tax code BR what does it mean it appears on my payslip?

Question

I started my new job six months ago and I get paid £1000 more annually in my new job but for some reason I am get taxed more then my pervious job and even though I am get paid more in my new job I am receive less then what I use to after tax.

My tax code is BR, am I on emergency tax. I did fill in a tax form when I started my new job. I think I might be entitled to tax refund how do I apply for one.

Answer 1

Tax code BR means that ALL of your income is being taxed. A tax code of BR is usually used for a second job.

The emergency tax code (503L) means you get your first £5035 in a year tax free (but this is averaged over 12 months, so you'll get 5035/12 tax free per month, after which you will be taxed).

BR tax code means you aren't getting this tax free amount.

Edit:
For clarification and to correct some of the other responses. BR is NOT an emergency code. The emergency tax code is 503L.

Answer 2

Br Tax Code

Answer 3

Tax Code Br

Answer 4

BR means that you pay tax at the basic rate of 22% on all of your earnings. The form that you filled in when you started work was a P46 which your employer would have sent to the tax man. He should then issue a tax code to yout employer. However if you have another job and a tax code in operation then you will not be entitled to a second code. Chase your employer to push the Tax Office as they can be slow to react. Once your employer operates the code you should receive a tax rebate.
The basic tax free allowance for individuals is £5035 for this tax year. This equates to a tax code of 503L. Each month you are allowed to earn one twelfth of this without paying tax. One twelfth of £5,035 is approximately £420 so if you have been earning more than this you will have been paying tax at 22% of this and will be entitled to a tax refund of around £92 for every month worked.

Answer 5

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RE:
tax code BR what does it mean it appears on my payslip?
I started my new job six months ago and I get paid £1000 more annually in my new job but for some reason I am get taxed more then my pervious job and even though I am get paid more in my new job I am receive less then what I use to after tax.

My tax code is BR, am I on emergency tax. I did...

Answer 6

Emergency tax is usually noted as X on the tax code and states 'week 1 month 1'. BR stands for basic rate tax. xx

Answer 7

BR means you're being taxed at the Basic Rate. This code is most often used for a second job.

The emergency code is 503L W1.

If it isn't a second job, query with your payroll department why you are being taxed on BR.
If your payroll department don't sort it, ring the local tax office.

Answer 8

I am in full time employment and in addition to my monthly wage I have just started to receive a small monthly pension. The letter from the pension company stated that my tax code would be BR and my tax would be 20%.

This seems quite normal as I receive my allowance through my full time employment and my small pension is classed as a second income.

Peter

Answer 9

Six months is a long time to be on emergency tax. When you started your new job you will have given a copy of your P45 your new employer who should have sent their copy to the Inland Revenue. The Inland revenue should have then sent a tax code notification to your new employer so you could be taxed based on this tax code. All the extra tax you paid through emergency tax will be refunded to you through your wages as soon as the new tax code is implemented.
Speak to your employer, see if a tax code has been received from the IR and if not (possible that they have not bothered sending your P45 copy or the IR have lost it) ask your employer to sort it out as soon as pos. Can also phone up the IR yourself and explain what you have said and they may be able to deal with it but you will need all your employer's details, name address, employer's PAYE reference.
Hope this helps!!

Answer 10

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What code number was on your form P45 that you gave employer? You should have retained form P45/1A, and it will be on there. If necessary give employer photocopy of that, and ask what there is to sort out. If still no joy, contact tax office, and ask them to send employer form P2 (formal notice of correct code number) NB. On code BR, tax deduction should be 20%.