Tag Archives: tax code

Why should you understand your PAYE code?

paye tax

Does it matter if you don’t know exactly what is in your “Pay As You Earn” (PAYE) code? After all HM Revenue & Customs have all the information and they will issue the right code which your employer will apply.  So why should you understand your PAYE code? It is common for taxpayers to be […]

Benefits of submitting your Tax Return before the deadline

tax return

If you have been completing a Self-Assessment Tax Return for a while you know it is an annual ritual that has to be performed.  It needs to be done without fail no matter what.  There are some who prefer to submit the return early with plenty of time, whilst others leave it to the last […]

How do you understand your PAYE code?

Everyone who is on a payroll or receives a private pension will have a tax code from HM Revenue & Customs (HMRC).  This code also referred to as PAYE code tells your employer or pension provider what tax to deduct. But how do you understand your PAYE code? Do you fully understand what is and […]