27-10-2014, 08:26 PM
Need some help here all!
Basically, over the past two years i was underpaying tax which turned out i owed them £1900 extra. They kindly decided they would take this from my tax code over the 2014/2015 year leaving me with a tax code of 80L this year. This was based on the £1900 divided over 12 months based on my basic wage. We are now in the 7th month of this tax year and I've already exceeded my basic wage and technically paid off the £1900 i owe them.
My question. Will my tax code change next month up to what it should be (600L ish) or will i continue paying at the rate of 80L till next April and if so, will i get a nice big cheque for the extra money i have paid them?
Cheers all
Basically, over the past two years i was underpaying tax which turned out i owed them £1900 extra. They kindly decided they would take this from my tax code over the 2014/2015 year leaving me with a tax code of 80L this year. This was based on the £1900 divided over 12 months based on my basic wage. We are now in the 7th month of this tax year and I've already exceeded my basic wage and technically paid off the £1900 i owe them.
My question. Will my tax code change next month up to what it should be (600L ish) or will i continue paying at the rate of 80L till next April and if so, will i get a nice big cheque for the extra money i have paid them?
Cheers all
Team Eaton
1999 China Blue 306 GTi6 - Eaton Supercharged - 214.5bhp 181lbft
1999 China Blue 306 GTi6 - Eaton Supercharged - 214.5bhp 181lbft