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NEW TAX CODE & PERIOD
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sfox123
- Posts: 4
- Joined: 10 Dec 2011, 17:58
- Gender: Male
NEW TAX CODE & PERIOD
Has anyone noticed a difference in their net pay ? Noticed the tax code has changed to reflect the new 2013-2014 allowance, but it hardly seems to be reflected in the net pay. Noticed tax period of 53/2013 on wage slip which seems odd given there is only 52 weeks in year, thought this might have something to do with it, or has NI gone up ?
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P13
- Posts: 1016
- Joined: 11 Oct 2007, 14:35
- Gender: Male
Re: NEW TAX CODE & PERIOD
Some pay years have 53 weeks in them, your new allowances will be on next weeks pay
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sfox123
- Posts: 4
- Joined: 10 Dec 2011, 17:58
- Gender: Male
Re: NEW TAX CODE & PERIOD
OK, that makes some sense. I cancelled additional purchase of annual leave (poal) from this new tax year, and this has just taken effect on the latest pay slip (53/2013). I assumed this would happen at the same time as the tax allowance change though. Still can't fully get my head round why the new tax code is showing on the payslip though if it hasn't been applied . . . or is it skewed because "x" amount of tax has already been paid throughout the 53 week year ?
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arnold cheshire
- Posts: 5309
- Joined: 14 Oct 2010, 21:28
- Gender: Male
- Location: england
Re: NEW TAX CODE & PERIOD
why would they change the tax code on 2012-13 when it applies 2013 - 14 you would be owed tax back .?sfox123 wrote:Has anyone noticed a difference in their net pay ? Noticed the tax code has changed to reflect the new 2013-2014 allowance, but it hardly seems to be reflected in the net pay. Noticed tax period of 53/2013 on wage slip which seems odd given there is only 52 weeks in year, thought this might have something to do with it, or has NI gone up ?