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Really confused about tax code update
mollygrub
Posts: 127
Forumite
Hi everyone
Please forgive my ignorance here but I am confused?
Went BR in Feb 26.
Just received an HM letter stating following:-
- I Need to complete a self assessment for April 25 to April 26
- My employer took tax from my pay and pension and letter states they shouldn't have. They are refunding the amount taken to my Trustee.
- Does that mean my employer shouldn't be taking tax off me until feb 27?
- If not how do I pay my tax please?
Sorry if I am being a bit dim!
Kindest wishes
0
Comments
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When made bankrupt you should not pay tax from the date of bankruptcy till the end of that tax year so in your case Feb 26 to 5 April 2026. From 6 April 2026 it reverts to 'normal'
1 -
Oh fab. So as from now my tax is just paid normally.. that sounds like a relief
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