Hello. I have a K tax code and the amount (ie the number after the K) increases each year. My company pays a low salary and dividends and I don't have any other income.
My accountant says I can ignore it because HMRC is just trying to collect more tax throughout the year instead of twice a year. They say that all that matters is the income declared on my self assessment.
Has anyone ever had a K tax code and called HMRC to "fix it"? What would I say to them?
Thanks.
My accountant says I can ignore it because HMRC is just trying to collect more tax throughout the year instead of twice a year. They say that all that matters is the income declared on my self assessment.
Has anyone ever had a K tax code and called HMRC to "fix it"? What would I say to them?
Thanks.
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