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T O P I C R E V I E W
Longman
Posted - 19 February 2009 : 20:51:17 TAXing Question!
Hi everyone.... I have had my tax coding for the coming year there's an adjustment of £338 for uncollected tax. Can I include this as a creditor and have a standard tax code? Also, have read about Nil Tax coding, but its all a bit complicated. can anyone explain in English please?!
many thanks
1 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 19 February 2009 : 21:23:08 Hi
the NT tax code applies for the duration of the current financial year that you petition in.
so if you petitioned for Br in October 2008 your tax code would be changed to NT until March 2009. You would be paid the tax into your salary and the OR would have an agent collect this to go towards the costs of administering your Br.
If you go Br now there is not sufficient time to have your tax code changed before the end of the financial year.
If you owe back tax then this should be included in your Br
