New Posts For Thread: tax code for 2010-2011https://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011just got mine....BR basic rate..20%on all earnings .no allowance.wtf is all that about.Butterfly CollectorI'm in a similar position mate. According to my latest self-assessment I'm owed about £1.5k due to overpayments. I have previously been in employed positions and have never received a penny back. Coincidence?https://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914582#418914582Butterfly CollectorI'm in a similar position mate. According to my latest self-assessment I'm owed about £1.5k due to overpayments. I have previously been in employed positions and have never received a penny back. Coincidence?Wed, 27 Jan 2010 09:56:56 -0600Got mine last week, they still seem to think i work for a Company i left in March 2009.Whats the use of a P45, Pr!ckshttps://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914378#418914378Got mine last week, they still seem to think i work for a Company i left in March 2009.Whats the use of a P45, Pr!cksWed, 27 Jan 2010 06:58:55 -0600i was on the wrong code for a couple of years and got a very tasty rebate :)well worth checking esp if you have two jobs or went from self employed to paye.https://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914358#418914358i was on the wrong code for a couple of years and got a very tasty rebate :)well worth checking esp if you have two jobs or went from self employed to paye.Tue, 26 Jan 2010 12:06:33 -0600ive worked for 25 years since i left school and always assumed the tax codes ive been sent have been correct.for last 2 years ive had to do self assessment and got back about £2500 as apparently ive overpaid tax in these two years.i said to hmrc whahttps://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914354#418914354ive worked for 25 years since i left school and always assumed the tax codes ive been sent have been correct.for last 2 years ive had to do self assessment and got back about £2500 as apparently ive overpaid tax in these two years.i said to hmrc whaTue, 26 Jan 2010 12:05:10 -0600In a few cases the Revenue computer system has removed the personal allowance on the assumption that the person's income will be higher than £100,000. Earners above this level will lose their personal allowance this coming tax year, in a measure firhttps://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914350#418914350In a few cases the Revenue computer system has removed the personal allowance on the assumption that the person's income will be higher than £100,000. Earners above this level will lose their personal allowance this coming tax year, in a measure firTue, 26 Jan 2010 12:00:37 -0600Tax code errors could cost a 'huge number of people' over £1,000 a year, financial group warnsBy Becky BarrowLast updated at 7:42 AM on 26th January 2010Hundreds of thousands of workers could pay £1,300 too much tax next year due to a major Revenuehttps://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914346#418914346Tax code errors could cost a 'huge number of people' over £1,000 a year, financial group warnsBy Becky BarrowLast updated at 7:42 AM on 26th January 2010Hundreds of thousands of workers could pay £1,300 too much tax next year due to a major RevenueTue, 26 Jan 2010 11:14:39 -0600Seems unlikely that you underpaid the exact amount of 20% the next tax years personal allowance. Suggests a mistake, as this is the code that is also used as an emergency measure when an individuals true tax code is as yet unconfirmed.https://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914342#418914342Seems unlikely that you underpaid the exact amount of 20% the next tax years personal allowance. Suggests a mistake, as this is the code that is also used as an emergency measure when an individuals true tax code is as yet unconfirmed.Tue, 26 Jan 2010 11:13:24 -0600leazes67 that is not possible unless you underpaid sh1tloadshttps://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914338#418914338leazes67 that is not possible unless you underpaid sh1tloadsTue, 26 Jan 2010 11:05:06 -0600TMF...i used to have tax code 647l, so paid tax on every thing over £6,470. now its 20% on all earnings.https://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914334#418914334TMF...i used to have tax code 647l, so paid tax on every thing over £6,470. now its 20% on all earnings.Tue, 26 Jan 2010 11:03:42 -0600that should say of the taxable income after you deduct your personal allowancehttps://community.betfair.com/chit_chat/go/thread/view/94038/23456614/tax-code-for-2010-2011?post_id=418914330#418914330that should say of the taxable income after you deduct your personal allowanceTue, 26 Jan 2010 11:00:42 -0600