debt epidemic in UK

Why am I paying Emergency Tax?

If you suddenly find yourself paying emergency tax, this is likely to be because HMRC doesn’t know enough about your income or tax details for the full tax year. This usually happens if: You have started a new job and haven’t got a P45 from your previous employer for the same tax year You have

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Tax Codes: How are they used?

Tax codes what your employer uses to work out how much tax to deduct from your pay. It is calculated by HM Revenue and Customs and sent to the company you work for. Tax codes are usually made up of three numbers and a letter and most people born after 5th April 1948, with one

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