PAYE11040 - Coding: codes: how they are used and calculated: P2 standard notes
There are a number of standard notes that explain how a customer’s tax code is made up. The standard notes are generated automatically based on the allowances and deductions in the customer's code. The table below gives a list of coding descriptors and the explanatory note. All the notes will be numbered consecutively on the Notice of Coding (P2), if personal allowances are present these will be note 1.
If married couple’s allowance is present in the code this will be note 2. The allowance restriction is not shown on the P2, the note explains what the married couple’s allowance is worth in terms of tax and how the figure included in their code will give them their entitlement. The PAYE Service will display married couple’s allowance and the allowance restriction but the P2 will only show the married couple’s allowance net figure (the married couple’s allowance figure minus the allowance restriction).
The P2 should correctly display the net allowance for example - married couple’s allowance in 2009-2010 6965 minus allowance restriction 3482 = net allowance 3483.
The correct standard married couple’s allowance message on the P2 in this case should display
- Married couple’s allowance is due if either spouse was born before 6 April 1935. The maximum allowance is worth £696.50 but this can be reduced to £267.00 depending on the level of your total income. It is worth £696.50 to you over the year. You get the married couple’s allowance of £696.50 by having 3483 included in your tax free amount
Subsequent note numbers will vary depending on the customers’ circumstances. Most pensioners’ personal allowances note will refer to their age and an estimated income figure and point to the final note, which says when a change to this figure will affect their age-related personal allowances.
If a customer is approaching pension age or is a man over 65 or a woman over 60 there are 3 advisory notes that can be added to remind them to check that their employer stops or is no longer deducting NIC from their income. For example
- If the individual is between 60 and 65 at the date of issue and their title is Ms, Mrs or Miss, the appropriate note would read ‘Please check your payment advice to make sure [Employer Name] has not taken off National Insurance contributions’
The final numbered note explains how the tax free amount for codes with positive net allowances is spread over the whole year resulting in X amount a week or month tax free. For K codes the note will show how the ‘tax is due on’ figure is collected at X amount a week or month.
The final note also shows how much will be charged at the different tax bands and when the higher rate band starts.
The table is presented as follows
Allowances
Reliefs and Expenses
Deductions
Allowances
| Item | P2 Description | P2 Standard Note |
| Allowances allocated here | Allowances allocated here | We know you have another job, or pension (you may get a notice of coding for that job, or pension too). We have used some of your allowances to give you a tax free amount at this job or pension. |
| Blind Person’s Allowance | Blind person's allowance | You are entitled to Blind Person’s allowance if you are certified as blind and are on your local authority’s register. (The rules are a bit different if you live in Scotland or Northern Ireland).If you do not earn enough to pay tax and you are married or in a registered civil partnership you can transfer any part of the allowance that you do not need to your spouse or civil partner.Similarly if your spouse or civil partner is entitled to the allowance and does not need it all, they can transfer the surplus to you. |
| Personal allowance | Your personal allowance | The law allows everyone who lives in the UK to receive some income before tax has to be paid - a 'tax free amount' of income.That tax free amount starts from a 'personal allowance' that depends on your circumstances.Our records tell us you are entitled to [PA AMOUNT] for this tax year, the standard personal allowance for people who will be under 65 at 5th April [TAX YEAR END DATE]. |
| Personal allowance (aged 65-74) | Your personal allowance | The law allows everyone who lives in the UK to receive some income before tax has to be paid - a ''tax free amount'' of income. That tax free amount starts from a 'personal allowance' that depends on your circumstances. We believe you are entitled to £[PA AMOUNT] for this tax year. £[PA AMOUNT] is the personal allowance for people who are between 65 and 74 at 5 April [TAX YEAR END DATE] with an estimated total income of £[ESTINC]. But please read note [FINAL NOTE No] as well which tells you when to contact us if your income is likely to change. |
| Personal allowance (aged 75 and over) | Your personal allowance | The law allows everyone who lives in the UK to receive some income before tax has to be paid - a “tax free amount” of income.That tax free amount starts from a “personal allowance” that depends on your circumstances. We believe you are entitled to £ [PA AMOUNT] for this tax year. £[PA AMOUNT] is the personal allowance for people who are over 75 at 5 April [TAX YEAR END DATE] with total income for the year less than £[MIN AGE INCOME LIMIT]. But please read note [FINAL NOTE No] as well which tells you when to contact us if your income is likely to change. |
