What is a Tax Code Notice?
- MAZ
- Jul 15, 2023
- 19 min read
Updated: Sep 2
Understanding Your Tax Code Notice – The Basics Unpacked
So, you’ve just received a letter or email from HMRC with the mysterious title “Tax Code Notice” or form P2, and you’re wondering what on earth it’s all about. A Tax Code Notice is essentially HMRC’s way of telling your employer or pension provider how much tax to deduct from your salary or pension before it hits your bank account. It’s a short but critical document that ensures you’re paying the right amount of income tax under the Pay As You Earn (PAYE) system.
For the 2025/26 tax year, which runs from 6 April 2025 to 5 April 2026, these notices are being issued to millions of UK taxpayers, and getting to grips with yours can save you from unexpected tax bills or missed refunds. Let’s break it down with the latest info and some practical know-how to make sense of it all. If you're on the wrong tax code, you could end up paying too much or too little tax.
What Exactly Is a Tax Code Notice?
Now, if you’ve ever glanced at your payslip and spotted a code like 1257L, that’s your tax code, and the Tax Code Notice explains what it means. Issued by HM Revenue & Customs (HMRC), this notice—often sent as a paper form (P2) or a digital notification via your Personal Tax Account—details how much of your income is tax-free and how much tax should be deducted.
t’s based on your personal circumstances, like your income, benefits, or other tax adjustments. For 2025/26, the standard personal allowance remains frozen at £12,570, meaning most people with one job or pension will have the tax code 1257L, where “1257” reflects the personal allowance (£12,570 divided by 10) and “L” indicates you’re entitled to the standard tax-free amount. If your circumstances change—say, you start a second job or receive a company car—HMRC may send an updated notice mid-year to adjust your code.
Why Does Your Tax Code Matter?
None of us is a tax expert, but understanding your tax code is a game-changer for your finances. Your tax code directly affects your take-home pay. If it’s correct, you’re paying the right amount of tax each month, and your payslip reflects what you expect. If it’s wrong, you could be overpaying (leaving you short of cash) or underpaying (leading to a nasty tax bill later).
For example, HMRC estimates that around 1 in 10 taxpayers may have an incorrect tax code at some point, often due to unreported changes like a new job or marriage. In 2025/26, with the personal allowance still at £12,570 and income tax bands unchanged (20% up to £37,700, 40% up to £125,140, and 45% above that), checking your code is crucial to avoid surprises. A wrong code could mean you’re taxed at 40% when you’re only earning £30,000, or worse, you’re on an emergency tax code like 1257L W1, which ignores your year-to-date earnings and taxes you week by week.
How Is a Tax Code Calculated?
Let’s get into the nuts and bolts: HMRC calculates your tax code based on information about your income, benefits, and personal circumstances. They start with the standard personal allowance (£12,570 for 2025/26) and adjust it for things like taxable benefits (e.g., a company car), underpaid tax from previous years, or additional income sources (e.g., a second job). For high earners, the personal allowance tapers by £1 for every £2 earned over £100,000, so if you earn £125,140 or more, your tax code becomes 0T, meaning no tax-free allowance.
The notice breaks down these adjustments, showing additions (like untaxed income) or reductions (like unpaid tax). For instance, if you owe £500 from 2024/25 and pay tax at 20%, HMRC might reduce your tax-free allowance by £2,500 (£500 ÷ 20%) to recover the debt gradually.
Here’s a quick look at how tax codes translate to tax-free allowances for 2025/26:
Tax Code | Tax-Free Allowance | Who It Applies To |
1257L | £12,570 | Standard for most employees/pensioners with one income source |
0T | £0 | High earners (£125,140+) or no personal allowance |
BR | £0 (taxed at 20%) | Second job or pension, no allowance applied |
D0 | £0 (taxed at 40%) | Second job for higher-rate taxpayers |
K | Negative allowance | Untaxed income exceeds allowance (e.g., company benefits) |
Source: HMRC, Rates and Thresholds for 2025/26, www.gov.uk
Where Can You Find Your Tax Code Notice?
So the question is: where do you actually see this notice? If you’re expecting a paper letter, you might not get one. HMRC has shifted to digital, so many taxpayers receive an email prompting them to check their Personal Tax Account on GOV.UK or the HMRC app. If your tax code is simply 1257L and hasn’t changed, you might not get a notice at all—your employer or pension provider updates it automatically based on HMRC’s instructions. You can also find your tax code on your payslip, P45 (if you’ve left a job), or P60 (end-of-year summary). To check online, log into your Government Gateway account at www.gov.uk/check-income-tax-current-year. If you’re old-school, you can call HMRC at 0300 200 3300, but be ready for a wait.
