Archive for April 4th, 2011

From 6 April 2011, the new Income Tax (Pay as You Earn) Regulations 2011 come into force affecting the calculation of payments made after the issue of a P45 which are currently based on basic rate tax. The change means that the employer will be required to apply the the 0T tax code through PAYE on a “non-cumulative” basis and will be liable to HMRC for any discrepancy. More about tax code 0T at HMRC.


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