| Married Couple’s allowance (aged 75 and over and one of couple born before 6 April 1935) | Married couple's allowance | Married couple’s allowance is due if either spouse was born before 6 April 1935.The maximum allowance is worth [married allowance full rate x 10%] but this can be reduced to [married allowance min rate x 10%] depending on the level of your total income.It is worth [MARRIED COUPLES ALLOWANCE x 10%] to you over the year.You get the married couple’s allowance of £[MARRIED COUPLES ALLOWANCE x 10%] by having [MARRIED COUPLES ALLOWANCE - ALLOWANCE RESTRICTION] included in your tax free amount. |
| Married Couple’s allowance (one of couple born before 6 April 1935 and date of marriage or civil partnership on or after 5 December 2005) | Married couple's allowance | Married Couple’s Allowance is due if either of you were born before 6 April 1935.The maximum allowance is worth [O75 Married Allowance full rate x 10%] if either of you are over 75 and [U75 Married Allowance full rate x 10%] if you are both under 75.You can share the minimum part of this allowance with your spouse or civil partner. This allowance can be reduced to [Married Allowance min rate x 10%] depending on the level of your total income, or that of your spouse or civil partner, whichever is the higher.It is worth [Married Couples ALLOWANCE x 10%] to you over the year.You get this allowance of £[Married Couples Allowance x 10%] by having [Married Couples Allowance - ALLOWANCE RESTRICTION] included in your tax free amount. |
| Wife’s Married Couple’s allowance (Form 18 election made) | Married couple's allowance | You and your husband have agreed you will have the minimum married couple’s allowance. It is worth £[WIFES MARRIED ALLOWANCE x 10%] to you. You get this by having [WIFES MARRIED ALLOWANCE] included in your tax free amount.OrYou or your husband have chosen to have half the minimum married couple’s allowance each. It is worth £[WIFES MARRIED ALLOWANCE x 10%] to you. You get this by having [WIFES MARRIED ALLOWANCE - ALLOWANCE RESTRICTION] included in your tax free amount. |
| Surplus Married Couple’s allowance from husband | Married couple's allowance from your husband | We believe your husband does not need all his married couple’s allowance to stop him paying tax - we have provisionally given the balance to you. It is worth £[MARRIED ALLOWANCE x 10%] to you.You get the married couple’s allowance of £[MARRIED COUPLES ALLOWANCE x 10%] by having [MARRIED COUPLES ALLOWANCE - ALLOWANCE RESTRICTION] included in your tax free amount. |
| Surplus Married Couple’s allowance transferred to wife | Married couple's allowance transferred to your wife | We do not expect your total income to be more than £[NET TAX ALLOWANCES - MARRIED ALLOWANCE TRANSFERRED]. So you will not need all of the married couple’s allowance to stop you paying tax at [EMPLOYER NAME].You have asked us to transfer the rest to your wife and we have arranged for £ [MARRIED ALLOWANCE TRANSFERRED] to be provisionally given to her. Please let us know if our estimate of your earnings is too low. |
Reliefs and Expenses
| Item | P2 Description | P2 Standard Note |
| Concessional Relief | Concessional relief | We have previously agreed that you are entitled to this tax relief. If you think our figure is wrong, or your circumstances have changed, please tell us. |
| Trade Union/Friendly Society or Widows and Orphans | Death, sickness or funeral benefits | We have included £ [ALLOWANCE VALUE] for half of any trade union subscriptions you pay for death benefits, for part of any premiums on some friendly society policies providing death and sickness benefits, and for any extra widows and orphans payments you may have to make. Please tell us if you think this figure is wrong. |
| Double Taxation Relief | Double taxation relief | We have previously agreed that you are entitled to this tax relief. If you think our figure is wrong, or your circumstances have changed, please tell us. |
| Enterprise Investment Scheme | Enterprise investment relief | Please tell us if you think this figure is wrong, or the relief is no longer due. |
| Flat Rate Job Expenses | Flat rate job expenses | HM Revenue and Customs has agreed with the union that £(allowance value) is the amount you are likely to have to pay out doing this job. You don't have to be a member of the union to get this. |
| Job Expenses | Job expenses | We have included £(allowance value) because you have previously claimed that amount against tax. We will carry on including this in your tax free amount unless you tell us it has changed. |
| Professional Subscriptions | Professional subscriptions | You have previously claimed £[ALLOWANCE VALUE] for the subscriptions you pay to your professional body. We have approved this and will carry on putting £[ALLOWANCE VALUE] in your tax free amount unless you tell us it has changed. If it has, any new or additional payments must be made to a professional body HM Revenue and Customs recognises; we will check. |
