MARTIN Lewis has urged taxpayers to check their codes as they could be owed thousands. The Martin Lewis Money Show, returned for the first time this year airing the seventh episode of its 12th seri…
However, you could also be paying too little and would therefore owe money - you must pay this to the tax office unfortunately.
"Get online and check your tax code is right - you might be owed money or it might stop you having to pay even more back in the future."the government's £900 cost of living payment. HMRC should, normally, update your tax code when your income changes. They should receive this information from your employer.Of course, HMRC won't know if you have the wrong tax code so will continue deducting what it thinks is the correct amount from your pay.As Martin said, you can use tools to check whether yours is incorrect such as one on the government's website.
If you have paid too much or too little tax, HMRC will send you either a tax calculation letter, also known as a P800, or a Simple Assessment letter.You might be able to request the refund online, but you'll need your Government Gateway user ID and password.
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