PAYE coding notices
Over the next few months HMRC will be sending out new PAYE tax codes for the 2014/15 tax year.
HMRC are advising that some individuals may receive more than one coding especially if they have:
• two or more employments at the same time
• income from two or more pensions
• pension income and employment income.
HMRC may send a PAYE coding notice for each job or pension and the new tax codes will be used from 6 April 2014.
Those individuals with more straightforward affairs may not receive a coding notice and their tax codes will be automatically updated, generally to reflect the increase in the personal allowance from the current £9,440 to £10,000.
If you are unsure whether your coding notice is correct and would like some further guidance please do get in touch with our Payroll Manager Kerrie Lucas on 02476 518 555.