OK, perhaps better known as a code that identifies the rate of tax you end up paying!!!!!! but still no excuse for the funny goings on with the UK Tax office.They can manipulate this code rating as and when they choose that is what is alleged, when it was explained to me.
http://www.hmrc.gov.uk/incometax/codes-basics.htm#1
Just saddened , OK , rules are made to be broken as MP's have proven, but who is on the side of us little guy's especially if you cant afford a wizzy accountant?
Ah, tax codes. Yes, I do know about them. But as that HMRC link says, milkeybar, the higher your tax code, the less tax you pay: so having your code put up from 72 to 2000 would be good news (though rather unlikely). Are you sure you got the details right? Citroen H - State of the Ark Motoring
Those numbers were correct (perhaps its end numbers)also I recall we were discussing self employment and contracting out. I must have written them back to front - sorry.How it was put over to me was that these codes/rates are being wrongly assessed time and time again - as to be only advantageous to the government. Just checked my diary of whilst we were in UK - wrote it all down including numbers ! over excitement , all too much!
25/06/2009, 20:06