Common Reasons Your Tax Code Might Be Wrong
Be careful! Errors in your tax code can sneak up on you. Common culprits include:
Starting a new job: Without a P45, your employer might use an emergency tax code (e.g., 1257L M1), which can overtax you until HMRC gets your details.
Multiple income sources: If you have two jobs or a pension, HMRC might allocate your full personal allowance to one source, taxing the other at 20% (BR) or 40% (D0), even if your total income is below £12,570.
Life changes: Marriage, divorce, or new benefits (e.g., a company car) can trigger updates HMRC doesn’t know about unless you tell them.
HMRC errors: In 2023/24, HMRC reported correcting over 500,000 tax codes due to outdated information. Always double-check your notice against your payslip.
Case Study: Siobhan’s Tax Code Mix-Up
Now consider this: Siobhan, a 32-year-old nurse from Leeds, started a second part-time job in 2024 to cover rising costs. Her main job used tax code 1257L, but her new employer applied BR, taxing all her part-time earnings at 20%. By March 2025, she noticed her take-home pay was £200 less per month than expected. After checking her Personal Tax Account, she realised HMRC hadn’t split her personal allowance between jobs. She contacted HMRC, who adjusted her code to 800L for her main job and 457L for her part-time role, saving her £1,200 annually. This shows why checking your notice early is vital.
What Your Tax Code Means
Your tax code is made up of numbers and letters. The most common tax code for people with one job or pension is 1257L. The numbers in your tax code tell your employer or pension provider how much tax-free income you get in that tax year. The letters in your tax code refer to your situation and how it affects your Personal Allowance.
Here are some common letters you might see in your tax code and what they mean:
L: This indicates that you're entitled to the standard tax-free Personal Allowance.
M: This signifies that you've received a transfer of 10% of your partner’s Personal Allowance, as part of the Marriage Allowance.
N: This means you've transferred 10% of your Personal Allowance to your partner, also as part of the Marriage Allowance.
T: This is used when your tax code includes other calculations to work out your Personal Allowance.
0T: This is used when your Personal Allowance has been used up, or you’ve started a new job and your employer does not have the details they need to give you a tax code.
BR: This means all your income from this job or pension is taxed at the basic rate. This is usually used if you’ve got more than one job or pension.
D0: This indicates that all your income from this job or pension is taxed at a higher rate. This is also usually used if you’ve got more than one job or pension.
D1: This signifies that all your income from this job or pension is taxed at an additional rate. This is typically used if you’ve got more than one job or pension.
NT: This means you’re not paying any tax on this income.
S: This is used when your income or pension is taxed using the rates in Scotland.
S0T, SBR, SD0, SD1, SD2: These are similar to 0T, BR, D0, and D1, but specifically for Scotland.
C: This indicates that your income or pension is taxed using the rates in Wales.
C0T, CBR, CD0, CD1: These are similar to 0T, BR, D0, D1, but specifically for Wales.
K: This is used when you have income that is not being taxed another way and it’s worth more than your tax-free allowance.
If your tax code has ‘W1’ or ‘M1’ or ‘X’ at the end, these are emergency tax codes.
Remember, your tax code is used by your employer or pension provider to work out how much Income Tax to take from your pay or pension. HM Revenue and Customs (HMRC) will tell them which code to use. If you think your tax code is wrong, you should contact HMRC.
Tax Codes in Scotland and Wales
In Scotland and Wales, the tax codes are similar but they include an additional letter to indicate the tax rates applied in those regions. For Scotland, the additional letter is 'S', and for Wales, it's 'C'.
Correcting Your Tax Code
If you believe your tax code is incorrect, you should contact HMRC to have it corrected. You can do this online using HMRC's check your income tool or by calling them. An incorrect tax code means that the incorrect tax is being taken, so it's important to act quickly to correct it.
Taking Control of Your Tax Code – Practical Steps and Special Cases
Now that you’ve got the basics of a Tax Code Notice under your belt, let’s get practical. Knowing what a tax code is only gets you so far—you need to know how to check it, fix it if it’s wrong, and understand how it applies to trickier situations like freelancing or running a business. This part dives into actionable steps for UK taxpayers and business owners, with a focus on the 2025/26 tax year. We’ll also explore how tax codes affect specific groups and tackle some less common scenarios that could trip you up. With HMRC’s systems processing over 30 million PAYE records annually, staying on top of your tax code is more important than ever.
