PAYE Help - why being taxed?
JamesB
Registered Posts: 51 Epic contributor 🐘
6Hi all,
can someone possibly give an answer to the below please, it's been bugging me for days!
-Two directors of a Ltd co take a basic salary of £650 per month each (£7,800 pa).
-Both have standard tax code (944L)
-They use basic RTI package from HMRC
Month1 tax due was £1.38
Month2 tax due was £96.50 and NI £162.63
I thought it would be zero tax for the year and about £6 NI for the year?
Hope someone can work it out and explain!
Thanks,
J
can someone possibly give an answer to the below please, it's been bugging me for days!
-Two directors of a Ltd co take a basic salary of £650 per month each (£7,800 pa).
-Both have standard tax code (944L)
-They use basic RTI package from HMRC
Month1 tax due was £1.38
Month2 tax due was £96.50 and NI £162.63
I thought it would be zero tax for the year and about £6 NI for the year?
Hope someone can work it out and explain!
Thanks,
J
0
Comments
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Only guessing but it doesn't look like the package is recognising them as directors in month 2.
W0 -
Sounds to me statement C has been ticked and using BR code, this may be human error...........check if its BR and change to statement A.....0
