6th October 2008, 12:10 PM
I too am in this situation and what I have received from C&E is a revised tax coding that is about £200 less than it was at the outset of this tax year.
Which means that I will have to pay pack any difference between the tax I have paid (through PAYE) at the old code, and the tax I owe as a result of the new lower allowance. As I am not working at the moment I haven't seen how this will work in practice, but I imagine it means that my first pay packet when I start work again will be a little low (perhaps even non-existent).
If I don't work again before the end of this tax year, I guess the new lower tax code will have a bearing when I send in my tax form and if I haven't paid enough, C&E will want to see a payment winging its way from me to them ASAP.
And no I aint happy about it.....I am considering suing the archaeological jobs website which posted an advert saying that the accomodation that went with this job would be free of charge!!
Which means that I will have to pay pack any difference between the tax I have paid (through PAYE) at the old code, and the tax I owe as a result of the new lower allowance. As I am not working at the moment I haven't seen how this will work in practice, but I imagine it means that my first pay packet when I start work again will be a little low (perhaps even non-existent).
If I don't work again before the end of this tax year, I guess the new lower tax code will have a bearing when I send in my tax form and if I haven't paid enough, C&E will want to see a payment winging its way from me to them ASAP.
And no I aint happy about it.....I am considering suing the archaeological jobs website which posted an advert saying that the accomodation that went with this job would be free of charge!!