CODING OUT TAX UNDERPAYMENTS TO £3,000


If you have tax to pay between £2,000 to £3,000, the latter is the new limit for having the tax collected by reducing your 2012/13 Code Number as an employee, rather than paying it all in one go by 31 January 2012.

I have now been told that the £3,000 limit can apply even though the 2010/11 tax return suggests that £2,000 is still the limit. To take advantage I have to advise HMRC on your behalf by 30 December 2011 and I will make sure we do just that, unless you prefer to pay the tax in one go.

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