Home » Archimedes archive » Acorn User » AU 1998-07.adf » Regulars » StarInfo/Peachey/!Taxcheck/!Codes
StarInfo/Peachey/!Taxcheck/!Codes
This website contains an archive of files for the Acorn Electron, BBC Micro, Acorn Archimedes, Commodore 16 and Commodore 64 computers, which Dominic Ford has rescued from his private collection of floppy disks and cassettes.
Some of these files were originally commercial releases in the 1980s and 1990s, but they are now widely available online. I assume that copyright over them is no longer being asserted. If you own the copyright and would like files to be removed, please contact me.
| Tape/disk: | Home » Archimedes archive » Acorn User » AU 1998-07.adf » Regulars |
| Filename: | StarInfo/Peachey/!Taxcheck/!Codes |
| Read OK: | ✔ |
| File size: | 06D0 bytes |
| Load address: | 0000 |
| Exec address: | 0000 |
File contents
This file gives a brief overview of tax codes, and
is not exhaustive. Your tax office will have more
information.
The informationis based on 97/8 codes but in general
applies to all years, with figures changing with the
budget etc.
How are codes made up ?
========================
Tax codes are designed to give your employer information
on how to tax your pay without revealing to your employer
private info. about you.
Standard codes are made up of a figure(s) followed by a letter.
eg 300L
The 300 is your tax free allowances. So the higher your number
the more you can earn without paying tax. Your allowances are
divided equally through the year.
The letter following the number has the following meanings
L Single person.
H Married person with additional allowances.
T Usually means your allowances are split between jobs.
P Pensioner
In addition this can be suffixed with wk1/mth1 which means that
the code is non cummulative.
K codes
========
This is made of k followed by a number.
These codes are used to recover tax for benefits received and in
exceptional cases large underpayments from previous years. Any
queries speak to your tax office as the makeup of the number is
very complex.
BR/OT
======
This stands for BASIC RATE, and means that your pay is taxed with no
allowances given. Currently 23%.
D0
==
This means the employer must tax your pay at the Higher rate, again with
no allowances given.
NB the allowances for the two instances may have been used elsewhere ie if
you have more than one job.
NT
==
Means NO TAX. the employer does not have to deduct, but simiarly if you have
had tax deducted before the NT code was issued it cannot be repaid. This code
