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Where my taxes go - The Titfield Thunderbolt
Heisenberg might have stayed here
qatsi
qatsi
Where my taxes go
I have just received my fourth tax coding notice this year. It does make me wonder what the Revenue are on.

4 May - "Your new tax code for the year 6 April 2008 to 5 April 2009 is 605T which replaces 593L"
4 June - "Your new tax code for the year 6 April 2008 to 5 April 2009 is 554L which replaces 605T"
18 July - "Your new tax code for the year 6 April 2008 to 5 April 2009 is 550L which replaces 554L"
24 August - "Your new tax code for the year 6 April 2008 to 5 April 2009 is 610T which replaces 550L"

My dealings with the Revenue over the years have been hit-and-miss. I find the online system fine, it's when I have to deal with human beings that it all starts to go wrong. And what's this T business?

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Comments
uitlander From: uitlander Date: August 28th, 2008 08:15 pm (UTC) (Link)
I had one as well this evening. I'm now 528T. I believe the 'T' relates to the Chancellor's 'tax giveaway' to the lower income bracket who lost out badly when he threw away the starting rate of tax. I also think its one of those irregular verbs:

I am underpaid.
You are overpaid.
He is a member of the Board.
qatsi From: qatsi Date: August 28th, 2008 08:44 pm (UTC) (Link)
Thank you Bernard.
uitlander From: uitlander Date: August 28th, 2008 08:52 pm (UTC) (Link)
Any time dear.
mraltariel From: mraltariel Date: August 28th, 2008 09:21 pm (UTC) (Link)
T usually means "there's something slightly odd about your tax and we're going to have to look into it". Large numbers of changes of coding are also a good indicator of the fact that they've buggered it all up somewhere along the line.

The magic numbers are your remaining untaxed income, divided by 10.

I had *no end* of trouble with the tax office 2 years ago, which started with demands of about 5k from them, and ended up with me sending repeats of *6 years* of tax returns back to them (fortunately, I'd kept everything in a folder), and them paying me 2.5k in overpaid tax for the period. Which was OK, in the end, I suppose.
uitlander From: uitlander Date: August 28th, 2008 09:57 pm (UTC) (Link)
Oh deep joy, so that's both of spending our hols doing paperwork for the revenue then?
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