What changes can affect my tax code?
Are you wondering why your tax code has changed? This video explains the key reasons your tax code might be updated - including:
• changes to your income
• starting a second job
• starting to get a pension
• getting or stopping taxable job benefits
We also explain how we adjust your tax-free allowance and what happens if changes occur during the tax year. Keep up to date and make sure you're paying the right amount of tax.
0:00 Introduction
0:23 Why does it need to change
0:37 When does it need to change
1:05 Taxable benefits from your employer
1:44 Further help and support
To subscribe and visit the HMRCgovuk YouTube home page:
/ @hmrcgovuk
Visit GOV.UK
https://www.gov.uk/tax-codes
HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support.
You can use social media for help with general queries relating to any of HMRC’s products and services:
X: https://www.x.com/hmrc
Facebook: / hmrc