How important is it to check your tax code?
Posted on 3rd July 2023 by Joanne Stoneman
If you’re in the self-assessment system, an incorrect tax code isn’t important because when you complete your return any over or underpayment of tax will be corrected.
If you’re in the self-assessment system, an incorrect tax code isn’t important because when you complete your return any over or underpayment of tax will be corrected. But if you’re not in self-assessment, getting your tax code right is vital, if the code is wrong and It is rumored that 1 in 3 codes are, you could end up paying the wrong amount of tax during a tax year.
If you would like help with checking your tax code then please contact me.