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T O P I C R E V I E W
endisnigh
Posted - 28 January 2010 : 18:28:24 can somebody explain the nil tax code after BR what is this alll about?? x
3 L A T E S T R E P L I E S (Newest First)
gettingoutofdebt
Posted - 28 January 2010 : 18:48:36 The new tax year starts on the 6th April so if you declare BR before then you will not have a Nil Tax Code.
endisnigh
Posted - 28 January 2010 : 18:44:45 I am desperatly trying to save up BR money and I am planning for March time im fed up of being scared. Will the tax code be nothing i have to do then?? x
Richard P
Posted - 28 January 2010 : 18:40:02 Hi Endisnigh
a nil tax code is allocated to BR people in the financial year that they go BR.
The money that you should have paid as tax is collected by a company called moon beaver, who pay it to the official receiver.
it is likely that this late in the year you may not get a Nil tax code as moonbeaver are struggling under the amount of work.
Further if you are on a lower wage, they may not even chase you, my wife was on an income of 8K, she went Br 6 months ago and they have not made any contact
