• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Higher tax band if timesheets not approved on time

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Originally posted by petafin View Post
    Thanks all.

    The agency does have the correct tax code (though there is the W1 at the end, for the emergency one).

    They told me I was on the higher band because I received 4 weeks of salary as one payment. It was the first payment I receive as a new contractor so maybe they started the payroll for that first payment that's why they counted this amount as being my weekly one.

    I look forward to seeing it corrected on the next payroll rather than having me to do extra calculation for the self-assessment...

    Thanks.
    It will be fixed in March as it always is when the last payment for the year is done.
    merely at clientco for the entertainment

    Comment


      #12
      Thanks eek. I will keep an eye on it and trust it will eventually be fixed.
      Last edited by petafin; 29 November 2020, 20:38.

      Comment


        #13
        Originally posted by petafin View Post
        Thanks eek. I will keep an eye on it and trust it will eventually be fixed.
        it will improve with each subsequent pay packet. As each one comes through it gets closer to year end and the correct number.
        I would ask them why you have the emergency code though. If you've provided a P45 you should be on a normal tax code.
        See You Next Tuesday

        Comment


          #14
          Originally posted by Lance View Post
          it will improve with each subsequent pay packet. As each one comes through it gets closer to year end and the correct number.
          I would ask them why you have the emergency code though. If you've provided a P45 you should be on a normal tax code.
          IF he's provided a P45 and it's his only job, then unless there's a pertinent fact or two missing, emergency tax codes should be temporary.
          …Maybe we ain’t that young anymore

          Comment

          Working...
          X