1256L tax code?

n1guy

So just checked my tax code for new year and it’s dropped to 1256L from 1257L. Is this normal?  I thought tax codes usually went the other direct?

sammyjammy

Thats quite strange, thats a difference of £10 so £2 extra tax a year if you exceed the threshold.  Have you notified HMRC of any changes?

A quick google suggests you aren't the only one.

Flugelhorn

perhaps you have some unpaid tax from last year or savings interest or other income etc 

n1guy

I had this issue a couple of weeks back, thought it might have sorted itself out by now. Unless this is effecting it https://forums.moneysavingexpert.com/discussion/6516903/why-would-my-paye-tax-just-double/p1

n1guy

sammyjammy said:

Thats quite strange, thats a difference of £10 so £2 extra tax a year if you exceed the threshold.  Have you notified HMRC of any changes?

A quick google suggests you aren't the only one.

So what £10 over the tax year?

BoGoF

n1guy said:

sammyjammy said:

Thats quite strange, thats a difference of £10 so £2 extra tax a year if you exceed the threshold.  Have you notified HMRC of any changes?

A quick google suggests you aren't the only one.

So what £10 over the tax year?

£2 in tax or £4 if you are higher rate. Is there a breakdown of the tax code showing a restriction for anything?

BoGoF

n1guy said:

sammyjammy said:

Thats quite strange, thats a difference of £10 so £2 extra tax a year if you exceed the threshold.  Have you notified HMRC of any changes?

A quick google suggests you aren't the only one.

So what £10 over the tax year?

£2 in tax or £4 if you are higher rate. Is there a breakdown of the tax code showing a restriction for anything?

TELLIT01

n1guy said:

sammyjammy said:

Thats quite strange, thats a difference of £10 so £2 extra tax a year if you exceed the threshold.  Have you notified HMRC of any changes?

A quick google suggests you aren't the only one.

So what £10 over the tax year?

It's not the amount, it's the fact that coding has reduced and the OP doesn't know why.  Is it a crime to ask a question?

BoGoF

TELLIT01 said:

n1guy said:

sammyjammy said:

Thats quite strange, thats a difference of £10 so £2 extra tax a year if you exceed the threshold.  Have you notified HMRC of any changes?

A quick google suggests you aren't the only one.

So what £10 over the tax year?

It's not the amount, it's the fact that coding has reduced and the OP doesn't know why.  Is it a crime to ask a question?

You do realise the OP is the same person who put the "So what...."?

And it wasn't meant as a So what but a So, what

molerat

Your on line tax account or letter you receive(d) from HMRC will show the calculation of how the code is arrived at.

n1guy

BoGoF said:

n1guy said:

sammyjammy said:

Thats quite strange, thats a difference of £10 so £2 extra tax a year if you exceed the threshold.  Have you notified HMRC of any changes?

A quick google suggests you aren't the only one.

So what £10 over the tax year?

£2 in tax or £4 if you are higher rate. Is there a breakdown of the tax code showing a restriction for anything?

Not that I can see on HMRC