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Where Taxpayers and Advisers Meet

Tax Code 1185L To K code

chimpy666
Posts:1
Joined:Mon Oct 29, 2018 3:24 pm
Tax Code 1185L To K code

Postby chimpy666 » Mon Oct 29, 2018 3:54 pm

Hello All

I have recently swapped being a contractor (not earning 100k) under IR35 to a permanent member of staff, HMRC have sent me a letter informing me of my new tax code, K1036X from 1185L.

I was with an agency and they taxed me from source under IR35

I have been told owe 835.60 in tax I owe and I have no tax allowance,

should I give them a call and work this out, as my accountant filled and filed all my personal tax 2/3 weeks ago, so would it be that they have not adjusted it?

bit confused.

robbob
Posts:3228
Joined:Wed Aug 06, 2008 4:01 pm

Re: Tax Code 1185L To K code

Postby robbob » Mon Oct 29, 2018 5:56 pm

I would start by ringing hmrc and going through the "estimated" income amounts for this tax year - i am guessing the have simply added the new source on at an excessive annual amount or presumed the other sources will continue to be active. I would recommend checking all entries in the code to ensure there is no funnies.


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