Tag: Tax Code

Check your tax code
Articles

Check your tax code – And what to do if it is wrong

The tax code also indicates whether a taxpayer is a Scottish or a Welsh taxpayer, and whether they should be taxed at the Scottish and Welsh rates of tax, as appropriate. Scottish taxpayers’ codes have an ‘S’ prefix, while Welsh taxpayers’ codes have a ‘C’ prefix.

Flipping Private Residence Relief
HMRC

Flipping Private Residence Relief

Where a property has been let, making it the main residence for a period also opens up the opportunity of letting relief to further reduce the gain. The period as a main residence can be after the period of letting.

Tax code changes for 2018-19
HMRC

Tax code changes for 2018-19

Tax underpayments or the tax due on benefits in kind may be collected through the PAYE system. The tax code is based on the net amount of the allowances less deductions.