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Tax Tips & News

Is your Tax Code Suddenly Beyond Understanding?

This is because HMRC have introduce something called “In Year Adjustments” where they attempt to collect tax you might have paid through Self-Assessment.   It probably is something that is unpredictable by you and certainly by HMRC but they will have a go at estimating and taxing it.   I think dividends and pension income are are key targets.

These code change can be CHALLENGED and CORRECTED.  If you are concerned about your code please get in touch.

I have had 3 cases of this in the last month, all easily dealt with.

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