is fairly rare. 00000000 0a 54 68 69 73 20 66 69 6c 65 20 67 69 76 65 73 |.This file gives| 00000010 20 61 20 62 72 69 65 66 20 6f 76 65 72 76 69 65 | a brief overvie| 00000020 77 20 6f 66 20 74 61 78 20 63 6f 64 65 73 2c 20 |w of tax codes, | 00000030 61 6e 64 0a 69 73 20 6e 6f 74 20 65 78 68 61 75 |and.is not exhau| 00000040 73 74 69 76 65 2e 20 59 6f 75 72 20 74 61 78 20 |stive. Your tax | 00000050 6f 66 66 69 63 65 20 77 69 6c 6c 20 68 61 76 65 |office will have| 00000060 20 6d 6f 72 65 0a 69 6e 66 6f 72 6d 61 74 69 6f | more.informatio| 00000070 6e 2e 0a 54 68 65 20 69 6e 66 6f 72 6d 61 74 69 |n..The informati| 00000080 6f 6e 69 73 20 62 61 73 65 64 20 6f 6e 20 39 37 |onis based on 97| 00000090 2f 38 20 63 6f 64 65 73 20 62 75 74 20 69 6e 20 |/8 codes but in | 000000a0 67 65 6e 65 72 61 6c 0a 61 70 70 6c 69 65 73 20 |general.applies | 000000b0 74 6f 20 61 6c 6c 20 79 65 61 72 73 2c 20 77 69 |to all years, wi| 000000c0 74 68 20 66 69 67 75 72 65 73 20 63 68 61 6e 67 |th figures chang| 000000d0 69 6e 67 20 77 69 74 68 20 74 68 65 0a 62 75 64 |ing with the.bud| 000000e0 67 65 74 20 65 74 63 2e 0a 0a 48 6f 77 20 61 72 |get etc...How ar| 000000f0 65 20 63 6f 64 65 73 20 6d 61 64 65 20 75 70 20 |e codes made up | 00000100 3f 0a 3d 3d 3d 3d 3d 3d 3d 3d 3d 3d 3d 3d 3d 3d |?.==============| 00000110 3d 3d 3d 3d 3d 3d 3d 3d 3d 3d 0a 0a 54 61 78 20 |==========..Tax | 00000120 63 6f 64 65 73 20 61 72 65 20 64 65 73 69 67 6e |codes are design| 00000130 65 64 20 74 6f 20 67 69 76 65 20 79 6f 75 72 20 |ed to give your | 00000140 65 6d 70 6c 6f 79 65 72 20 69 6e 66 6f 72 6d 61 |employer informa| 00000150 74 69 6f 6e 0a 6f 6e 20 68 6f 77 20 74 6f 20 74 |tion.on how to t| 00000160 61 78 20 79 6f 75 72 20 70 61 79 20 77 69 74 68 |ax your pay with| 00000170 6f 75 74 20 72 65 76 65 61 6c 69 6e 67 20 74 6f |out revealing to| 00000180 20 79 6f 75 72 20 65 6d 70 6c 6f 79 65 72 0a 70 | your employer.p| 00000190 72 69 76 61 74 65 20 69 6e 66 6f 2e 20 61 62 6f |rivate info. abo| 000001a0 75 74 20 79 6f 75 2e 0a 53 74 61 6e 64 61 72 64 |ut you..Standard| 000001b0 20 63 6f 64 65 73 20 61 72 65 20 6d 61 64 65 20 | codes are made | 000001c0 75 70 20 6f 66 20 61 20 66 69 67 75 72 65 28 73 |up of a figure(s| 000001d0 29 20 66 6f 6c 6c 6f 77 65 64 20 62 79 20 61 20 |) followed by a | 000001e0 6c 65 74 74 65 72 2e 0a 0a 20 20 20 20 20 20 20 |letter... | 000001f0 20 20 20 20 20 20 20 65 67 20 33 30 30 4c 0a 0a | eg 300L..| 00000200 54 68 65 20 33 30 30 20 69 73 20 79 6f 75 72 20 |The 300 is your | 00000210 74 61 78 20 66 72 65 65 20 61 6c 6c 6f 77 61 6e |tax free allowan| 00000220 63 65 73 2e 20 53 6f 20 74 68 65 20 68 69 67 68 |ces. So the high| 00000230 65 72 20 79 6f 75 72 20 6e 75 6d 62 65 72 0a 74 |er your number.t| 00000240 68 65 20 6d 6f 72 65 20 79 6f 75 20 63 61 6e 20 |he more you can | 00000250 65 61 72 6e 20 77 69 74 68 6f 75 74 20 70 61 79 |earn without pay| 00000260 69 6e 67 20 74 61 78 2e 20 59 6f 75 72 20 61 6c |ing tax. Your al| 00000270 6c 6f 77 61 6e 63 65 73 20 61 72 65 0a 64 69 76 |lowances are.div| 00000280 69 64 65 64 20 65 71 75 61 6c 6c 79 20 74 68 72 |ided equally thr| 00000290 6f 75 67 68 20 74 68 65 20 79 65 61 72 2e 0a 0a |ough the year...