Update your tax code – what to do if your tax code is incorrect

The tax code is fundamental to the operation of PAYE. It indicates how much ‘free pay’ an employee is able to receive each time they are paid and, depending on the code, the rate at which tax should be deducted. HMRC operate a system of dynamic coding whereby they update your tax code during the …

Update your tax code – what to do if your tax code is incorrect Read More »