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BR tax code,

flp14344flp14344

Hi guy's, received a letter today from HM Revenue & Customs, saying that my Tax code will be BR for next tax year, 2010-2011...., i don't really understand this code's.., is it good??
i did bit of googling still don't get it.., any one have this code.., is it ok or too much paying tax,
please help..,

Rep will be given for help,

many thanks in advance

All Comments (21)

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1
    wolf359
    its usually for second jobs, it means you'll be taxed on ALL of the pay and not the remainder after your allowance is taken into consideration

    "BR
    This code is an abbreviation of "Basic Rate". It is applied by HMRC to employees who are liable to pay income tax at the basic rate, i.e. 20%. You may be given this tax code if you have two jobs, or a pension in addition to your job. For one of the jobs or the pension you have a suffix code so that you receive your "tax-free pay"; in the other you must pay tax at 20% on all of the earnings. If you have two pensions, the state pension and an occupational pension, this code may be used to deduct tax from your occupational pension.

    Your employer is also allowed to allocate this code for new employees in certain circumstances if HMRC has not yet provided an official tax code.

    If you have this code, your employer is required to deduct tax at 20% from all of your earnings. You do not have any "tax-free pay".

    Example: Your weekly earnings are £300. Your employer deducts £60 tax, i.e. 20% of £300."
    flp14344
    wolf359
    its usually for second jobs, it means you'll be taxed on ALL of the pay and not the remainder after your allowance is taken into consideration

    "BR
    This code is an abbreviation of "Basic Rate". It is applied by HMRC to employees who are liable to pay income tax at the basic rate, i.e. 20%. You may be given this tax code if you have two jobs, or a pension in addition to your job. For one of the jobs or the pension you have a suffix code so that you receive your "tax-free pay"; in the other you must pay tax at 20% on all of the earnings. If you have two pensions, the state pension and an occupational pension, this code may be used to deduct tax from your occupational pension.

    Your employer is also allowed to allocate this code for new employees in certain circumstances if HMRC has not yet provided an official tax code.

    If you have this code, your employer is required to deduct tax at 20% from all of your earnings. You do not have any "tax-free pay".

    Example: Your weekly earnings are £300. Your employer deducts £60 tax, i.e. 20% of £300."


    Thanks for the info, is their a way to avoid this code:whistling:
    sancho1983
    I also have this, think you can decide how much of your allowance goes on either job.
    DLM
    DLM4 years, 5 months ago #4Show comment tools Reply
    flp14344
    Thanks for the info, is their a way to avoid this code:whistling:


    Sign on :p
    wolf359
    sancho1983
    I also have this, think you can decide how much of your allowance goes on either job.

    yep that's right, you just pop into your local office and they'll allocate your allowance to both jobs in whatever percentage you want
    FLANBAY
    wolf359
    yep that's right, you just pop into your local office and they'll allocate your allowance to both jobs in whatever percentage you want


    Why not just phone the tax office on 0845 3000 627
    FLANBAY
    Heres the link to HMRC website .....many poeple have been given BR tax code in error

    http://www.hmrc.gov.uk/incometax/annual-coding.htm
    demolisher
    There was a article in the newspaper stating that HMRC sent out letters saying alot of ppl's tax code was going to change but that was an error. Might be worth ringing them to find out for sure
    bykergrove
    it means you have won the tax lottery congratulations.

    you don't have to pay tax this year so ignore all requests for a tax return
    flp14344
    FLANBAY
    Heres the link to HMRC website .....many poeple have been given BR tax code in error

    http://www.hmrc.gov.uk/incometax/annual-coding.htm


    in Error:thinking:
    flp14344
    bykergrove
    it means you have won the tax lottery congratulations.

    you don't have to pay tax this year so ignore all requests for a tax return


    what??? i wish :w00t:
    dj_urban
    Think iv been on that tax code before, You should get a rebate,

    ( Im sure its when you are paying to much tax, or usually when you have started a new job its a temporary tax code )
    FLANBAY
    flp14344
    in Error:thinking:


    Yes thousands of people have been given BR tax code after the Revenue's new system spurned out incorrect data. Its causing chaos in payroll departments including the one I work in !

    Heres a bit more info .....

    http://www.timesonline.co.uk/tol/money/tax/article7002889.ece
    birdyboyuk
    Isn't BR emergency tax?

    You'll basically pay more until you notify the workplace to contact the tax office to get this amended.
    Any overpayment you have made will be paid back to you.

    Best thing to do is to contact the tax office themselves for clarification...

    HTH
    PhilthyPhil
    Contrary to popular opinion BR is indeed an abbreviation of Basic Rate & not Bloody Ripoff!!!!!
    keli
    i received one of these letters stating i will be on BR from april 2010 i phoned them up and told them i dont think so as i was made redundant march and they still had me working the guy said he has receievd a lot of these calls error letters he believes give them a tinkle
    Smaybelline
    I got a second job recently and after speaking to HMRC my second job is taxed as BR.

    Just basic rate - 20% i think.
    Samwards
    Just going to start a second job and not looking forward to the tax, as I don't get taxed on my current income :(
    Smaybelline
    Samwards
    Just going to start a second job and not looking forward to the tax, as I don't get taxed on my current income :(


    People always say that you get taxed looooadss on your second job - You dont :thumbsup:
    serhattosun
    Hey,
    i have been with two company at the same time but been using the same tax code for both of them so i have received the letter, saying that i have to pay £3000 so, is it my responsiblty to change to Br code or is it company????i have to go to the citizens advice office to get advice..

    please can someone help me on that...

    thnks
    wolf359
    its usually for second jobs, it means you'll be taxed on ALL of the pay and not the remainder after your allowance is taken into consideration"BRThis code is an abbreviation of "Basic Rate". It is applied by HMRC to employees who are liable to pay income tax at the basic rate, i.e. 20%. You may be given this tax code if you have two jobs, or a pension in addition to your job. For one of the jobs or the pension you have a suffix code so that you receive your "tax-free pay"; in the other you must pay tax at 20% on all of the earnings. If you have two pensions, the state pension and an occupational pension, this code may be used to deduct tax from your occupational pension.Your employer is also allowed to allocate this code for new employees in certain circumstances if HMRC has not yet provided an official tax code.If you have this code, your employer is required to deduct tax at 20% from all of your earnings. You do not have any "tax-free pay".Example: Your weekly earnings are £300. Your employer deducts £60 tax, i.e. 20% of £300."

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