Employers: revised date to implement Budget changes
The Chancellor announced that the 2003 Budget will be on Wednesday 9 April. Employers and pension providers will be asked to put into effect any consequent changes to codes and tax tables on the first pay day after 14 June 2003, backdated to the start of the tax year.
As an Employer this means;
- Any revised notices of coding will be issued early in June. You should make any P6 PAYE code changes on the first pay day after 14 June 2003
- If you have been sent new tax tables for 2003-04 (either as paper or in electronic form as a CD ROM), you should use them after 14 June 2003
- From 14 June onwards you should apply any tax codes changed
by the Budget
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