Will someone please tell me I'm not going mad.
I received my payslip today and my monthly tax has gone down by 140. Upon querying with Personnel they confirm this is because of the adjustments from September for the '10% tax-band loss compensation' from the Chancellor.
However, I'm a higher-rate tax payer and should receive 0 anyway as the thresholds were also adjusted for the tax bands as well as the tax free allowance.
Also, the rebate should of been 60 and then 10 per month, totalling 120.
After 'arguing' they still insist they are right and everyone gets the rebate!
Something is wrong? It will all come out in the wash anyway when my tax return is submitted as I will just owe the tax...
Regards, Justin.