Alan Chan
Joined: 6/27/2024
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PAYE Change Tax Code and Tax Deduction Increase
Hi, My annual salary increase from May and found that my tax code changed from 1257L to K683X, the Tax Deduction amount increase a lot Check HMRC that there is an Other Earnings items in PAYE section, however, I submitted the Other Earnings in Self Assessment section for 2023-2024, is it correct include in PAYE? To me looks like double charge for PAYE and Self Assessment tax payment? It also found that HMRC estimate I have underpaid tax around £300, but the Tax Deduction amount increase more £500, I dont know how to calculate this, does this amount will still charge the same amount in future? Thanks in advance