| Foreign Pension Allowance | Foreign pension allowance | We have previously agreed that you are entitled to this tax relief. If you think our figure is wrong, or your circumstances have changed, please tell us. |
| Gift Aid payments | Gift aid payments | Because we expect you to pay tax at [HIGHER TAX RATE] % we have included £ [ALLOWANCE VALUE] in your tax free amount - this will give you higher rate tax relief on your Gift Aid payments. (The charity may ask you to give a declaration that you are a UK individual.) If your payments will be higher, or lower, this year please let us know; your code will need changing. |
| Personal Pension Relief | Higher rate tax relief on pensions you're paying into | The payments you make for a personal pension when you retire are made after basic rate (basic rate band)% tax relief but, because we expect you to pay tax at (higher rate band)% this year, you are entitled to further relief. We have included £(allowance value) in your tax free amount to give you this further tax relief. If you have stopped paying, or the amount has changed, please tell us. |
| Loan Interest | Loan interest | We have included £(loan interest) for the loan interest we expect you to pay this year.If you will pay off the loan during this year or if you think our figure is wrong please tell us and we will change your code. |
| Loss | Loss relief | We have previously agreed that you are entitled to loss relief. If you think our figure is wrong, or your circumstances have changed, please tell us. |
| Maintenance Payments (one of couple born before 6 April 1935) | Maintenance payments | Tax relief for the maintenance you pay is worth £(maintenance allowance x 10%) to you. You get this by having £(maintenance allowance) included in your tax free amount.This relief will end when your payments stop or, if they’re for a child, when that child reaches 21. If you think our figures are wrong, please tell us. |
| Retirement Annuity Payments | Payments towards a retirement annuity | We have included the £ [ALLOWANCE AMOUNT] you told us you pay each year towards a retirement annuity. If you have stopped paying, or the amount has changed, please tell us. |
Deductions
| Item | P2 Description | P2 Standard Note |
| Adjustment to basic rate bandUp to 2010-11 | Adjustment to Basic rate band | The way the tax tables that employers use work means [EMPLOYER NAME] and your other employer will both tax you at [BASIC RATE %]% on £[BASIC RATE BAND].Without this adjustment you would pay too little tax at [HIGHER RATE %]% and too much at [BASIC RATE%]%, so that at the end of the year you would owe tax.This should sort it out. Please phone if you would like us to talk this through with you. |
| Adjustment to tax rate bandsFrom the 2011-12 tax year onwards | Adjustment to tax rate bands | Where you have more than one employment or pension, the way the tax tables that employers use work means that too little tax can sometimes be deducted if some of your income is taxable at higher tax rates.Without this adjustment you would pay too little tax so that at the end of the year you would owe tax. Please phone if you would like us to talk this through with you. |
| Personal Pension Annuity | Annuity | This is the amount of pension annuity we expect you to receive in the year to 5 April [TAX YEAR END DATE].Please contact us if you think our figure is wrong. |
| Balancing Charge | Balancing charge | Please contact us if you think our figure is wrong. |
| Married Couple’s Allowance to wife (Form 18 election made) | Married couple's allowance to your wife | You or your wife have chosen to have half the minimum married couple’s allowance each so [MARRIED ALLOWANCE TO WIFE] comes off your tax free amount.OrYou and your wife have agreed that she will have the minimum married couple’s allowance so [MARRIED ALLOWANCE TO WIFE] comes off your tax free amount. |
| Service Benefit | Service benefit | Please contact us if you think our figure is wrong. |
| There are a number of car benefit notes depending on the circumstances of the customer record.The car benefit notes are summarised below | ||
| Car in codeP2 issue for CY | Car benefit | We understand you have now, or previously, had a company car from your employer. You have to pay tax on the benefit of using an employer’s car for your private motoring. By taking into account the
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| Car in codeCAR DISCOUNT special note selectedP2 issue for CY | Car benefit | We understand you have now, or previously, had a company car from your employer. You have to pay tax on the benefit of using an employer’s car for your private motoring. By taking into account the
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| Carin codeNEW CAR special note selectedP2 issue for CY | Car benefit | We understand you now have a company car from your employer. You have to pay tax on the benefit of using an employer’s car for your private motoring. By taking into account the
