morning all -
my husband's tax code was changed from 647L to OT for the tax year 2010-11 - received letter from Inland Revenue recently
he is PAYE and has only one job
spoke to accountant and he says that as my husband earns £105k basic salary - the tax office is changing his tax code probably to account for the fact that he may earn more than £150k and hence not entitled for the personal allowance as announced in the recent budget??
is that correct?
thanks in advance.