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UK workers must check tax codes after changes may cause payment errors, especially when changing jobs.
UK taxpayers are urged to verify their tax codes after HMRC warned of recent changes that could affect tax deductions, especially when switching jobs with overlapping pay periods.
A code change, such as from 1257L to 1148L, may lead to overpayment or underpayment if not corrected.
The standard code 'L' allows a £12,570 tax-free personal allowance in England, Wales, and Northern Ireland, with tax rates of 20% on income between £12,570 and £50,270, and higher rates above £50,270.
The personal allowance phases out at £100,000 and vanishes at £125,140.
Individuals can check their code online, via the HMRC app, payslip, or Tax Code Notice.
Scotland has different rules.
Los trabajadores del Reino Unido deben comprobar los códigos impositivos después de que los cambios puedan causar errores de pago, especialmente cuando cambian de trabajo.