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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 7099
Experience:  FCCA - over 40 years experience as a qualified accountant (UK based Practitioner)
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PAYE ref 948/500 I have been given a tax code 43L for this

Customer Question

PAYE ref 948/500 I have been given a tax code 43L for this fiscal year. According to instructions this a tax free figure o £ 431. My tax code is BR. Why the change or is this an error? Pension Ref 31185855
JA: Are you using an online program? Or software installed on your computer?
Customer: Computer
JA: Anything else you want the Accountant to know before I connect you?
Customer: No it is a simple question
Submitted: 1 month ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 month ago.

Hello and welcome to JustAnswer. I am here to help you. I am reviewing your question and will respond to you shortly.
Many thanks

Expert:  taxadvisor.uk replied 1 month ago.

Thank you for your question.

It looks like you have income from more than one source including untaxed income e.g. state pension.

You had a tax code BR which meant your income/pension under PAYE was taxed at basic rate of 20%. Your tax code has been changed so you have tax free income of £431 before your income/pension under PAYE would have tax deducted.

Have you filed a tax return recently?

My aim is to give you a professional service. I hope this is helpful and answers your question.

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