Q:

What does the tax code 0T CUMUL mean please??

2
Like
Answer
Comment
Flag
Thanks for your feedback!
A:

1 Answer

rank
1
Like
Comment
Flag
Bud is a bit out of date. Code OT now means 20% is deducted. Last year it would have meant that you got all the lower rate band (10%) at that source of income, but since that rate is abolished codes 0T and BR have the same effect, a straight 20% deduction. If this is not a second source of income, you need to contact tax office to get correct code number sorted out.  more
uk.answers.yahoo.com

Related Videos

Add your answer...

Top Related Experts

1.
John Smith
Finance expert · Articles · 0 Likes
2.
Frank Rappa
Business expert · Articles · 2 Likes
3.
Zachary Spuckler
Business expert · Articles · 0 Likes
4.
Abhay Hendre
Business expert · Articles · 0 Likes
5.
Tara Kimball
Finance expert · Articles · 0 Likes

Top Answerers

1.
barbara mory
8 Answers in the past week
2.
tunnel raj
11 Answers in the past week
3.
roland evan
4 Answers in the past week

Top Askers

1.
Maxine Nacy
1 Question in the past week
2.
Ethan Dressie
1 Question in the past week
3.
Angus Miller
1 Question in the past week

Top Supporters

1.
roland evan
4 Likes given in the past week
2.
christina monte
4 Likes given in the past week
3.
Dr. Samuel Lawson
2 Likes given in the past week
...