HMRC is consulting until 5 September 2013 on proposals to increase the maximum amount that may be collected through an individual’s PAYE tax code. This limit would increase on a graduated scale for individuals with earnings between £30,000 and £90,000 up to maximum of £17,000.
HMRC is consulting until 5 September 2013 on proposals to increase the maximum amount that may be collected through an individual’s PAYE tax code. This limit would increase on a graduated scale for individuals with earnings between £30,000 and £90,000 up to maximum of £17,000. The limit would remain at £3,000 for incomes below £30,000. The statutory limit which prevents an employer deducting more than 50% of an employee’s relevant pay would be extended to all tax codes, rather than just the special ‘K’ code.
HMRC is consulting until 5 September 2013 on proposals to increase the maximum amount that may be collected through an individual’s PAYE tax code. This limit would increase on a graduated scale for individuals with earnings between £30,000 and £90,000 up to maximum of £17,000.
HMRC is consulting until 5 September 2013 on proposals to increase the maximum amount that may be collected through an individual’s PAYE tax code. This limit would increase on a graduated scale for individuals with earnings between £30,000 and £90,000 up to maximum of £17,000. The limit would remain at £3,000 for incomes below £30,000. The statutory limit which prevents an employer deducting more than 50% of an employee’s relevant pay would be extended to all tax codes, rather than just the special ‘K’ code.
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