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1:11

The. Hi and welcome to the rest is money

1:13

with me. Robert Peston. Homemade stuff like of

1:15

and have you been? yeah good apprehend him.

1:17

Loads of excites to fetch day so you

1:19

know I've got this idea for another business

1:22

in the fitness world so I went to

1:24

Law Cat units where we might potentially put

1:26

it over the last week in Newcastle and

1:28

aesthetics. I and I absolutely love going to

1:30

look at places and and imagining you know

1:33

what it might be like bringing a business

1:35

concept alive there and the some really cool

1:37

stuff going on in Newcastle and Up have

1:39

been doing some me into the university as

1:41

well about tie ups with some of their

1:44

students. In terms of developing products and things have

1:46

that. Are you allowed to? I'm not going to

1:48

say i'm gonna yeah to cook because you have until

1:50

you want to reconsider. It's. Too early on, not

1:52

because I'm worried anyone's gonna nikkei. it's just

1:54

more I don't know. I just one away.

1:56

As as Madder positions thing that you just yeah.

1:58

I am I going. The happened when I

2:01

want something a I always assumed that

2:03

ain't gonna happen and and I I

2:05

said well it's immense. Amount assess so

2:07

obvious Human says imagine it's gonna happen Anyway,

2:09

what has been out? Nancy is. So sweet

2:11

a slightly says of obscure half as

2:14

good as the dog that three in

2:16

the morning decided to wake me up.

2:18

There was deficit something going on outside

2:20

which I'm assuming his folks activity but

2:22

he just would not let me sleep

2:24

there was a wide angle I was

2:26

sort of anyway so as I know

2:28

of undies up to let him out

2:30

once you them what me up again

2:32

two hours later us to go out

2:34

to go out yeah because he wanted

2:36

to see the folks are far premises

2:39

so Kersey London for so you laughing

2:41

stock sites. In a minute and I basically what

2:43

he was. Supervised by it's

2:45

so we aren't and answer more

2:47

of your questions and this episode

2:49

began to sir mind at ease

2:51

and send them to rest is

2:53

money at email.com or even send

2:55

them via our social media pages

2:57

to sets the rest is money

2:59

Sir Robert tell us what the

3:01

first. Question is so it's from

3:03

Towel and Eight sub bounds

3:06

a website that he com

3:08

a service that you love

3:10

school visits. Because

3:12

I know the majority of your income hims

3:14

of into decisiveness effect since my last. Which

3:18

is this site for buying and selling? mostly. Second,

3:20

I'm closer and that is as old as yet.

3:22

No no no I'll close allies. Mostly an enclosed

3:24

area which our loss will see have to pay

3:26

tax on the things that she sells on vintage

3:28

says. been using it as a second income and

3:30

it's be very helpful. During the Cost of

3:33

Living crisis but she's anxious the the

3:35

taxman is gonna come after us. So

3:37

yeah, so what's the same as. I. Understand

3:39

why you are because similarly when this

3:41

news came out a few months ago

3:44

I was also don't have as a

3:46

deep ties in terms of mine tax

3:48

implications. So it all kicked off when

3:50

these new bills came into place in

3:52

January this year which said online marketplaces

3:54

like Vince head at see a bass

3:57

sea of all of them persona kind

3:59

of stated. The Me sites you know

4:01

for your A you base your ebay

4:03

and base things like that anywhere where

4:05

people essentially a make him Monday and

4:07

now some January the share gonna have

4:09

to tell the air time ah say

4:12

about you know any people making money

4:14

see these platforms that they might be

4:16

interested it's you know it's a messy

4:18

pray cracking down on Acer investment I

4:20

foresee million pounds into looking into s

4:22

and of employed a lotta stuff they

4:24

would force these rules for. The key

4:26

to this is the rules themselves haven't

4:28

changed, it's just that the As Marcy

4:30

A cracking down on A So talking

4:33

about Vintage the whole thing with our

4:35

as he says and up for selling

4:37

clothes and and bits many second hand.

4:39

it's massively grown in popularity. I use

4:41

it you know when my show ended

4:43

I was just get rid of a

4:45

lot of my Tv clothes the i

4:47

want me to eat anymore and a

4:49

lot of people panic thinking I'm not

4:51

gonna have to pay tax on it.