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| Car in codeCAR DISCOUNT and NEW CAR special notes selectedP2 issue CY | Car benefit | We understand you now have the use of a company car from your employer. You have to pay tax on the benefit of using that car for your private motoring. By taking into account the
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| Carin codeP2 issue for CY+1 | Car benefit | We understand you have a company car from [EMPLOYER NAME]. You have to pay tax on the benefit of using that car for your private motoring. By taking into account the:
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| Car in code, Leaver recordP2 issue for CY+1 | Car benefit | We understand you had a company car at your previous employment and we have assumed your next employer will also provide one. You have to pay tax on the benefit of using an employer’s car for your private motoring. By taking into account the
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| Carin codeCAR DISCOUNT special note selectedP2 issue for CY+1 | Car benefit | We understand you have a company car from [EMPLOYER NAME]. You have to pay tax on the benefit of using that car for your private motoring. By taking into account the
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| Car in codeLeaver recordCAR DISCOUNT special note selectedP2 issue for CY+1 | Car benefit | We understand you had a company car from your previous employer and we have assumed your next employer will also provide one. You have to pay tax on the benefit of using an employer’s car for your private motoring. By taking into account the
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| Car Fuel and Carin code | Fuel benefit | We also understand that you get free fuel for your private motoring in the car. You will have to pay tax on this benefit, too, which is worked out by multiplying [CAR FUEL BENEFIT MULTIPLIER] by the fixed percentage based on its CO( emissions. We have worked out this benefit to be £ [DEDUCTION VALUE]. If you want to check our figure please contact us or go to our web site. If you think we have got it wrong, please tell us.(We work out the benefit differently if your company car was registered before 1 January 1998 - please contact us if you need this information.) |
| Car Fuel but no car benefit in code | Fuel benefit | We understand that you get free fuel for your private motoring in the car. You will have to pay tax on this benefit, which is worked out by multiplying [CAR FUEL BENEFIT MULTIPLIER] by the fixed percentage based on its CO( emissions. We have worked out the benefit to be £ [DEDUCTION VALUE]. If you want to check our figure please contact us or go to www.hmrc.gov.uk/cars. If you think we have got it wrong, please tell us.(We work out the benefit differently if your company car was registered before 1 January 1998 - please contact us if you need this information.) |
| Gift Aid Adjustment | Gift aid adjustment | We know you make payments to charity under Gift Aid but our estimate of your income suggests you won’t pay enough tax this year to match the tax the charity will reclaim from us. So we have reduced your tax free amount by £(deduction value) to make up the difference. Please contact us if you would like us to tell you more about this. |
| Commission | Commission | £[DEDUCTION VALUE] is an estimate of the amount we think you will earn in commission this year.That £[DEDUCTION VALUE] is also taxable. So we have set aside £[DEDUCTION VALUE] of your tax free amount, so that your commission can be paid to you without tax being taken off.Please tell us if you think our figure is wrong. |
| Benefits in Kind | *Employer benefits, or **Other employer benefits*If there is a first benefit present in the customer's tax code.**If any of the other benefits (Car, Van, fuel, Beneficial loan, Medical Insurance, Telephone or Taxable Expenses Payment) appear before Benefits in kind. | You have to pay tax on the value to you of benefits, or expenses, provided by your employer [EMPLOYER NAME]. If you want to know precisely how we have worked out £[DEDUCTION VALUE], please contact us. |
| Job Seeker’s Allowance | Estimated Jobseeker's allowance | You have told us you expect to have breaks in your employment this year and that you will be claiming Jobseeker’s allowance. The allowance is taxable so we have included an estimate. If you think our figure is wrong, or you will not be claiming the allowance, please let us know. |
| Forces Pension | Forces pension | This is the amount of forces pension we have estimated you will be receiving in the year to 5 April (tax year end date). Please tell us if think our figure is wrong. |
| Untaxed Interest | Interest without tax taken off (gross interest) | We know interest is paid to you, without tax being taken off it first. But it is taxable so we have set aside some of your tax free amount to take care of the tax due on it.The estimated figure we have included may be slightly lower than you would expect. This is because tax on interest is due at a special rate, [SAVINGS TAX RATE]% (if your total income is between £[NET CODING ALLOWANCES + LOWER RATE BAND] and [NET CODING ALLOWANCES + LOWER RATE BAND + BASIC RATE BAND]).If we did not lower the estimate you would pay too much tax on your interest.Please contact us if you would like us to tell you more about this. |
