tax code changed from 647L to OT ??
Posted: Mon Feb 15, 2010 9:17 am
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.
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.