4:54

So it is worth explaining the rules

4:56

around this because Vintage have said they

4:58

send mans like a notification telling. All

5:00

of that uses about sets and the

5:02

said that Now gonna tell Hm ah

5:04

say when someone is selling more than

5:06

thirty items yes which I am not

5:09

already sold say I am And all

5:11

the stuff that the salad absorbed to

5:13

more than one thousand seven hundred and

5:15

thirty five pounds a year. Did they

5:17

explain why they picked that number of almost

5:20

rebels nord known and of fab and said

5:22

the or a random dismal. Yes this two

5:24

thousand euros that us to say transition fit

5:26

books Yes that now going to have essentially

5:28

tell him it's i'm Aussie about these people

5:30

say they say they're also going to tell

5:33

the people tanks and say to the people.

5:35

Are using the site Listen by going to tell it's

5:37

mostly about yet this is what you need to do

5:39

to prepare for us said we have any idea how

5:41

many people will be Effects were. Vintage said not

5:44

many posts. you know it's just anecdotally

5:46

talking to people I know paint people

5:48

might not hit that two grams in

5:50

or near enough to grandma put bells

5:52

the thirty items thing may well so

5:54

it's an interesting point on that. Once

5:57

put it is worth said. You.

5:59

To pay. If you're selling

6:01

something for less than you paid for it

6:03

which is a fundamental thing with in said

6:05

you know the reason why it's done so

6:07

well, It's it's people. get rid. Of stuff that

6:09

for ages and I try to get rid of it.

6:11

But the problem is is that there's

6:13

been this phenomena as well as the

6:15

i mean it's been particularly students picking

6:18

up close and tommy shops on the

6:20

cheap and then selling them for more

6:22

money. And that's where the Tuxpan. Is

6:24

very interested but but also if

6:26

I was being slightly paranoid. As

6:29

a vintage use, the thing

6:31

that would worry me is

6:33

let's say Op sold forty

6:36

or fifty items of clothing

6:38

More is the tax mom

6:40

says would you gonna have

6:42

to prove. The these is

6:44

your Chloe Etti paid him for more us

6:46

because none of us. yeah see was a

6:48

receipt. Know I know exactly. That's also been

6:50

a worry but I think they're souley they're

6:53

not going for those people or like I

6:55

just it doesn't say a light that for

6:57

this is about it is about the people

6:59

who are buying and selling some all all

7:01

people who are making stuff and sell in

7:03

s but we'll see it as a hostess

7:05

reports away. some are saved by the end

7:08

of January next year so that's where my

7:10

really gonna say why It's masih day with

7:12

all this information is being given so I

7:14

swear said as well sensitive got i and

7:16

kind of break down of what the tax.

7:18

Implications are so if you are some one and i'm

7:20

seem and all the other sites. Of doubles as well,

7:23

so it's worth having a lockout whichever one you

7:25

used to find out exactly what they're saying on

7:27

it because they should be able to help because

7:29

it's not in their interest not to help you

7:31

resist. Or the other point, of

7:33

course, is that if it's your

7:35

main source of income, you have

7:37

to generate profits. Income of what

7:40

is it? twelve thousand? Twelve. Thousand

7:42

Five Hundred and Seventy Two. Idea. Who

7:44

either themselves because often occurs up to that

7:46

level of income you know by name Come

7:48

to us. To know what's interest in Novi

7:50

Pazar? obviously I when it all came I

7:52

was the since it for my own perspective

7:54

is Laos this the online forums.gov that you

7:56

care. It was so complicated loads of people

7:58

we're going on they're going can yes am

8:01

just tell me I have made a glance

8:03

selling stuff and you know it's just a

8:05

softball or of owns and two gyms I'm

8:07

just getting rid of things. Am I going

8:09

to war tax? It was a lot to

8:11

panic people and the responses was rubbish. It

8:13

was misleading the information and it was get

8:15

really really complicated. You can see people getting

8:18

more and more. I read. For of his

8:20

truck boats on three well remember your Paypal

8:22

banner. It's funny I got the and it's

8:24

well feals. I don't know but it looks

8:26

like it's not just bought because the name

8:28

would be that Hmrc Ottoman number seven and

8:30

then so be it some Rc Admin number

8:32

ten. It didn't read like a champ both

8:34

but it could base it's worth know and

8:36

if you are we to buy a dog.

