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Tax code query

KiKi
Posts: 5,381 Forumite


in Cutting tax
For some reason, in July (my company's new financial year) my tax code was changed to 1160LX, rather than 1160L. (Number is correct - I get a company benefit.)
I haven't changed job. I did have a pay increase in July, and one of my company benefits probably costs slightly more this year. However, every July I've had a pay increase and never had X added to my tax code.
I don't understand why this would cause an 'X', as I should still be taxed as per the whole tax year, not just on the basis of this month. Can anyone explain to me, please, or should I call HMRC and get it changed back to L only?
TIA.
I haven't changed job. I did have a pay increase in July, and one of my company benefits probably costs slightly more this year. However, every July I've had a pay increase and never had X added to my tax code.
I don't understand why this would cause an 'X', as I should still be taxed as per the whole tax year, not just on the basis of this month. Can anyone explain to me, please, or should I call HMRC and get it changed back to L only?
TIA.
' <-- See that? It's called an apostrophe. It does not mean "hey, look out, here comes an S".
0
Comments
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You can use this link to check if you have paid the correct tax for the current tax year.
Enter your correct taxable pay value for the (tax) year so far (from your latest payslip) and code 1160L on a cumulative basis and then compare the actual tax you should have paid with what you have actually paid per your latest payslip.
If this is correct or very close to it then you can ask HMRC to issue the code again without the emergency basis element (the X) so it is 1160L on a cumulative basis.
http://payecalculator.hmrc.gov.uk/PAYE0.aspx0
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