PAYE Code

Check Your Tax Code is Correct – New 2017/18 PAYE Codes


If you are in employment or receive pension income, you should have received a 2017/18 PAYE coding notice from HMRC.

PAYE coding notices will be sent to you from HMRC by post, or you can check on your online Self-Assessment personal account with HMRC. This will notify you of the PAYE code to be operated against your employment or pension income. It is important to check your code and ensure it is CORRECT as you would be surprised how many PAYE codes sent by HMRC are incorrect! Here at Your Tax Shop, based in Tameside, we can check your PAYE coding for a very small fee.

For the 2017/18 tax year, the basic personal allowance will be £11,500. This means that during 2017/18, a taxpayer will need to receive taxable income over £11,500 before they pay any income tax. For most people, their tax code in 2017/18 will be 1150L – the Personal Allowance they are entitled to divided by 10.  The PAYE code should include the full Personal Allowance unless you are not entitled to it e.g. your taxable income is estimated to exceed £100k.

Unfortunately, if your PAYE code is incorrect you could end up paying too much or too little tax. If you pay too little tax, this can lead to large tax liabilities at the end of the tax year, or if you pay too much tax this will likely result in a cash flow disadvantage. This can often happen if you have more than one source of income.

If you require any help or would like to speak to someone regarding your PAYE code then please contact Your Tax Shop at either our Mossley or Ashton office.

PAYE Code

Check Your Tax Code is Correct – New 2017/18 PAYE Codes


If you are in employment or receive pension income, you should have received a 2017/18 PAYE coding notice from HMRC.

PAYE coding notices will be sent to you from HMRC by post, or you can check on your online Self-Assessment personal account with HMRC. This will notify you of the PAYE code to be operated against your employment or pension income. It is important to check your code and ensure it is CORRECT as you would be surprised how many PAYE codes sent by HMRC are incorrect! Here at Your Tax Shop, based in Tameside, we can check your PAYE coding for a very small fee.

For the 2017/18 tax year, the basic personal allowance will be £11,500. This means that during 2017/18, a taxpayer will need to receive taxable income over £11,500 before they pay any income tax. For most people, their tax code in 2017/18 will be 1150L – the Personal Allowance they are entitled to divided by 10.  The PAYE code should include the full Personal Allowance unless you are not entitled to it e.g. your taxable income is estimated to exceed £100k.

Unfortunately, if your PAYE code is incorrect you could end up paying too much or too little tax. If you pay too little tax, this can lead to large tax liabilities at the end of the tax year, or if you pay too much tax this will likely result in a cash flow disadvantage. This can often happen if you have more than one source of income.

If you require any help or would like to speak to someone regarding your PAYE code then please contact Your Tax Shop at either our Mossley or Ashton office.

PAYE Code

Check Your Tax Code is Correct – New 2017/18 PAYE Codes


If you are in employment or receive pension income, you should have received a 2017/18 PAYE coding notice from HMRC.

PAYE coding notices will be sent to you from HMRC by post, or you can check on your online Self-Assessment personal account with HMRC. This will notify you of the PAYE code to be operated against your employment or pension income. It is important to check your code and ensure it is CORRECT as you would be surprised how many PAYE codes sent by HMRC are incorrect! Here at Your Tax Shop, based in Tameside, we can check your PAYE coding for a very small fee.

For the 2017/18 tax year, the basic personal allowance will be £11,500. This means that during 2017/18, a taxpayer will need to receive taxable income over £11,500 before they pay any income tax. For most people, their tax code in 2017/18 will be 1150L – the Personal Allowance they are entitled to divided by 10.  The PAYE code should include the full Personal Allowance unless you are not entitled to it e.g. your taxable income is estimated to exceed £100k.

Unfortunately, if your PAYE code is incorrect you could end up paying too much or too little tax. If you pay too little tax, this can lead to large tax liabilities at the end of the tax year, or if you pay too much tax this will likely result in a cash flow disadvantage. This can often happen if you have more than one source of income.

If you require any help or would like to speak to someone regarding your PAYE code then please contact Your Tax Shop at either our Mossley or Ashton office.