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tax code changing from 647L 1 to BR
i received a letter from the tax office saying as from April 2010 my tax code will change from 647L 1 to BR... what does that mean?
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this is an extract from the DM....
One warning sign is a new tax code with the letters BR or DO, indicating that no tax-free pay is connected to that income.
Read more: http://www.dailymail....ls.html#ixzz0i6XFdq6s
One warning sign is a new tax code with the letters BR or DO, indicating that no tax-free pay is connected to that income.
Read more: http://www.dailymail....ls.html#ixzz0i6XFdq6s
numm no second job, and i'm already paying tax of £28 - £36 per week. so if it changes to BR is it calculated as 20% off every wage week i get? so for example if i get paid £200 a week, they would tke £40 of that? plus NI? so i would up with £140ish? i get paid weekly.
on my wage slip which part do i look? ' tax payable to date' or 'tax to date'?
as what craft sent, must b an error from the tax office?
if its a new tax year coming up shouldnt i get the tax free allowance of £6470? All comments welcome :)
on my wage slip which part do i look? ' tax payable to date' or 'tax to date'?
as what craft sent, must b an error from the tax office?
if its a new tax year coming up shouldnt i get the tax free allowance of £6470? All comments welcome :)
-- answer removed --
Contact the tax office. If you have no second income then you should get the allowance.
Yes BR means that it will be deducted at whatever the current base rate of tax is at the start of the new tax year (April). Your employer will have had notification to apply this rate.
Have you had any letters from the I Revenue asking for information which you might have overlooked? It might be that hey needed details and if you didn't supply information then they revert to the BR code. As I say you need to contact them to find out why it's happened.
Yes BR means that it will be deducted at whatever the current base rate of tax is at the start of the new tax year (April). Your employer will have had notification to apply this rate.
Have you had any letters from the I Revenue asking for information which you might have overlooked? It might be that hey needed details and if you didn't supply information then they revert to the BR code. As I say you need to contact them to find out why it's happened.
thanks guys!!
i received two letters from tax office in space of 3 weeks saying i need a tax code so Reed can work out how much tax to take off, does this mean some how they dont know my tax code? i've been with reed for over 3 years!!! although changed role last November, but because im still working for the same company (just different location and role) surely nothing should have changed? must be an error at the tax office?
i received two letters from tax office in space of 3 weeks saying i need a tax code so Reed can work out how much tax to take off, does this mean some how they dont know my tax code? i've been with reed for over 3 years!!! although changed role last November, but because im still working for the same company (just different location and role) surely nothing should have changed? must be an error at the tax office?
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