do you calculate your take home pay based on salary and tax code or salary inc taxable benefits ?

pete1975

jimjames said:

pete1975 said:

colsten said:

OK, as I said, you'd be better asking tax questions on the tax board.

However, if you believe/know you get £8,418 benefits in kind, and if you want to smooth out your tax deductions, I would say your tax code for 2021-22 should be more like 415L. You should be able to tell HMRC through your personal tax code of the extra get, and close off your tax liabilities with a self assessment.

ok thanks,   i ask so many questions i think i literally drain people.   I think the problem is the fuel card because i dont know how much i will spend so ive only based it on rough figures of what i would spend each month

Do you actually get taxed on the fuel spend? I thought it was a fixed amount for that benefit?

hmm,  the accountant at work is very difficult to ask him anything i think he feels like he is being questioned as if hes doing everything correct.   I have a credit card to use and i asked him and he said i will just get taxed on the amount i spend.  nearly all of my spend will be personal miles so i have roughly worked out i would spend £2000 a year on fuel and worst case 40% tax on that.    Im not sure if i have done that correctly though.