HMRC has just completed sending out PAYE tax codes for 2010/11 to over 25 million taxpayers. But the Chartered Institute of Taxation has claimed that many of them are wrong and could result in taxpayers having too much tax deducted from their monthly pay packet when the new codes take effect in April.
Those most likely to be affected will be people with more than one job, pensioners with part-time jobs and anyone with investment income.
Many people never bother to check their tax codes, just assuming that whatever HMRC sends them must be correct. But the taxman isn't always right so check your code now and if you don't think it's right get in touch with HMRC straightaway.
Why not use our Code Checker service?
For just £35 we will check your code and if it seems to be incorrect contact HMRC on your behalf - with the first letter and two phonecalls to HMRC included in the fixed fee*.
If you subsequently appoint us to prepare your accounts and/or your annual tax return then the Code Checker fee will be deducted from our charges for your first year.