you on an emergency tax code?
Emergency Tax Rebate
What is emergency tax?
If you start a new job and your employer does not know what
tax code to put you on, then an emergency tax code may be issued.
Emergency Tax Codes
There are a number of emergency tax codes. You will be able to recognise
if you are on such a code if on your pay slip your tax code has
a suffix or prefix of BR, X, WK1 or MTH1.
When you commence employment for the
first time, your employer should ask you to fill in a P46 form.
Until your employer gets this form back you will be on an emergency
tax code. The consequence of being on one of the emergency tax codes
is that you will only be entitled to the basic personal allowance;
it does not take into account any entitlement to other allowances
or possible reliefs in your monthly pay cheque. If you are put on
an emergency tax code it will be applied from the first week, meaning
that earnings will be ignored from previous months and each pay
period is looked at individually.
How much is Emergency Tax?
Until your employer receives your P46 form back they will be forced
to keep you on an emergency tax code. Many people ask us ‘How much
is Emergency Tax?’ It is tax at the full 22% basic rate, which will
be deducted from your pay.
What do I need to do if emergency tax affects me?
If you have been paying emergency tax or have done so anytime in
the last 6 years and want to Claim
Your Emergency Tax Back, simply
contact one of our agents who will be more then happy to help.