Daily Archives: March 16, 2010
I’ve just received a notice of my next year’s tax coding (next UK tax year starts on April 6th). HMRC are famously messing up on many of these, but in my case I thought it could just carry through from last year – too simple to mess up.
Tax code D0. Huh? What’s that? It’s a penalty rate! Bugrthat!!!
In smaller print, I see it refers to my income from WebThing. Well, my income from WebThing over the past two years (since joining Sun) has been a whopping £0.00, so I guess I can cope with paying a high percentage in tax ;) But it does mean that if WebThing were to start paying me again, the government would take 66 pence for every £1 salary, from the very first pound. Ouch!
No mention of what tax code they’ve told Sun and/or Oracle, so there’s hope they’ve got that right. Guess it means I’m tied to Oracle with shackles of red tape, no matter what happens.