Hello,
I'm an employee of a company, and have been with the company on the same salary for two and a half years. My salary is £110k, and having filled out my self assessment, I've found myself with an underpayment of ~£4600 for the tax year 2016-17.
It appears that HMRC sent my employer a "K" tax code in March 2016, as they'd estimated that I should have no personal allowance. However, I was taxed on 1100T, resulting in this underpayment.
I've read various articles around this, but am not sure if it applies to my circumstances or if the articles are outdated. Am I liable for this tax, or would HMRC chase my company as it's their misapplication of the information sent to them?
Many thanks
Silo
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