Tax code Change 19 January at 12:51PM in Cutting tax 5 replies 166 views

Brzska

Hello, 

Would anyone be able to help with my tax code changing from 737 T for 21/22 to 568 TX for 22/23.  I have just filled out a self assessment and my bill is huge.  I haven't changed jobs. 

thank you

Dazed_and_C0nfused

No one can help explain what's happened unless you provide a breakdown of how the tax code has been calculated.

How many PAYE sources of income do you have (jobs, pensions)?

sheramber

'T' after your code number would indicate more than one source of PAYE income.

Dazed_and_C0nfused

There are a few less common situations as well.  Tapered Personal Allowance being one which could be relevant?

https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye11045

Brzska

Thank you.  The only other source of income is a bonus

Dazed_and_C0nfused

I'll stick my neck out and say your adjusted net income is over £100k and HMRC have simply reviewed your tax code following submission of your 2021:22 tax return.

Resulting in a change to the 568T tax code.

But it could be anything with so little information to go on!