shell is on £15517 a year before tax, she has been looking at her pay slip's and its saying she is on a 647L tax code, is this right?

yeh that sounds the same as mine i think. the tax office people are actually not that difficult or useless, quick call is your answer. mine was wrong an old job hadnt issued the p45 and i was having my main job taxed as a second income ended up getting a grand back

Hi Allan,

 

That's spot on mate - everyone starts with a personal "tax free" earnings allowance of £6,475 per annum; which equates to a tax code of 647.

 

Richard:sorcerer:

cheers people, she has worked there for a few years now, think she was hoping for some cash back lol

 

told her its the correct code but she wouldnt have it, her mate on the internet says it was wrong so it must have been lol

Don't want to hijack All's thread but I thought the new threshold was 10K ? Or am I being naive?

Don't want to hijack All's thread but I thought the new threshold was 10K ? Or am I being naive?

 

Not yet mate.....

 

http://www.hmrc.gov.uk/incometax/personal-allow.htm

 

Richard:cool3:

Not yet mate.....

 

http://www.hmrc.gov.uk/incometax/personal-allow.htm

 

Richard:cool3:

 

cheers for that bud :sailor:

http://www.direct.gov.uk/en/Nl1/Newsroom/PreBudgetReport2009/DG_183037

 

sooo easy to find if you can be bothered!

the whole minute it took me and someone else found it, just goes to show it is easy to find out LOL

:whistling::whistling:if its on the internet it must be true....:whistling:

its easy if you know what ya talking about, i havent a clue when it comes to this sort of stuff

the whole minute it took me and someone else found it, just goes to show it is easy to find out LOL

 

:whistling::whistling:if its on the internet it must be true....:whistling:

 

LOL - I am an accountant (although no longer in practice) so I guess I cheated a bit!!!

 

Richard:biggrin:

shell is on £15517 a year before tax, she has been looking at her pay slip's and its saying she is on a 647L tax code, is this right?

 

 

From the revenu`s own web site

An emergency tax code is a code that your employer or pension provider uses on a special basis until HMRC has enough information about your income to enable HMRC to send them (and you) your correct code. It normally makes sure that you get the basic Personal Allowance (and therefore some tax-free pay) but doesn't take into account any other allowances or reliefs you may be entitled to. Your employer or pension provider will normally keep using it until HMRC tells them what your correct tax code should be.

 

The emergency tax code is set each year and is a number followed by the letter L. The number is the basic Personal Allowance (£6,475 for the tax 2010-11) divided by 10. The emergency code for 2010-11 is therefore 647L.

 

Depending on how it's worked out, you might also see '647L W1' or '647L M1' (meaning 'Week 1' or 'Month 1' - whereby you get a proportion of the Personal Allowance over the remainder of the tax year).

 

647L also happens to be the tax code you’ll get if you are entitled to just the basic Personal Allowance but in this case it is not an emergency code and you will receive the right amount of tax-free pay. See the section ‘When you might be put on an emergency tax code’ to help you decide whether the emergency tax code might apply to you.

 

 

see here

http://www.hmrc.gov.uk/incometax/emergency-code.htm

 

 

Jeff TT

From the revenu`s own web site

An emergency tax code is a code that your employer or pension provider uses on a special basis until HMRC has enough information about your income to enable HMRC to send them (and you) your correct code. It normally makes sure that you get the basic Personal Allowance (and therefore some tax-free pay) but doesn't take into account any other allowances or reliefs you may be entitled to. Your employer or pension provider will normally keep using it until HMRC tells them what your correct tax code should be.

 

The emergency tax code is set each year and is a number followed by the letter L. The number is the basic Personal Allowance (£6,475 for the tax 2010-11) divided by 10. The emergency code for 2010-11 is therefore 647L.

 

Depending on how it's worked out, you might also see '647L W1' or '647L M1' (meaning 'Week 1' or 'Month 1' - whereby you get a proportion of the Personal Allowance over the remainder of the tax year).

 

647L also happens to be the tax code you’ll get if you are entitled to just the basic Personal Allowance but in this case it is not an emergency code and you will receive the right amount of tax-free pay. See the section ‘When you might be put on an emergency tax code’ to help you decide whether the emergency tax code might apply to you.

 

 

see here

http://www.hmrc.gov.uk/incometax/emergency-code.htm

 

 

Jeff TT

 

cheers jeff

 

after reading this i have realised that either i still don't get it or i'm just retarded :confused1:

Jeez that's naff. Single person tax code here is £9,300 before any extra allowances for loans or mortgage etc.

Then it's a whole 10% we pay tax up to i think 45K earnings then it's 18%

smithy

Jeez that's naff. Single person tax code here is £9,300 before any extra allowances for loans or mortgage etc.

Then it's a whole 10% we pay tax up to i think 45K earnings then it's 18%

smithy

 

Thats why rich people live on the Isle of Man!!!:lol:

ive read all that and still dont have a clue, ive never been good at math's lol