue to attempt to speak with someone @ HMRC. I guess April is a busy time.0 -
Anyway, thank you all, and I shall continue to attempt to speak with someone @ HMRC. I guess April is a busy time.
Try just before 8am.
https://www.gov.uk/government/organisations/hm-revenue-customs/contact/self-assessment0
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