8:38

a group that has a really good night

8:41

slaughter an analysis on nice the low Income

8:43

Tax Reform group but yeah it's worth having

8:45

a lot of them. One of the thing

8:47

I just wanna tell you about selling stuff

8:49

online. know yes to be really careful how

8:51

you describe it. So. If you

8:53

describe something as well,

8:55

wants or see through

8:58

you might prompt Some

9:00

messages from the peasants

9:02

said recess. So. That's

9:05

because his. His whole community of

9:07

people who oversee get kicked from by

9:09

in well worn or whatever close. I

9:12

mean it's nominee men by in the

9:14

Muslim and let's be honest but yeah

9:16

is a brilliant off color cosmopolitan by

9:18

journalists who this has been say where

9:21

she'd pull on much yeah to a

9:23

thing says she said it was a

9:25

worn dress is called Jennifer self and

9:27

and deceit then went Nc this holds

9:30

dark world that canisters sexual on the

9:32

as a bear and they pop which

9:34

obviously both companies would say that's not

9:37

what it's for posts yes it's a

9:39

very interested beta. A doctor and

9:41

ask sometime produces Poland when you're on

9:43

Vincent? Yes, can people workhouses? You know

9:45

I've purposely donor else and also Rico

9:48

or your lot to do those and

9:50

string. Well I may by definition

9:52

on like since it know. Exactly who

9:54

I am here, but the person. By in doesn't

9:56

know it's me because I didn't want to. went well. I'm

9:58

going to end in the. The game as this anywhere

10:01

the Smiths that I is on the right to

10:03

protect your that the I just wasn't sure whether

10:05

you are allowed to. Yeah. No, I did. When

10:07

are allowed to? Well, maybe not. Maybe I'm of

10:09

my Am clothing. Second hand clothing empires about come

10:12

crashing down before me, so hopefully people will work

10:14

out. It's makes A because I don't want to

10:16

go for reading. I want it to. Just you

10:18

know it's A it's a D clustering things for

10:21

me. it's not really money making. it's. Answer

10:23

your own show you the you're

10:25

not doing nothing that some celebrities

10:27

do. We choose actually. Charging

10:29

know a massive know what else is

10:32

there stuff as you know net? No,

10:34

definitely not. That's not what. It was

10:36

saw this was at sea floor in exercised

10:38

his I have got too many clothes and

10:40

I enjoy. I love it. I enjoy the

10:42

thrill of someone paid to pound for a

10:44

know jumper you've got and then I don't

10:46

lost their whole locker process by los de

10:49

the joyous that it's and then people's party

10:51

with yet you might put some is on

10:53

for size and then some in a combat

10:55

and said to quite yeah like yerevan a

10:57

laugh and then the they and then if

10:59

the three quid it's just a sad life

11:01

I listen up I enjoy yes I get

11:04

a kick out of it. Now. I

11:06

can see what he added spicy.

11:08

Answer some more questions. M S C

11:10

We've got another one on the Gig

11:12

economy which is so interesting so this

11:14

one is from Laurie and save us

11:17

in an economic climate where we should

11:19

all be focusing on improving. Personal productivity.

11:21

Can our economy afford? See what

11:23

I was? contacts and the Gig

11:25

economy so I'm gonna have to

11:28

sort of sonnets Her prot war

11:30

Laurie means by this because I

11:32

think what lorries sort of getting

11:34

out is if a zero hours

11:36

person is going from different frayed

11:38

to different tried different jobs. A

11:41

different job. If you're in the

11:43

Gig economy and you're not specializing

11:45

in a particular saying, I'm assuming

11:47

this is what he or she

11:49

is worrying about. Is your levels

11:51

of expertise? Your level of skills

11:54

never gets up to a certain

11:56

degree of excellence that there for

11:58

you or less productive. I

12:00

mean, there are some people in

12:03

the Gig economy as you basically

12:05

and the creative sector and in

12:07

ah sector who are absolutely brilliant

12:09

a woman do well, class but

12:11

actually just. Prefer.

