Play all audios:
EMPLOYEES ACROSS THE UK ARE BEING URGED TO CAREFULLY CHECK THE TAX CODES LISTED IN LETTERS FROM HMRC, AS ERRORS COULD LEAD TO OVERPAID OR UNDERPAID TAX. 13:09, 02 Jun 2025 UK households have
been urged to check a tax code on their P60 letter as workers could be owed £700. Employees across the UK are being urged to carefully check the tax codes listed in letters from HMRC, as
errors could lead to overpaid or underpaid tax. This reminder comes shortly after the May 31 deadline, by which all employers were required to issue P60 forms to staff who were employed with
them as of 5 April, the end of the tax year. A P60 is an official summary of an employee’s pay and the tax deducted over the course of the tax year. It's a key financial document and
should never be thrown away. READ MORE SMART MOTORWAYS COULD BE SCRAPPED FROM ENGLAND ENTIRELY Employers must provide these forms either electronically or on paper, and workers are advised
to review the details, particularly their tax code, to ensure it's accurate. An incorrect tax code could result in paying too much or too little tax, potentially affecting your
take-home pay or future liabilities. Article continues below If you believe your tax code is incorrect, contact HMRC as soon as possible to have it reviewed and corrected. HMRC states:
"Your P60 shows the tax you've paid on your salary in the tax year (April 6 to April 5). "You get a separate P60 for each of your jobs every tax year." In general, a tax
code that includes the letter “L” means you're receiving the standard personal allowance of £12,570. If your code doesn’t include an “L,” it could mean that no allowance is being
applied — potentially reducing your take-home pay. Article continues below Not all unusual codes are errors. These codes can appear legitimately under certain circumstances. If you spot a
code you're unsure about, it's worth double-checking with HMRC or a tax advisor. Verifying your tax code now could prevent issues later — and may even help you reclaim overpaid
tax.