This is a Public Service Announcement asking you to please check your tax code

Please check your tax code

A standard tax code in the UK is 1257L. 

If this is not the code used on your latest payslip, if you do not know why, you need to be finding out. 

You could be left facing a big tax bill at the end of the year!

HMRC can change codes throughout the year. Each time they do, you should be checking these for any errors. Such as too many allowances. Or taxed as a basic rate tax payer when  you pay higher rate tax. 

If you have multiple income streams, is the correct code applied to your main source of income? 

You can check your PAYE tax code and update your tax code through the HMRC App here; https://www.gov.uk/guidance/download-the-hmrc-app

Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published