How Can You Check Your Tax Code?
Let’s start with the essentials: checking your tax code is easier than you might think, and it’s the first step to ensuring you’re not overpaying tax. Your Tax Code Notice, whether it’s a digital alert or a paper P2 form, is your primary source, but you can also find your code on your payslip, P60, or P45.
For real-time access, head to your Personal Tax Account on www.gov.uk/check-income-tax-current-year or use the HMRC app. You’ll need a Government Gateway ID—if you don’t have one, setting it up takes about 10 minutes. Once logged in, you can see your current tax code, past codes, and any adjustments (e.g., for benefits or underpaid tax). In 2025, HMRC reported that over 15 million taxpayers used digital services to check their tax details, so it’s a reliable way to stay informed. Compare your code to your payslip and ensure it matches—discrepancies could mean an error.
What Should You Do If Your Tax Code Is Wrong?
Be careful! If your tax code looks off, don’t just shrug and hope it sorts itself out—act fast to avoid overpaying or underpaying tax. First, gather evidence: your payslips, P45, P60, or Tax Code Notice. Then, contact HMRC at 0300 200 3300 or through your Personal Tax Account. Explain your situation clearly—say, if you’re on 1257L but should be on a split allowance for two jobs.
HMRC will ask for details like your National Insurance number and employment history. If you’ve overpaid, you may get a refund directly into your bank account or via an adjusted tax code for the rest of the year. In 2024/25, HMRC issued over £1.2 billion in PAYE refunds, often due to incorrect codes. If you’ve underpaid, they’ll adjust your code to collect the debt gradually, avoiding a lump-sum bill.
Here’s a step-by-step guide to fixing a wrong tax code:
Check Your Documents: Review your payslip, P45, P60, or Tax Code Notice for your current code.
Log Into Your Personal Tax Account: Visit www.gov.uk or the HMRC app to confirm your code and see adjustments.
Contact HMRC: Call 0300 200 3300 or use the online chat in your Personal Tax Account. Provide your National Insurance number and details of the issue.
Provide Evidence: Share payslips or other documents showing income or benefits that might affect your code.
Request a Refund or Adjustment: If overtaxed, ask for a refund; if undertaxed, confirm how HMRC will recover the balance.
Follow Up: Check your next payslip to ensure the new code is applied correctly.
How Do Tax Codes Work for Freelancers and Business Owners?
Now, if you’re a freelancer or run a small business, tax codes might seem like they don’t apply to you—but think again. If you’re self-employed and also have a PAYE job or pension, HMRC may issue a Tax Code Notice to adjust your PAYE income based on your self-employed earnings. For example, if you earn £20,000 from freelancing and £30,000 from a part-time job, HMRC might reduce your personal allowance in your PAYE tax code to account for your self-assessment tax liability. In 2025/26, with self-assessment deadlines for 2024/25 returns due by 31 January 2026, HMRC uses data from previous returns to estimate your freelance income. If your profits spike, you might see a K code, indicating that your taxable benefits or untaxed income exceed your personal allowance.
For business owners with employees, understanding Tax Code Notices is crucial for payroll compliance. You’ll receive notices for each employee, and it’s your responsibility to apply the correct code. In 2023/24, HMRC fined over 10,000 businesses for payroll errors, often linked to misapplied tax codes. Use payroll software that integrates with HMRC’s Real Time Information (RTI) system to stay updated.
What Happens with Emergency Tax Codes?
So the question is: what’s an emergency tax code, and why does it feel like a punch to your wallet? Codes like 1257L W1, M1, or X are temporary, applied when HMRC lacks full details about your income—say, when you start a new job without a P45. These codes tax you on a week-by-week or month-by-month basis, ignoring your year-to-date earnings.
For example, if you earn £5,000 in one month under 1257L M1, you might be taxed as if you earn £60,000 annually, leading to overtaxation. In 2024, HMRC data showed over 1 million workers were placed on emergency codes annually, with many overpaying by hundreds of pounds. To fix this, submit your P45 or complete a “starter checklist” with your employer to update HMRC.
How Do Tax Codes Affect Specific Groups?
