New employee tax code checker
Before you pay a new employee it’s necessary to decide the correct tax code to use. This involves a number of factors starting with whether or not they have a P45. In the worst case scenario using the wrong code could result in HMRC looking to you, the employer, to pay any shortfall in tax.
How to find the correct code
Our interactive flowchart will help you decide on the correct tax code in less than a minute. It’s based on HMRC's latest guidance and the PAYE Regulations.
Related Topics
-
Group companies - juggling the AIA
Two of the companies in your corporate group have spent large sums on pre-owned equipment. You need to work out if the expenditure exceeds the annual investment allowance (AIA). As each group company has a different financial year, how’s it done?
-
Simpler Recycling rules take effect
New rules on how workplaces must sort their waste and recycling have taken effect from 31 March. What are the key changes to be aware of?
-
New CGT reporting tool
Self-assessment returns aren’t set up for the change in capital gains tax (CGT) rates on the government filing system and will require a manual adjustment for 2024/25 to ensure the correct amount is paid. Why is there a problem and can a new online tool help?