Tax Man is a modern day highway man

Fusilier · 14th March 2016, 18:06

Just got a letter from the tax office telling me that next year my tax code is 27L, meaning I can earn £273 before I start paying tax, I am not self employed and earning millions of pounds, although I do get a decent wage and my military pension.I though that the tax free allowance for 2016/17 was 1100L, meaning that I don't pay tax on the first £11000 earned, but I think that they think I am loaded and have millions

Will be calling them tomorrow and giving them WTF are you doing.

I am absolute fuming

topman · 14th March 2016, 18:09

Have you had a change of job or employer recently? Sounds like it's an emergency tax code.

Fusilier · 14th March 2016, 18:12

Quote:

Originally Posted by topman

Have you had a change of job or employer recently? Sounds like it's an emergency tax code.

No, I have been at place of work for 17 years, and last year paid over £10k in tax and £4k in NI contributions, so how can my tax code by so low this year

I wonder if they want me to work, and pay all my wages in tax so that can make so many mistakes, and then not be answerable. I have looked on the web and found a calculator for tax, and they have definitely made a massive error

Stu

Polly · 14th March 2016, 18:19

I think they sometimes issue those stupid codes so that you will complete a tax return and so keep them up to date, (and in work)

topman · 14th March 2016, 18:23

I can't think who could be on a tax code like that? Maybe it's a genuine mistake these things do happen. Give them a ring, they've always been okay with me and paye issues.

Fusilier · 14th March 2016, 18:25

Thanks to all, calmed down a bit, problem is I have a wage and a pension, so hopefully get it sorted tomorrow, will get into work early and call them

stu

ceedy · 14th March 2016, 18:44

All bar 663 quids of my allowance is lost from having my State Pension, then I get the 663 quids allowance to spread on my BAE Pension and my 2 other small private ones

..and my part time job .

Hopefully will get another 1060 or so transferred from My wifes allowance

.

Might have been tax free then , but getting walloped a bit now innit!!

C

FLYER · 14th March 2016, 19:17

Been self employed for 35 years .

Paid my taxes for 30 of those years but not a coin for the last five as my income fell like a stone .

With an allowance of Just over 10K i wont ever pay tax again.

Considering what this waste of a space government do with our taxes i am very happy with my situation.

rich17865 · 14th March 2016, 19:39

My tax coding notice came recently too, I too had the £11,000 tax free code, now I have £8730.

Apparently i lose the rest because of directors dividend tax, never taken a dividend, dont get it.

freck · 14th March 2016, 19:47

I'd hardly say that the taxman is a modern day highwayman, they've been fleecing the masses for many many years and will continue to do so.

just part of life unfortunately.
As the saying goes, you're born, you pay taxes then you die!

It's always worth keeping an eye on your tax code and contributions though as they get things wrong on an alarmingly regular basis.

14th March 2016, 18:06	#1
Fusilier Moderator / RS North East MG ZT T 180,MGF Freestyle, Jaguar XKR Convertible and XF Join Date: Jan 2008 Location: Newton Aycliffe Posts: 6,397 Thanks: 1,329 Thanked 2,231 Times in 1,309 Posts	Tax Man is a modern day highway man Just got a letter from the tax office telling me that next year my tax code is 27L, meaning I can earn £273 before I start paying tax, I am not self employed and earning millions of pounds, although I do get a decent wage and my military pension.I though that the tax free allowance for 2016/17 was 1100L, meaning that I don't pay tax on the first £11000 earned, but I think that they think I am loaded and have millions Will be calling them tomorrow and giving them WTF are you doing. I am absolute fuming __________________ # Project Gruple http://www.the75andztclub.co.uk/foru...d.php?t=213155

14th March 2016, 18:09	#2
topman This is my second home MG ZT-T 190 Join Date: Jun 2009 Location: Lincolnshire Posts: 5,493 Thanks: 372 Thanked 647 Times in 534 Posts	Have you had a change of job or employer recently? Sounds like it's an emergency tax code. __________________ Like being creative? http://www.qwghlm.co.uk/toys/dailymail/

