HMRC have issued a warning to the majority of tax payers who pay their tax through PAYE, due to weakness in their system it is more likely than ever your tax code could be wrong.
In our experience the most common and best avoided problem with PAYE is operation of incorrect tax codes and you should be alert to this very topical trouble.
Tax codes are the keystone of the PAYE system. Your tax code ultimately determines how much tax you will pay. The accuracy of your tax code depends on HMRC being supplied with correct information on a timely basis and the taxman processing it correctly.
Best advice is to check your tax code carefully and get it changed if it is wrong or your circumstances have changed.
We can help make tax less taxing, if you would discuss how we may help you please contact us
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