When processing M1 do you keep the same tax codes as previous tax year but remove the M1 flag unless notified otherwise
When processing M1 do you keep the same tax codes as previous tax year but remove the M1 flag unless notified otherwise
Hi Marianne,
That's correct as per this article: Update employee tax codes and this P9X notice from HMRC
If this helps, please let me know by clicking Verify Answer.
Andy,
Sage UKI
Hi Marianne , as the government has frozen the personal tax allowance until 2031 the standard tax code for most employees will be 1257L an will remain same for 2026/2027 tax year. this gives an allowance of £12570
As Andy has shared below you may receive notices from HMRC to make changes to individuals where they have had a change of circumstances such as additional benefits or a recalculation for incorrect previous PAYE but for most Employees they should be on same tax code in new year as they were in the last
Regards
Steve Watmore
*Community Hub is the new name for Sage City