Many taxpayers who are in employment receive their pay slip on a weekly or monthly basis and assume that their tax code is correct and, therefore, they are paying the correct amount of PAYE tax per month.
As a result of this, it may go unnoticed when an incorrect amount of tax has been deducted at the end of the year. Generally speaking, if the tax code is 1275L for the 2022/23 tax year then it is probably correct and no further action is needed. However, if your tax code differs from this you should contact HMRC to investigate further.
Contact us directly for information on your own specific circumstances.
Unlocking Financial Success with K2 Accountancy Group, Your Trusted Ilkeston Accountant
Welcome to K2 Accountancy Group, your reliable Ilkeston Accountant and partner for comprehensive and customised accounting services. As an Ilkeston-based, family-owned and operated business, we take pride in not only delivering top-notch financial solutions but also in giving back to the community through various fundraising initiatives and events.Breaking Down the Autumn Statement 2023: A Fiscal Pivot Towards Growth and Tax Cuts
The Autumn Statement in Brief
Today, The Chancellor of the Exchequer has delivered his autumn statement in the House of Commons after noting that the “plan for the British economy is working, but the work is not done”. Unlocking Success: Your Trusted Nottingham Accountants with Expert Back Office Services
Why Choose K2 as your Nottingham Accountants? At K2 Accountancy Group, we stand out as the premier Nottingham accountants, offering a unique blend of traditional financial services and specialised expertise in back office management. Our commitment to excellence sets us apart, making us the go-to choice for businesses in construction, hospitality, manufacturing, logistics, and beyond.HMRC's "Process Now, Check Later" Approach Leaves Taxpayers Vulnerable to Abuse