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MSE online tax calcuator
DPF8591
Posts: 5 Forumite
in Cutting tax
Can anyone explain an "issue" I found with the mse online tax calculator. When inputting my tax code 1257L along with my annual income then clicking calculate it returns an annual tax liability based on a Tax Free Allowance, (tfa), of £12579. According to HMRC's website this tax code allows a tfa of £12570. Anyone know why the difference? Nine pound only I know but I am just curious. Thanks
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HMRC round down#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3660
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Your tax code allows 12579 allowances.DPF8591 said:Can anyone explain an "issue" I found with the mse online tax calculator. When inputting my tax code 1257L along with my annual income then clicking calculate it returns an annual tax liability based on a Tax Free Allowance, (tfa), of £12579. According to HMRC's website this tax code allows a tfa of £12570. Anyone know why the difference? Nine pound only I know but I am just curious. Thanks
In reality you are only entitled to 12570.
A lot people owe £1.80 (or £3.60) as a result.
In most cases you never have to pay this.0
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