| 000002a0 54 68 65 20 6c 65 74 74 65 72 20 66 6f 6c 6c 6f |The letter follo| 000002b0 77 69 6e 67 20 74 68 65 20 6e 75 6d 62 65 72 20 |wing the number | 000002c0 68 61 73 20 74 68 65 20 66 6f 6c 6c 6f 77 69 6e |has the followin| 000002d0 67 20 6d 65 61 6e 69 6e 67 73 0a 0a 20 20 20 20 |g meanings.. | 000002e0 20 4c 20 53 69 6e 67 6c 65 20 70 65 72 73 6f 6e | L Single person| 000002f0 2e 0a 20 20 20 20 20 48 20 4d 61 72 72 69 65 64 |.. H Married| 00000300 20 70 65 72 73 6f 6e 20 77 69 74 68 20 61 64 64 | person with add| 00000310 69 74 69 6f 6e 61 6c 20 61 6c 6c 6f 77 61 6e 63 |itional allowanc| 00000320 65 73 2e 0a 20 20 20 20 20 54 20 55 73 75 61 6c |es.. T Usual| 00000330 6c 79 20 6d 65 61 6e 73 20 79 6f 75 72 20 61 6c |ly means your al| 00000340 6c 6f 77 61 6e 63 65 73 20 61 72 65 20 73 70 6c |lowances are spl| 00000350 69 74 20 62 65 74 77 65 65 6e 20 6a 6f 62 73 2e |it between jobs.| 00000360 0a 20 20 20 20 20 50 20 50 65 6e 73 69 6f 6e 65 |. P Pensione| 00000370 72 0a 0a 0a 49 6e 20 61 64 64 69 74 69 6f 6e 20 |r...In addition | 00000380 74 68 69 73 20 63 61 6e 20 62 65 20 73 75 66 66 |this can be suff| 00000390 69 78 65 64 20 77 69 74 68 20 77 6b 31 2f 6d 74 |ixed with wk1/mt| 000003a0 68 31 20 77 68 69 63 68 20 6d 65 61 6e 73 20 74 |h1 which means t| 000003b0 68 61 74 0a 74 68 65 20 63 6f 64 65 20 69 73 20 |hat.the code is | 000003c0 6e 6f 6e 20 63 75 6d 6d 75 6c 61 74 69 76 65 2e |non cummulative.| 000003d0 0a 0a 4b 20 63 6f 64 65 73 0a 3d 3d 3d 3d 3d 3d |..K codes.======| 000003e0 3d 3d 0a 0a 54 68 69 73 20 69 73 20 6d 61 64 65 |==..This is made| 000003f0 20 6f 66 20 6b 20 66 6f 6c 6c 6f 77 65 64 20 62 | of k followed b| 00000400 79 20 61 20 6e 75 6d 62 65 72 2e 0a 54 68 65 73 |y a number..Thes| 00000410 65 20 63 6f 64 65 73 20 61 72 65 20 75 73 65 64 |e codes are used| 00000420 20 74 6f 20 72 65 63 6f 76 65 72 20 74 61 78 20 | to recover tax | 00000430 66 6f 72 20 62 65 6e 65 66 69 74 73 20 72 65 63 |for benefits rec| 00000440 65 69 76 65 64 20 61 6e 64 20 69 6e 0a 65 78 63 |eived and in.exc| 00000450 65 70 74 69 6f 6e 61 6c 20 63 61 73 65 73 20 6c |eptional cases l| 00000460 61 72 67 65 20 75 6e 64 65 72 70 61 79 6d 65 6e |arge underpaymen| 00000470 74 73 20 66 72 6f 6d 20 70 72 65 76 69 6f 75 73 |ts from previous| 00000480 20 79 65 61 72 73 2e 20 41 6e 79 0a 71 75 65 72 | years. Any.quer| 00000490 69 65 73 20 73 70 65 61 6b 20 74 6f 20 79 6f 75 |ies speak to you| 000004a0 72 20 74 61 78 20 6f 66 66 69 63 65 20 61 73 20 |r tax office as | 000004b0 74 68 65 20 6d 61 6b 65 75 70 20 6f 66 20 74 68 |the makeup of th| 000004c0 65 20 6e 75 6d 62 65 72 20 69 73 0a 76 65 72 79 |e number is.very| 000004d0 20 63 6f 6d 70 6c 65 78 2e 0a 0a 0a 42 52 2f 4f | complex....BR/O| 000004e0 54 0a 3d 3d 3d 3d 3d 3d 0a 0a 54 68 69 73 20 73 |T.