Keep hearing about BR's having a zero tax code. Does this mean you have Zero free pay allowance, i.e pay tax on every penny? Obviously when filling in I & E's you give your net take home which would be completely wrong once a Zero code is applied.
It also means that the tax you do not pay directly to HMRC for the remainder of the tax year is captured by an Income Payments Order, so you will be no better off financially as a result.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
Zero tax code
Posted - 16 May 2008 : 16:52:12
