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Your tax code is usually a letter followed by a series of numbers and is allocated to you by the Inland Revenue in order to determine the amount of tax that should get deducted from your income. Most people will have the same basic tax code but if yours is different then you will be sent a notice of coding by HMRC to tell you what your unique tax code will be.

You will usually be allocated a different tax code if you are receiving more than one income; for example if you had more than one job, you would be provided with a different code for one of these jobs, or if you receive a pension. HMRC will always inform you of a change of tax code or if you are going to have a different one by sending you a ‘notice of coding’ letter.

You must keep HMRC updated with any changes in your circumstances to be sure that you have the right tax code. If you have been supplied with the wrong tax code then it could result in you paying the wrong amount of tax.

If you would like any further information on tax codes, are not sure what your tax code is or think you may have been given the wrong one then please do not hesitate to phone or email us, or alternatively, you can simply use the live chat link available.

About The Author

Lee Murphy

MAAT and ICPA accountant, with a passion for making accountancy and bookkeeping accessible. Other interests include cloud-based software development for web and mobile access, keeping fit, reading, and entrepreneurship.

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