NEW D1 TAX CODE TO BE INTRODUCED FOR ADDITIONAL RATE TAX PAYERS

07 October 2010

HMRC have confirmed that they can now issue a new D1 tax code for use where a tax payer has a subsidiary source of employment income liable to tax at 50%.

For the 2011/2012 tax year a new D1 tax code will be issued for all those individuals affected.  The D1 tax code will start to be issued on forms P9 for Annual Coding in advance of the start of the tax year.

 

For further details view Notes for Software Developers.