Following the Chancellor’s announcement, the basic Personal Allowance for the 2008-09 tax year is increasing by £600 from £5,435 to £6,035 and the basic rate band is reducing from £36,000 to £34,800. As a result, many employees in Opera & Opera II will need to have their tax codes changed for payroll runs from 7 September 2008.
The new tax codes and basic rate tax band must be applied in Opera & Opera II for the first payroll run on or after 7 September 2008 - after the Week 22 or Month 5 payroll run but before the Week 23 or Month 6 payroll run.
Instructions to do this are detailed in these guides:-
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