======..This s| 000004f0 74 61 6e 64 73 20 66 6f 72 20 42 41 53 49 43 20 |tands for BASIC | 00000500 52 41 54 45 2c 20 61 6e 64 20 6d 65 61 6e 73 20 |RATE, and means | 00000510 74 68 61 74 20 79 6f 75 72 20 70 61 79 20 69 73 |that your pay is| 00000520 20 74 61 78 65 64 20 77 69 74 68 20 6e 6f 0a 61 | taxed with no.a| 00000530 6c 6c 6f 77 61 6e 63 65 73 20 67 69 76 65 6e 2e |llowances given.| 00000540 20 43 75 72 72 65 6e 74 6c 79 20 32 33 25 2e 0a | Currently 23%..| 00000550 0a 44 30 0a 3d 3d 0a 0a 54 68 69 73 20 6d 65 61 |.D0.==..This mea| 00000560 6e 73 20 74 68 65 20 65 6d 70 6c 6f 79 65 72 20 |ns the employer | 00000570 6d 75 73 74 20 74 61 78 20 79 6f 75 72 20 70 61 |must tax your pa| 00000580 79 20 61 74 20 74 68 65 20 48 69 67 68 65 72 20 |y at the Higher | 00000590 72 61 74 65 2c 20 61 67 61 69 6e 20 77 69 74 68 |rate, again with| 000005a0 0a 6e 6f 20 61 6c 6c 6f 77 61 6e 63 65 73 20 67 |.no allowances g| 000005b0 69 76 65 6e 2e 0a 0a 4e 42 20 74 68 65 20 61 6c |iven...NB the al| 000005c0 6c 6f 77 61 6e 63 65 73 20 66 6f 72 20 74 68 65 |lowances for the| 000005d0 20 74 77 6f 20 69 6e 73 74 61 6e 63 65 73 20 6d | two instances m| 000005e0 61 79 20 68 61 76 65 20 62 65 65 6e 20 75 73 65 |ay have been use| 000005f0 64 20 65 6c 73 65 77 68 65 72 65 20 69 65 20 69 |d elsewhere ie i| 00000600 66 0a 79 6f 75 20 68 61 76 65 20 6d 6f 72 65 20 |f.you have more | 00000610 74 68 61 6e 20 6f 6e 65 20 6a 6f 62 2e 0a 0a 4e |than one job...N| 00000620 54 0a 3d 3d 0a 0a 4d 65 61 6e 73 20 4e 4f 20 54 |T.==..Means NO T| 00000630 41 58 2e 20 74 68 65 20 65 6d 70 6c 6f 79 65 72 |AX. the employer| 00000640 20 64 6f 65 73 20 6e 6f 74 20 68 61 76 65 20 74 | does not have t| 00000650 6f 20 64 65 64 75 63 74 2c 20 62 75 74 20 73 69 |o deduct, but si| 00000660 6d 69 61 72 6c 79 20 69 66 20 79 6f 75 20 68 61 |miarly if you ha| 00000670 76 65 0a 68 61 64 20 74 61 78 20 64 65 64 75 63 |ve.had tax deduc| 00000680 74 65 64 20 62 65 66 6f 72 65 20 74 68 65 20 4e |ted before the N| 00000690 54 20 63 6f 64 65 20 77 61 73 20 69 73 73 75 65 |T code was issue| 000006a0 64 20 69 74 20 63 61 6e 6e 6f 74 20 62 65 20 72 |d it cannot be r| 000006b0 65 70 61 69 64 2e 20 54 68 69 73 20 63 6f 64 65 |epaid. This code| 000006c0 0a 69 73 20 66 61 69 72 6c 79 20 72 61 72 65 2e |.is fairly rare.| 000006d0
.