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14th March 2016, 18:06 | #1 |
Moderator / RS North East
MG ZT T 180,MGF Freestyle, Jaguar XKR Convertible and XF Join Date: Jan 2008
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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 |
14th March 2016, 18:09 | #2 |
This is my second home
MG ZT-T 190 Join Date: Jun 2009
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Have you had a change of job or employer recently? Sounds like it's an emergency tax code.
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14th March 2016, 18:12 | #3 | |
Moderator / RS North East
MG ZT T 180,MGF Freestyle, Jaguar XKR Convertible and XF Join Date: Jan 2008
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Quote:
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 |
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14th March 2016, 18:19 | #4 |
Posted a thing or two
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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)
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14th March 2016, 18:23 | #5 |
This is my second home
MG ZT-T 190 Join Date: Jun 2009
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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.
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14th March 2016, 18:25 | #6 |
Moderator / RS North East
MG ZT T 180,MGF Freestyle, Jaguar XKR Convertible and XF Join Date: Jan 2008
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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 |
14th March 2016, 18:44 | #7 |
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
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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
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14th March 2016, 19:17 | #8 |
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rover75 cdti AUTO TOURER 160 bhp. Join Date: Jul 2010
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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 |
This is my second home
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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 |
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Rover 75 CDT Connie Tourer Join Date: Oct 2015
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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.
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