Payroll tax code changes 2014-2015
From Catalyst
Contents
Historic Article
 |
This article has been replaced and is only included in the Knowledge Base for historic reference only. |
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 | PLEASE NOTE: This article is intended as GUIDANCE ONLY. If you have any problems or questions with anything contained in this document, please consult HMRC or your accountant and advise us of any errors or omissions. |
Summary
As per this year's government guidelines on the HMRC website, all L tax codes have been raised by 56 as of 6th April 2014 (i.e. first payroll period of the new year).
 | An Employee with an existing tax code of 944L will now become 1000L. |
For further more detailed information please refer to the HMRC website here.
More Information
Please note that the corresponding drop in the tax threshold from '£34370' to '£31866' is handled by the programme update that you will have run to move from 2013-14 to 2014-15.
Single Tax Code Changes
- To change a single employee's tax code, go to " Payroll Run Payroll Period".
- Select the correct pay period from the selection, e.g. Monthly or Weekly.
- Press the <Down Arrow> to the employee in question.
- Press <Shift+F10>.
- Press <Page-Down> to get to Page 2 and then amend the "Tax Code:" Field accordingly.
- Press <Esc> and <Accept> to complete the change.
Global Tax Code Changes
| The following instructions should be done BEFORE entering any P9T details. For any employee where you have received and entered a P9T, their tax code MUST be checked and changed to match the form. |
- To change tax codes for all employees by a set amount, go to " Payroll Maintenance Options Payroll Settings Global Tax Code Changes".
- Select the suffix you wish to change e.g. 'L' and then enter the amount you wish to raise it by in the "Allow." column.
- Press <F2> to view the proposed changes.
- All employees will be tagged as standard. This can be left as is or you can untag certain employees, e.g. the ones with a P9T form by pressing <U>.
- Press <F2> to finalise the changes and click the [Tagged] or [UnTagged] buttons or press [Cancel] to abort the changes.
See also
