New Tax Code for a New Tax Year - 1000L (2014-2015) (1 Viewer)

BetterTAX

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HMRC are in the middle of issuing new tax codes to reflect the new personal allowances and tax bands.

You may either get a letter direct or you may get it via your employer.

From 6th April 2014 the new basic rate code (and emergency code) will be 1000L. This means you can earn £10000 before having to pay tax.

If your code is anything other than that (it should be 944L at the moment) you may want to look into why its different. What you don't want to do is ignore it and either end up paying too much tax or worse, too little tax that HMRC then come a looking for.
 
I have Rosie am I right in thinking I'll get it all back in April?

---------- Post added at 06:47 PM ---------- Previous post was at 06:46 PM ----------

Lost phone...... Can't ring him lol first time this year ;)
 
You only get back what you are due back, so it really depends on what you have earnt/ spent... but your mate will tell you that ;)
 
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