In an attempt to get ahead of the curve, I decided to get my wife's self assessment ready and got a bit of a shock, it's massive (comparatively). Given our circumstances haven't changed (I say "our" as she is a 50% shareholder in my LTD company and takes the same directors remuneration and dividends as myself) I'm struggling to work out why she ended up on a K16 tax code and I didn't.
I've done a bit of digging and it seems HMRC have been handing out "K" codes like sweets of late, plenty of complaints of people being put onto the wrong code, specifically these "K" codes (which I'd never heard of until now).
Of course HMRC is too busy to speak to her right now, so I've submitted an "update" via the website (more of a rant than an update because as far as I'm concerned, the code is just wrong).
I wondered if anybody else had been in such a situation or if anybody knew of a reason why my wife might have been put on a "K" tax code and not myself.
I've done a bit of digging and it seems HMRC have been handing out "K" codes like sweets of late, plenty of complaints of people being put onto the wrong code, specifically these "K" codes (which I'd never heard of until now).
Of course HMRC is too busy to speak to her right now, so I've submitted an "update" via the website (more of a rant than an update because as far as I'm concerned, the code is just wrong).
I wondered if anybody else had been in such a situation or if anybody knew of a reason why my wife might have been put on a "K" tax code and not myself.
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