| Beneficial Loan | Loan from your employer | You have to pay tax on the benefit of paying no interest, or interest at less than the official interest rate, on your loan from [EMPLOYER NAME]. [DEDUCTION VALUE] is the difference between the interest you pay and what you would pay if interest was charged at the official rate. |
| Medical Insurance | Medical insurance | You have to pay tax because [Employer name] pay, or provide, private medical insurance for you. |
| Allowances Allocated Here | Other earnings (or pension) | We have set £[DEDUCTION VALUE] of your tax free amount against your other earnings or pensions.We will check at the end of the year that you have paid the right amount of tax. |
| Other Earnings (Not Earnings) | Other earnings | £[DEDUCTION VALUE] is our estimate of your other earnings, apart from your [EMPLOYER NAME] employment or pension. These earnings are taxable but no tax will be taken off during the year.Instead we have set aside £[DEDUCTION VALUE] of your tax free amount to take care of the tax due.Please tell us if you think our estimate is wrong. |
| Other Earnings (Earned Income) | Other earnings | We have set £ [DEDUCTION VALUE] of your tax free amount aside, so that your other earnings can be paid to you without tax being taken off (up to £[DEDUCTION VALUE]).But if they turn out to be more than £[DEDUCTION VALUE] they will be taxed; we will check at the end of the year. |
| Other Income (not earnings) for example untaxed investment income or foreign income | Other income (not earnings) | We have set aside £[DEDUCTION VALUE] of your tax free amount to cover the tax due on our estimate of your other income.Please tell us if our figure is wrong; you could pay the wrong amount of tax. |
| Occupational Pension | Other pension | This is the amount we estimate you will receive in the year to 5 April [tax year end date].Please tell us if you think our figure is wrong. |
| Part Time Earnings | Part time earnings | £ [DEDUCTION VALUE] is an estimate of the amount we think you will earn at your other employment(s) this year. That £ [DEDUCTION VALUE] is also taxable. We have set £ [DEDUCTION VALUE] of your tax free amount aside, so that your other earnings can be paid to you without tax being taken off. |
| Non cash benefit | Previous employer benefits | You have to pay tax on the value of benefits, or expenses provided to you by a previous employer. This benefit is taxable but your previous employer who pays it to you, cannot take tax off the payments before they are made. We have set [DEDUCTION VALUE] of your tax free amount aside to collect the tax due. If you want to know how we have worked this out, please contact us. |
| Property Income | Property income | The income you get from the property, or land, you let is taxable. We have included an estimate of what we think you will receive this year.We have set £[DEDUCTION VALUE] of your tax free amount aside, to take care of the tax due on it.Please tell us if you think our figure is wrong. |
| Public Service Pension | Public services pension | This is the amount of public services pension we estimate you will receive this year.Please tell us if think our figure is wrong. |
| Underpayment Amount | Reduction to collect unpaid tax £(tax unpaid) | You owe £ [UPC VALUE] tax from a previous tax year - you may remember us telling you about this before.By reducing your tax free amount by £ [UPR VALUE] we expect you to pay tax at [LOWER RATE] % (tax rates are explained in note [Final Note No] below) on an extra £ [UPR VALUE] this year, which should collect the amount you owe (£[UPR VALUE] at £[LOWER RATE]% is £[UPC VALUE]).Note: the P2 note will show the variations of rate for basic rate and higher rate customers; the notes will read £[BASIC RATE] and £[FIRST HIGHER RATE] AND [SECOND HIGHER RATE] respectively. |
| Outstanding Debt amount | Reduction to collect unpaid SA Self Assessment Outstanding Debt | You owe £ [ODC VALUE] self assessment tax. We have written to you previously asking for payment of this amount. We told you that if you did not pay what is due then we would collect it by adjusting your tax code.By reducing your tax free amount £ [ODR VALUE] we expect you to pay tax at [LOWER RATE] % (tax rates are explained in note [Final Note No] below) on an extra £ [ODR VALUE] this year, which should collect the amount you owe (£ [ODR VALUE] at [LOWER RATE] % is £ [ODC VALUE]).Note: the P2 note will show the variations of rate for basic rate and higher rate customers; the notes will read £ [BASIC RATE] and £ [FIRST HIGHER RATE] and [SECOND HIGHER RATE] respectively. |