Let’s dig deeper: tax codes aren’t one-size-fits-all, and certain groups face unique challenges. Pensioners, for instance, often receive Tax Code Notices for their state or private pensions. If you’re drawing a state pension (£11,502 in 2025/26) and a private pension, HMRC may apply your personal allowance to the state pension and tax the private pension at BR or D0, depending on your total income. High earners (over £100,000) see their tax code taper to 0T as their personal allowance shrinks. Non-residents working in the UK might get an NT code (no tax deducted) if their income is covered by a double taxation agreement, but this requires careful verification with HMRC.
Case Study: Arjun’s Freelance Tax Trouble
Now consider this: Arjun, a 40-year-old graphic designer from Bristol, freelances while holding a part-time teaching job. In 2024, his freelance income jumped to £25,000, but he didn’t update HMRC. His Tax Code Notice for 2025/26 showed a K code (K500), reducing his tax-free allowance by £5,000 to account for his self-employed profits. This slashed his take-home pay from his teaching job by £100 monthly. After filing his 2024/25 self-assessment early, Arjun contacted HMRC to adjust his code back to 1257L, as his freelance tax was paid separately. This case highlights the importance of keeping HMRC updated on self-employed income.
Tax Code Adjustments for Benefits and Allowances
Hey, don’t overlook those extra perks! If you get taxable benefits like a company car or private health insurance, your Tax Code Notice will reflect adjustments. For 2025/26, a company car might add £3,000 to your taxable income, reducing your tax-free allowance and changing your code (e.g., from 1257L to 957L). Similarly, allowances like the Marriage Allowance (£1,260 in 2025/26) can boost your tax installed by: 4.8.0+2024091212 (built on 2025-07-07)tax-free amount, changing your code to 1383M for the receiving spouse. Always check your notice for these tweaks, as errors can creep in if HMRC isn’t informed about changes.
Key Takeaways for Mastering Your Tax Code Notice
Right, let’s wrap this up with the most critical points you need to keep in mind about Tax Code Notices in the UK. Whether you’re a taxpayer juggling a single job or a business owner managing payroll, these insights will help you stay on top of your tax code and avoid costly mistakes. Below, I’ve distilled the essentials into a concise list of the top 10 points, each backed by the latest 2025/26 tax year data. This summary pulls together everything we’ve covered, giving you a quick reference to ensure your tax affairs are in order.
What Are the Most Important Things to Know About Tax Code Notices?
Here’s the deal: a Tax Code Notice can feel like a small piece of admin, but it’s the key to getting your taxes right. To make sure you’re not caught out, here are the 10 most crucial points to understand and act on, based on the 2025/26 tax year:
A Tax Code Notice is HMRC’s instruction to your employer or pension provider on how much tax to deduct from your income, ensuring you pay the correct amount under PAYE.
The standard tax code for 2025/26 is 1257L, reflecting the frozen personal allowance of £12,570, applicable to most people with one job or pension.
Your tax code affects your take-home pay, and an incorrect code can lead to overpaying tax (reducing your income) or underpaying (resulting in a future tax bill).
HMRC calculates your tax code based on your income, benefits, and personal circumstances, adjusting for things like company cars, second jobs, or unpaid tax from prior years.
You can find your tax code on your payslip, P45, P60, or Tax Code Notice, or check it digitally via your Personal Tax Account on www.gov.uk/check-income-tax-current-year.
Common reasons for wrong tax codes include starting a new job without a P45, multiple income sources, life changes like marriage, or HMRC errors, which affected over 500,000 taxpayers in 2023/24.
To fix an incorrect tax code, contact HMRC with evidence like payslips and request a refund or adjustment, potentially recovering significant sums—HMRC issued £1.2 billion in PAYE refunds in 2024/25.
Freelancers and business owners with PAYE income may see adjusted tax codes (e.g., K codes) to account for self-employed earnings, requiring careful coordination with self-assessment filings due by 31 January 2026.
Emergency tax codes (e.g., 1257L W1) are temporary and can overtax you by ignoring year-to-date earnings, often applied when HMRC lacks full income details.
Special groups like pensioners, high earners (over £100,000), or non-residents face unique tax code challenges, such as tapered allowances (0T) or no-tax codes (NT), requiring extra vigilance.
