There has been a noticeable increase with errors in the latest round of coding notices issued by HMRC in preparation for 2014/15.
For employees
it is essential that the composition of codes is correct so that the monthly tax
deductions from salary are correct.
Most
noticeable is that where an assumption is made that income will exceed £100,000
and that no personal allowance is due.
If it is not
corrected then tax of £2,000 (20%) or £4,000 (40%) will be over-deducted during
the year.
If there is
any doubt then contact HMRC for an explanation.
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