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Posted Mon, 29 Apr 2024 11:59:53 GMT by Marcelo BP
I have a annual bonus paid every year on May 1st. Last year it was a 8% bonus over my annual income. I have paid the taxes for those bonus as it is handle by my company. However, the month after, my tax code has changed and I paid more tax as it was considered that my income increased. How can I prevent it to happen this year? Thanks
Posted Wed, 08 May 2024 11:40:10 GMT by HMRC Admin 10
Hi
Depending on your overall income, updating your code with a more accurate estimate of your expected income for the year may help.
To help us update your record with this estimate, contact us by webchat or phone via Income Tax: general enquiries

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