Why These Points Matter
Let’s be real: nobody wants to spend their evenings poring over tax codes, but these 10 points are your cheat sheet to avoiding financial headaches. For example, take point 7—fixing a wrong tax code could put hundreds of pounds back in your pocket, like Siobhan from Leeds who saved £1,200 by correcting her code. Or consider point 8: freelancers like Arjun in Bristol can avoid slashed take-home pay by keeping HMRC updated. These aren’t just abstract rules—they’re practical steps that directly impact your wallet. Check your Tax Code Notice regularly, especially if your circumstances change, and don’t hesitate to reach out to HMRC if something looks off. With the 2025/26 tax year in full swing, staying proactive is the best way to keep your taxes on track.
A Final Note for Business Owners
If you’re running a business, these points aren’t just about your own taxes—they’re about your employees too. Misapplying a tax code can lead to payroll errors, which cost UK businesses millions in fines annually. Use HMRC’s Real Time Information system and double-check each employee’s Tax Code Notice to stay compliant. Whether you’re a sole trader or managing a team, understanding these notices is non-negotiable for financial peace of mind.
Understanding the Role of a Tax Accountant for Employees
In the complex world of taxation, having someone knowledgeable and experienced by your side can be a game-changer. A tax accountant, with an extensive understanding of the UK tax laws, can help streamline your financial affairs and optimize your tax situation, even if you are an employee. While the primary task of filing a tax return might appear straightforward for an employee, several elements require a deeper understanding.
The Expertise of a Tax Accountant
Tax accountants possess an in-depth understanding of the tax system and are updated with the latest changes and amendments in UK tax laws. The British tax code is notoriously complex, but tax accountants have the expertise to navigate its intricacies. They can ensure that you are in compliance with all regulations while also identifying areas where you can minimise your tax liability.
Assistance in Tax Planning
Tax planning is the process of organising your financial affairs in such a way as to minimise your tax liability within the law. A tax accountant can assist you with this, providing guidance on various tax-effective strategies tailored to your personal circumstances. They can advise on the utilisation of tax allowances and reliefs, such as the personal allowance, marriage allowance, or tax relief on pension contributions. An effective tax plan can save you a significant amount of money in the long run.
Ensuring Accurate and Timely Filing
A major part of dealing with taxes is ensuring the timely and accurate filing of tax returns. Missing deadlines or making errors can result in hefty penalties from HM Revenue and Customs (HMRC). A tax accountant can handle all aspects of tax filing for you, ensuring that your tax return is accurate and submitted on time.
Help with Self-Assessment
If you have other income besides your salary – for example, from freelance work, renting out a property, or investments – you may need to complete a Self-Assessment tax return. The process can be confusing, especially when it comes to calculating your income and deductions. A tax accountant can guide you through the process, ensuring that your tax return is correctly completed and all eligible expenses and allowances are claimed.
Advice on Changing Tax Codes
If your tax code changes due to circumstances like having multiple jobs, getting benefits from your job, or owing tax from previous years, it can become complex to understand the deductions made from your pay. A tax accountant can help clarify these changes, ensuring you understand what you're being taxed and why.
Support During HMRC Investigations
If you are unfortunate enough to be selected for an investigation by the HMRC, having a tax accountant can be extremely beneficial. They can help you understand the process, provide all the necessary information to HMRC on your behalf, and challenge HMRC’s decisions if required.
While it's true that many employees may not need a tax accountant for their regular income tax filings, having one can provide significant benefits, especially for those with multiple income sources or more complex tax situations. The peace of mind that comes with knowing your taxes are in professional hands can be invaluable, and any fees incurred can often be offset by the tax savings that a skilled tax accountant can help you achieve.
Engaging a tax accountant for your tax matters, thus, is a decision that should be considered carefully, taking into account your personal financial circumstances and the potential complexity of your tax affairs. It is not merely an expense, but an investment towards financial optimisation and peace of mind.
FAQs
Q1: What happens if someone doesn’t receive a Tax Code Notice?
A1: If someone doesn’t receive a Tax Code Notice, their employer or pension provider will use the tax code provided by HMRC, often the standard 1257L for a single income source. They can check their tax code on their payslip or through their Personal Tax Account on GOV.UK.
Q2: Can someone request a paper Tax Code Notice instead of a digital one?
A2: Yes, individuals can contact HMRC to request a paper Tax Code Notice if they prefer not to use digital services, though HMRC encourages using the online Personal Tax Account for faster access.
Q3: How does a Tax Code Notice differ from a P45 or P60?
