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 Tax Credit Overpayments
 The taxman's mistakes
 Big changes in HMRC PAYE computer on the horizon
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jess
Admin


United Kingdom
51 Posts

Posted - 23/07/2008 :  20:58:36  Show Profile Send jess a Private Message
Uh oh!

"Update your PAYE code now
Big changes in the HMRC PAYE computer are on the horizon. The information for around 30 million employees currently held on a number of regional computers is due to be transferred to a single national database in October 2008. HMRC estimates that the transfer will take a few weeks – and during that period it will not be possible to make changes to PAYE records.

If you think your tax code is incorrect it would be well worth checking it now and asking HMRC to change it if necessary. If you wait until October you could find that in addition to the transfer period there is a backlog of changes to make and you may stay on an incorrect code for longer.

There is another reason to look at your code now. It is possible that HMRC will recognise some incorrect codes while transferring the data – this is probably more likely to mean tax bills than refunds. Having the details on one computer should make it easier for HMRC to check if people who have more than one employment are mistakenly getting the tax free personal allowances more than once. It may be better to identify the position yourself rather than face an unexpected bill.

If you are under 65 and have one job your code for 2008/09 should be 543L. If you have more than one job, then the main job should usually have a code of 543L; the other jobs should have a BR code (basic rate = 20% tax). Codes which need particular checking are:
o Codes with a week 1 or month 1 marker eg 543L M1
o Code which have a letter ‘K’
o Codes which do not have the standard number – 543 for those under 65;

Codes for people who work and are in receipt of a state pension or a taxable state benefit can be complex. There is some guidance on these issues on the HM Revenue and Customs website at You must be logged in to see this link. "


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The TaxAid website is very useful with a good section on tax credits aimed at both claimants and advisors. I'll post more info about TaxAid in the 3rd Sector thread.

Jess

All Human Beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood.
No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, not to attacks upon his honor and reputation. Everyone has the right to protection of the law against such interference or attacks

Articles 1 and 12 Universal Declaration of Human Rights 1948.

Edited by - jess on 23/07/2008 21:00:37

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auntieh
Rank; Really should become a politician



United Kingdom
625 Posts

Posted - 23/07/2008 :  21:44:56  Show Profile Send auntieh a Private Message
Thank you Jess that's useful to know. Guess we can now all look forward to having our PAYE mucked up too. Happy Days!!

Auntie

"You can dress a pig in a suit but you can't stop it grunting"
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Ali M-W
Mod



3558 Posts

Posted - 24/07/2008 :  08:08:37  Show Profile Send Ali M-W a Private Message
Believe me, they are mucking my partner's tax code up every time she's paid!

Trinity: The answer is out there… and it's looking for you, and it will find you if you want it to.
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Alan the Geordie
Admin



3032 Posts

Posted - 26/07/2008 :  19:45:17  Show Profile Send Alan the Geordie a Private Message
>>All Human Beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood.
No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, not to attacks upon his honor and reputation. Everyone has the right to protection of the law against such interference or attacks

Articles 1 and 12 Universal Declaration of Human Rights 1948.<<

Aye, very interesting, but that was before Nu Labour got their hands on our lives.

"Dave Anderson (Labour) MP for Blaydon for Prime Minister!!"
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