Personal Allowance

[woodchopper]

Got a letter from HMRC saying I didnt pay enough tax - £50 to be precise - so they drop my tax code for next year by £264.

Is that correct - thought it was a bit steep

[newmodarmy]

20% of £264 = £52.80 so it's pretty close  

[barry1010]

Yes, it's correct.

[woodchopper]

Many thanks.

[Maydup]

Shame, would have been nice to have had the option to just pay the £50 and a clean slate.