Tax code reductions

3 mins

You may have heard of the term Tax Code Reduction but have absolutely no idea what it means! Don’t worry, we at DSR Tax Refunds know just how utterly baffling taxation regulations can be and that is why we want to bring our expertise to you, to guide you through the maze of different terms and regulations. After all, if you don’t know what all these regulations are and how they apply to you, how do you know if you are paying too much tax? If you get to the bottom of the guide and you’re still unsure of whether this applies to you, our friendly and helpful team are ready to help – just give them a call on 0330 122 9972.

What are tax code reductions?
Sometimes HMRC will change your tax code to reduce your personal allowance. This means that you will pay more tax while this tax code reduction is in place. if you think that you are paying more tax than you should due to a tax code reduction, give us a call on 0330 122 9972 and let us sort it out for you.
Causes of tax code reductions
The idea behind tax code reductions is to reduce your personal allowance so that you pay more tax. Now that might be because you have an additional source of income, because you are in tax arrears or because you receive what are called “taxable benefits”.
Common causes of tax code reductions are:

Hopefully this explanation of tax code reductions has been helpful but if you have any questions about your tax code and any reductions applied to it then give our team of experts a call on 0330 122 9972 – we might even be able to get you a refund of the extra tax you have paid. We aim to get your maximum refund fast!

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Our experts have collected an extensive range of handy informational resources across a number of common taxation areas. If you can’t find what you are looking for here, check out our Resources section.

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