| Outstanding Debt amount | Reduction to collect overpaid TC Tax Credit Outstanding Debt | You owe [ODC VALUE] overpaid tax credit. We have written to you previously asking for payment of this amount. We told you that if not pay what is due then we would collect it by adjusting your tax code.By reducing your tax free amount by £ [ODR VALUE] we expect you to pay tax at [LOWER RATE] % (tax rates are explained in note [Final Note No] below) on an extra £ [ODR VALUE] this year, which should collect the amount you owe (£ [ODR VALUE] at [LOWER RATE] % is £ [ODC VALUE]).Note: the P2 note will show the variations of rate for basic rate and higher rate customers; the notes will read £ [BASIC RATE] and £ [FIRST HIGHER RATE] and [SECOND HIGHER RATE] respectively. |
| Outstanding Debt amount | Reduction to collect unpaid SA Self Assessment Tax and overpaid TC Tax Credit | You owe £ [SA ODC VALUE] self assessment tax and £ [TC ODC VALUE] overpaid tax credit totalling £ [SA and TC ODC VALUE]. We have written to you previously asking for payment of this amount. We told you that if you did not pay what is due then we would collect it by adjusting your tax code.By reducing your tax free amount by £ [ODR VALUE] we expect you to pay tax at [LOWER RATE] % (tax rates are explained in note [Final Note No] below) on an extra £ [ODR VALUE] this year, which should collect the amount you owe (£ [ODR VALUE] at [LOWER RATE] % is £ [ODC VALUE]).Note: the P2 note will show the variations of rate for basic rate and higher rate customers; the notes will read £ [BASIC RATE] and £ [FIRST HIGHER RATE] and [SECOND HIGHER RATE] respectively. |
| Savings income taxable at higher rate | Savings income taxable at Higher rates | Savings income - that is interest from banks or building societies etc or company dividends - is usually taxed before it is paid to you (tax at [SAVINGS RATE]% on interest and [LOWER RATE]% on dividends).As you will be paying some of your tax at [HIGHER RATE]%, extra tax will be due on your savings income.Making this adjustment to your tax free amount collects the extra tax. You can make this payment directly if you prefer; if so, please contact us. |
| Taxable Expenses Payment | Taxable expenses payments | These are for expenses payments made by [employer name] (and any previous employer in this tax year) for expenses such as using your own car or telephone on your employer's business. |
| Incapacity Benefit | Taxable incapacity benefit | We have included an estimate of the benefit you are likely to receive this year.If you think our figure is wrong please tell us. |
| Telephone | Telephone | You are taxable on the value to you of your employer, [employer name ](and any previous employer in this tax year), paying your home telephone expenses.Please contact us if you want to know precisely how this is worked out. |
| Tips | TIPS | £[DEDUCTION VALUE] is an estimate of the amount we think you will earn in tips this year.That £[DEDUCTION VALUE] is also taxable. So we have set £[DEDUCTION VALUE] of your tax free amount aside to take care of the tax due on your tips.Please tell us if you think our figure is wrong. |
| Van Benefit | Van benefit | You have to pay tax on the value to you of using your employer’s van privately. We believe
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| Van Fuel(where Van Benefit in code) | Fuel benefit | We understand that you get free fuel for your private motoring in a company van. You will have to pay tax on this benefit, too. Where fuel is provided for motoring in a company van a standard amount of [VAN FUEL] will apply. We have worked out the benefit to be £ [DEDUCTION VALUE]. If you want to check our figure please contact us or go to our web site. If you think we have got it wrong, please tell us. |
| Fuel(Van + Car in code) | Fuel benefit | We also understand that you get free fuel for your private motoring. You will have to pay tax on this benefit, too. Fuel for motoring in the car is worked out by multiplying [CAR FUEL BENEFIT MULTIPLIER] by the fixed percentage based on its CO2 emissions. If fuel is provided for motoring in the company van a standard amount of [VAN FUEL] will apply. If fuel is provided for your car and van we will add the amounts together. We have worked out this benefit to be £ [DEDUCTION VALUE]. If you want to check our figure please contact us or go to our web site. If you think we have got it wrong, please tell us.(We work out the benefit differently if your company car was registered before 1 January 1998 - please contact us if you need this information.) |
| Widow’s and Orphans Adjustment | Widow's and orphan's adjustment | Please contact us if you think our figure is wrong. |
| State Pension/State Benefit(See the table of special notes for information about using the special notes EST NIB, NEW NIB and NEW BENEFIT with state pension). | Your state pension/state benefits | We know you receive the state pension or another taxable state benefit and we have estimated you will receive £ [DEDUCTION VALUE] this year. The pension or state benefit is taxable but the Department for Work and Pensions, who pay it to you, cannot take tax off the payments. So we have used some of your tax free amount to take care of the tax due on your state pension or benefits £ [DEDUCTION VALUE]. |