12:14

Not being tied down by

12:16

you know, an employment contracts

12:18

and dope. Sixty want to

12:20

work just for single employer

12:22

unsalted. Think the you should

12:24

assume that somebody who's free

12:26

logs in effect is not

12:28

productive. It's one of the

12:31

reasons why I mean Labor

12:33

Labor Party's gains the election

12:35

which is a promise to

12:37

give all workers greater rights

12:39

from day one of employment

12:41

and to crack down. On the

12:43

gig economy it's so cold. But one

12:46

of the things that cold ease of

12:48

labour supporters of said to them is

12:50

actually the game's going to be suits

12:52

me and so one of these are

12:55

trying to do at the moment is

12:57

work out how do you reform the

12:59

labor market to protect the vulnerable. Those

13:01

people who have. No employment

13:03

rights. not through choice, but because

13:06

they just don't have bargaining power

13:08

Had you give employment rights to

13:10

the vulnerable, those who need implode

13:12

rice while not making it harder

13:14

for those people who actually wants

13:17

to be able to go from

13:19

gigs to gag ah to make

13:21

it as avocado I say? Well,

13:23

Yeah because to be honest, it works

13:26

both ways. So does Net because they'll

13:28

be some people on contracts you know

13:30

and in full time employment. He wanted

13:32

to do extra work, put their employee

13:34

a contract, says they can't so they

13:37

have with both ways. Illness Which actually

13:39

leads me neatly to another questions which

13:41

is from doctor to on a son.

13:43

Why is it only stats He reads

13:46

out the outfits and it's because you

13:48

can can. Yes because your contract. The

13:50

at As long as I mean. Look

13:54

I do for success. They seem high

13:56

life but the big thing at the

13:58

center of my life. Is

14:00

working for I Tv and I

14:03

Tv News our separate organizations and

14:05

bases presenter as the best in

14:07

show and as political editor of

14:10

I T V News. There are

14:12

very strict impartiality rules and that

14:14

doesn't just apply to politics. Why

14:17

have to be impartial it? I

14:19

have to be impartial when it

14:21

comes to editing commercials and so

14:24

it just doesn't votes to make

14:26

it impossible for me to read

14:28

out these adverse. Somebody some

14:30

ways a specific I noticed I

14:33

read our lives. Is gonna be constructive

14:35

criticism for have I've read out the. Other

14:37

and I've organized it every day

14:39

jobs a blizzard Now I was

14:42

gonna share a particular source of

14:44

perhaps I'd Zola isn't really survey

14:46

which is. A number of years

14:48

ago I noticed that presenters of

14:51

far programs like this morning were

14:53

making an absolute fortune by and

14:55

sponsored by the likes of Marks

14:58

and Yeah, Spencer Rhymes. Ah, and

15:00

the program itself get sponsored percent

15:02

of the individual's rights. so Holly's

15:04

as I recall when she was.

15:07

The Star presents hope Abby that I think

15:09

most of as a pattern up soup forks

15:11

you the weather smarter Ryan A pretty sure

15:13

that's rise of celibacy. I mean it's all.

15:15

why can't I do that on the past

15:17

and share why Todd it I some major

15:19

roads will class smus us either whistles and

15:21

what about know if the last bit of

15:23

where their suits and it turns out the

15:25

because I'm a current affairs program. it's against

15:27

the rules to guys have commercials so they're

15:29

just also yes of it Yet actually truthfully

15:31

what I thought about I thought yeah cause

15:33

that's right, I mean it would be ridiculous

15:35

if a pro godlike mine. Was responsible

15:37

either by it's exciting company or indeed

15:39

we have talked a bit about gambling

15:41

and a gigantic sponsorship of the i

15:43

mean it would be probably a political

15:45

betting outfit were quite like serve sponsor

15:47

pass them but he likes a way

15:49

as against the rules. Yeah, what's interesting?

15:51

Not because when we launched my show and

15:54

channel saw which fanciful. Yes, we have that

15:56

whole debate about whether to be current size

15:58

or not because you're right. As soon

16:00

as you are current affairs they have com

16:02

ills of entirely different the we wanted to

16:04

have sponsors and things so when it came

16:06

to feed off of say I do I'm

16:08

a journalist so I do a lot of

16:10

news and current affairs. We have to be

16:12

really careful about how we treated each topic

16:15

so that we didn't stir in to too

16:17

much current affairs which user really interesting at

16:19

times when massive things will happen in and

16:21

I was one in to explain them. we

16:23

really outs and not cross that line sir.