14th March 2016, 18:23	#5
topman This is my second home MG ZT-T 190 Join Date: Jun 2009 Location: Lincolnshire Posts: 5,493 Thanks: 372 Thanked 647 Times in 534 Posts	I can't think who could be on a tax code like that? Maybe it's a genuine mistake these things do happen. Give them a ring, they've always been okay with me and paye issues. __________________ Like being creative? http://www.qwghlm.co.uk/toys/dailymail/

14th March 2016, 18:25	#6
Fusilier Moderator / RS North East MG ZT T 180,MGF Freestyle, Jaguar XKR Convertible and XF Join Date: Jan 2008 Location: Newton Aycliffe Posts: 6,397 Thanks: 1,329 Thanked 2,231 Times in 1,309 Posts	Thanks to all, calmed down a bit, problem is I have a wage and a pension, so hopefully get it sorted tomorrow, will get into work early and call them stu __________________ # Project Gruple http://www.the75andztclub.co.uk/foru...d.php?t=213155

14th March 2016, 18:44	#7
ceedy This is my second home All Trophy Blue ,ZT260#50 , ZT CDTI Auto, ZR105+ and 1.8T Firefrost spoiling the Set . Join Date: Nov 2006 Location: Nr Sherborne But in Somerset.. Posts: 6,077 Thanks: 916 Thanked 1,214 Times in 768 Posts	All bar 663 quids of my allowance is lost from having my State Pension, then I get the 663 quids allowance to spread on my BAE Pension and my 2 other small private ones ..and my part time job . Hopefully will get another 1060 or so transferred from My wifes allowance . Might have been tax free then , but getting walloped a bit now innit!! C __________________ The Three Bloo's Wifey's Zr105, MY CDTI & 260 #50 and Number One sons 1.8T in Firefrost When I were a lad Zero to 142 in 10.25 secs at the Pod on my Blown Norton. 210 Kart Champ in 70's

14th March 2016, 18:19	#4
Polly Posted a thing or two MG ZT 260 SE, ZS120, ZR105 Join Date: Mar 2014 Location: Peterhead Posts: 1,375 Thanks: 203 Thanked 350 Times in 241 Posts	I think they sometimes issue those stupid codes so that you will complete a tax return and so keep them up to date, (and in work)

14th March 2016, 19:17	#8
FLYER Banned rover75 cdti AUTO TOURER 160 bhp. Join Date: Jul 2010 Location: Glasgow Posts: 35,346 Thanks: 2,985 Thanked 3,685 Times in 2,463 Posts	Been self employed for 35 years . Paid my taxes for 30 of those years but not a coin for the last five as my income fell like a stone . With an allowance of Just over 10K i wont ever pay tax again. Considering what this waste of a space government do with our taxes i am very happy with my situation.

14th March 2016, 19:39	#9
rich17865 This is my second home Transit Connect Join Date: Feb 2011 Location: Crewe Posts: 9,532 Thanks: 868 Thanked 1,619 Times in 1,095 Posts	My tax coding notice came recently too, I too had the £11,000 tax free code, now I have £8730. Apparently i lose the rest because of directors dividend tax, never taken a dividend, dont get it.

14th March 2016, 19:47	#10
freck Posted a thing or two Rover 75 CDT Connie Tourer Join Date: Oct 2015 Location: Preston Posts: 1,051 Thanks: 142 Thanked 274 Times in 226 Posts	I'd hardly say that the taxman is a modern day highwayman, they've been fleecing the masses for many many years and will continue to do so. just part of life unfortunately. As the saying goes, you're born, you pay taxes then you die! It's always worth keeping an eye on your tax code and contributions though as they get things wrong on an alarmingly regular basis. __________________ Steve Teamwork makes the dream work! Mods planned - Cruise retrofit - Done, ZT front bumper - Done, 160 remap - Done...and probably one or two more This vehicle was the 15,751st 75 Tourer to run off the production line, out of 27,407 This vehicle was the 3,726th 75 Tourer CDT Connoisseur to be made out of 4,100 This vehicle was the 732nd 75 Tourer in Starlight Silver (code: MBB) to be made out of 4,100 Starlight Silver 75 Tourers