Tax Codes

[AndrewP]

£2 is correct if they pay tax at 20%. Not if they are a 40% payer. If they were on £104,000 there personal allowance would be reduced to 9850 and a code of 985L

Aye.

 

[JAZZMANB]

I'm on a K but I don't mind paying my way

 

[stephen cartwright]

Is it 1184 or 1185? The new tax alliwanca is £11850

Allowance, android phone.

Alliwanca

I type that and it autocorrects to allowance. What have you been searching for?

 

[Lefty Frizzell]

Can someone explain how tax codes work?

Basically I’ve been on “1000t” and they’re putting me onto “1184T”

What does this mean?!?

You've jumped 184 points in one go! Sounds like a pyramid scheme, if I were you I'd stop payments now and wait for it to collapse. Looks like you got in ahead of the game. Invest in gold/wine/property instead. This time next year you could be a 5000G

 

[Deleted User 11453]

Hmmmm it could be an emergency tax evasion code, I would pay your taxes immediately.

 

[Deleted member 40035]

So its codes now.