Phil
Joined: 3/3/2024
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RE: annual bonus tax implications
I’m getting a bonus next month that takes me over the 40 percent tax threshold. Is there a way to inform HMRC of my bonus so I don’t get over taxed in that month and then it returned in the next month? I would like to receive my whole bonus in one month. I.e. tell the paye system that this is not my normal wage per month