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PAYE Tax Codes For 2012-13

29 - 03 - 2012

HMRC has been sending out new tax codes to individuals for the 2012/13 tax year since January 2012.

Not everyone receives a tax code notice so do not be alarmed if you don’t receive one.

The P9(X) 2012 advises employers that if a form P6 is not received:

Any tax codes ending in an “L” should have 63 added to them.
No Week 1 or Month 1 should be carried over to the new tax year.
All other tax codes should be carried over.

For 2012/13 the basic income tax personal allowance will be £8,105 and the basic rate limit will be £34,370.

Want more information on understanding your tax code?

Click here for Foremans (UK) Ltd’s Free Guide to Understanding Your Tax Code or you can contact us on 01244 625 500.