A3: A Tax Code Notice specifies the current tax code for PAYE deductions, while a P45 is issued when someone leaves a job, showing earnings and tax paid, and a P60 summarises annual earnings and tax for a job or pension.
Q4: Can a Tax Code Notice be issued for non-employment income?
A4: Tax Code Notices primarily apply to PAYE income like salaries or pensions, but HMRC may adjust a tax code to account for other income, such as untaxed interest or dividends, if reported.
Q5: What should someone do if they lose their Tax Code Notice?
A5: If someone loses their Tax Code Notice, they can find their tax code on their payslip, P60, or by logging into their Personal Tax Account on GOV.UK to view the details.
Q6: How often does HMRC update Tax Code Notices?
A6: HMRC typically issues Tax Code Notices annually before the new tax year or when someone’s circumstances change, such as starting a new job, receiving benefits, or updating their income details.
Q7: Can a Tax Code Notice affect National Insurance contributions?
A7: A Tax Code Notice directly affects income tax deductions, not National Insurance contributions, which are calculated separately based on earnings and employment status.
Q8: What does the ‘M’ or ‘N’ suffix mean in a tax code?
A8: The ‘M’ suffix indicates the individual receives the Marriage Allowance, increasing their tax-free allowance, while ‘N’ means they transfer part of their allowance to their spouse.
Q9: Can someone appeal a Tax Code Notice if they disagree with it?
A9: Yes, individuals can contact HMRC to dispute a Tax Code Notice, providing evidence like payslips or income details to support their case for a correction.
Q10: How does a Tax Code Notice impact tax refunds?
A10: An incorrect tax code on a Tax Code Notice can lead to overpaid tax, which HMRC may refund after correction, either as a lump sum or through adjusted tax codes.
Q11: Can someone have multiple Tax Code Notices for different jobs?
A11: Yes, HMRC may issue separate Tax Code Notices for each job or pension, allocating the personal allowance across them or applying codes like BR or D0 for additional income sources.
Q12: What is the ‘S’ prefix in a tax code?
A12: The ‘S’ prefix indicates the Scottish income tax rates apply, as Scotland has different tax bands, though the personal allowance remains the same as in the rest of the UK.
Q13: Can a Tax Code Notice be sent to an employer directly?
A13: HMRC typically sends Tax Code Notices to the individual, but employers receive tax code updates directly via the Real Time Information system for payroll purposes.
Q14: How does a Tax Code Notice handle student loan repayments?
A14: A Tax Code Notice doesn’t directly include student loan repayments, but HMRC informs employers separately to deduct these based on income thresholds, alongside the tax code.
Q15: Can someone check a previous year’s Tax Code Notice?
A15: Yes, individuals can view past tax codes and notices for up to five years through their Personal Tax Account on GOV.UK, provided they have a Government Gateway ID.
Q16: What does a ‘C’ prefix mean in a tax code?
A16: The ‘C’ prefix indicates Welsh income tax rates apply, though for most taxpayers, the rates and personal allowance align with England and Northern Ireland.
Q17: Can a Tax Code Notice include adjustments for tax owed from previous years?
A17: Yes, HMRC may adjust a tax code to collect underpaid tax from previous years, reducing the tax-free allowance to recover the debt gradually.
Q18: How does a Tax Code Notice affect someone with no taxable income?
A18: If someone has no taxable income, HMRC may not issue a Tax Code Notice, or they may receive an NT code, indicating no tax is deducted from their income.
Q19: Can a Tax Code Notice be issued for a private pension?
A19: Yes, HMRC issues Tax Code Notices for private pensions, applying the appropriate tax code to ensure the correct tax is deducted under PAYE.
Q20: What happens if someone ignores a Tax Code Notice?
A20: Ignoring a Tax Code Notice won’t stop tax deductions, as employers apply the code provided by HMRC, but failing to check it could lead to incorrect tax payments and potential refunds or bills.
About the Author
Mr. Maz Zaheer, FCA, AFA, MAAT, MBA, is the CEO and Chief Accountant of My Tax Accountant and Total Tax Accountants—two of the UK’s leading tax advisory firms. With over 14 years of hands-on experience in UK taxation, Maz is a seasoned expert in advising individuals, SMEs, and corporations on complex tax matters. A Fellow Chartered Accountant and a prolific tax writer, he is widely respected for simplifying intricate tax concepts through his popular articles. His professional insights empower UK taxpayers to navigate their financial obligations with clarity and confidence.
Disclaimer:
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