"Receiving any kind of benefit can also alter your tax code, such as the state pension ." Guidance on the Government website warns that HMRC "may update your tax code" if you receive a taxable state ...
You can find out your current tax code by accessing your personal tax account on the Government website or via the HMRC app. You can also find it on a recent payslip or on a tax code notice letter ...
This includes untaxed interest and part-time savings, plus the value of benefits like a company car. According to the Government, the most frequent code for people with one job or a pension is '1257L' ...
The tax office has been sending out new tax codes to people who have exceeded certain thresholds, such as the Personal Allowance for savings interest or one of the income tax brackets ...
The tax arm has explained when to contact them if you have a question about the High Income Child Benefit Charge.
The new tax year may be well underway, but HMRC is still issuing new tax codes to individuals as it adjusts to changes in ...
A state pensioner has sparked a warning from HMRC over claiming the state pension AND Carer's Allowance from the Department for Work and Pensions, or DWP. The retiree reached out to HMRC via social ...
The financial year started on April 6 and every year, when the tax year resets, HMRC issues new tax codes to those who have breached certain thresholds, such as the Personal Allowance for savings inte ...
HMRC works out each person's code based on their 'tax-free Personal Allowance and income you have not paid tax on' ...
HM Treasury has released a major update on income tax following calls from thousands for changes to existing rules. The statement addresses a petition demanding that the standard personal allowance be ...
State pensioners have been encouraged to check they are on the right tax code. It's crucial to make sure you are on the correct tax code or you could end up paying an incorrect amount of tax.