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PAYE tax codes about to be issued

HMRC have advised that they are about to issue PAYE tax codes to employees for the 2008/09 tax year.

If you receive a coding notice it is worthwhile letting us have a copy for checking if you have any concerns. Employees who have the use of a company car may find they are worse off in the new tax year due to an increase in the percentage, linked to the car’s CO2 emissions, applied to the list price of the car. 

HMRC’s guidance on PAYE tax codes includes some frequently asked questions and can be found at the link below.

Internet link: HMRC coding notice guidance

To find out more about how we can help you, please contact Simon Coles & Co, London Chartered Accountants.