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February 2014

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.