Our website uses cookies to store information on your computer. You may delete and block all cookies from this site, but parts of the site will not work as a result. Find out more about how we use cookies.
(Do not show this message again)
Shout99 - News matters for freelancers
Search Shout99 - News matters for freelancers
(Advanced Search)
   Join Shout99  About Shout99   Sitemap   Contact Shout99 17th Dec 2018
Forgot your password?
Shout99 - Freelancers, FO35, Section 660
New Users Click Here
Shout99 - Freelancers, FO35, Section 660
Shout99 - Freelancers, FO35, Section 660
Front Page
News...
Freelancers' Shop...
Ask an Expert...
Letters
Direct Contracts
Press Links
Question Time
The Clubhouse
Conference Hall...
News from Partners
Accountants

Login
Sitemap

Business Links

Shout99 - Freelancers, FO35, Section 660
  
Shout99 - Freelancers, FO35, Section 660

News for the
Construction Industry

Hardhatter.com - News for small businesses in the construction industry

Powered by
Powered by Novacaster
Month 1 Tax Code
by benkeylock at 11:18 18/10/17 (Ask-Legal-Accounting)
"Month 1" Tax Code set in October
So far, I have not worked through my PSC in tax year 17/18, have not drawn a salary (reflected in a series of "zero" RTI returns), and have no other sources of earned income.

I am about to start a new contract, through my PSC, and will start drawing a salary from October (month 7).

I have just completed my 16/17 self assessment. This showed a very small underpayment, <10, which has been added to my 17/18 tax code.

In issuing my new Tax Code HMRC have also put me on Wk1/Mnth1 status. This seems inequitable because I have 6 months worth of unused free pay for 17/18 from which I can not benefit whilst on Wk1/Mnth1. Presumably not until I complete my 17/18 return and claim a tax refund, sme time next year.

Is there anything that I can do, to rectify this sleight of hand by HMRC ?

benkeylock.

Printer Version
Mail this to a friend
 
Experts
Steve Greenwell - Qdos Consulting

Steve Greenwell
Qdos Consulting

Barry Roback - Privilege Accounts

Barry Roback
Privilege Accounts

Chris Caunce, Caunce O'Hara

Chris Caunce
Caunce O'Hara

Crawford Temple

Crawford Temple

Kate Cottrell - Bauer & Cottrell

Kate Cottrell
Bauer & Cottrell

Andy Vessey - Qdos Consulting

Andy Vessey
Qdos Consulting

Simon Sweetman - Sole Practitioner

Simon Sweetman
Sole practitioner

Rob Crossland - Parasol Group

Rob Crossland
Parasol Group

Also on the panel

Barry Hincks
Qdos Consulting

Roger Sinclair
Egos

Andrew Plaskow
Nyman Linden


Copyright 1999-2018, Shout99.com | All Rights Reserved
Privacy Notice and Terms of Use