16:25

Added it is it's thing on his

16:27

money as to stop aging these two

16:29

steaks. Oh so they are. We bomb

16:31

reveals why there is a slightly weird

16:34

structure the show in that sense, so

16:36

I think this is probably a good

16:38

moment for our listeners to remind themselves

16:40

or berlin you are reading up. On

16:44

So let's go to a quick make. You

16:47

know, real? When you get it, it'll say either.

16:50

Authenticity guarantee on you. Feel it? Maybe it's

16:52

a head turning hand that a watch that

16:54

says it all truly that makes you look

16:56

like attempt Sneakers and street were so fresh.

16:58

Every stuff to fly either gets it. So

17:00

look for the blue checkmark next to the

17:02

thing you love. And be confident

17:04

that everything's it's full immobile is

17:07

to transfer. The Tv be to

17:09

you can trust. The feeling of real

17:11

is only the movies and so your

17:13

next purchase is the real deal. Visit

17:15

iba.com for terms. Welcome

17:20

back to the rest is money

17:23

with me Robert Peston. And May

17:25

steps and Muslim and so we have a

17:27

question he at which is today with. The

17:29

how inflation is calculated this once and son

17:31

and says i've got some questions about. You

17:34

can flash and am I insane? can

17:36

The house prices are not included in

17:38

inflation. Truth in a sense. If

17:40

I understand correctly, the Us creates

17:42

an owner's equivalent. Rent which is

17:45

artificial. I think that gets included

17:47

in the Us. Hims lesson number

17:49

is that rights? So why don't

17:51

you can include house prices and

17:53

inflation using a similar. Construct say

17:55

the answers they do we

17:58

do in the Uk. A

18:00

you're right it it in America the

18:02

this calculations were they sort of look

18:05

at house prices and they cyber what's

18:07

the rent equivalent of that than a

18:09

bill. that into the inflation number and

18:11

they're off to measures all of Us

18:13

inflation in the Uk. one is the

18:16

Consumer Price Index which is the one

18:18

that I see most of us talk

18:20

about. when will you know looking at

18:22

what's happening to the cost of living

18:25

And it's also the one that the

18:27

Bank of England focuses on mostly when

18:29

it's setting. Interest rates so that

18:32

that's straight Cp I'll consumer

18:34

price inflation but there is

18:36

another one which the Oh

18:38

and as it sells Isis

18:40

is Tix Authority actually prefers

18:43

and it is called C

18:45

P I H H for

18:47

Housing and that includes the

18:49

equivalents of that American housing

18:51

calculation. It includes something called

18:54

owner Occupiers Housing Costs On

18:56

that does contain and elements

18:58

of what the. Ins thinks

19:00

is happening to rentals are not

19:03

just straight rentals, but no subtle

19:05

rentals or home the value of

19:07

private properties. And it includes that

19:09

elements of council tax. So you

19:11

know there is a measure here

19:14

of the Ins would say it's

19:16

actually the more reliable measure of

19:18

inflation, but for what it's worth,

19:20

it's not. With a mischievous talk

19:23

about where we talk about inflation

19:25

yes, accent snap. Economics as

19:27

a massively in the news Because

19:29

both of our political parties are

19:31

committed to them in different forms.

19:33

they got different kinds of names.

19:35

We got a question about economic zones

19:37

from He and P and he

19:39

likes to know more about that.

19:41

Me: Once in a who benefits

19:43

do courts have jurisdiction that do

19:45

they have for excessive police. Who

19:49

owns the ladder than at eight? Basically

19:51

just wants to know when you hear

19:53

the government talking about things like Freeport's

19:56

which I'm assuming. Is what he still? yeah

19:58

when he talks about economics and. I've

20:00

already rise. That's what What do we mean

20:02

by yes? Sir no they don't have their

20:04

own police or anything I asked put the

20:07

if. I still bother you say that? I. Asked

20:09

about the Uk it's it's basically

20:11

about taxes. Know it's about incentives

20:13

to encourage more trade. They're so

20:15

stays will often be areas which

20:17

has been identified as needing more

20:20

investment, needing to create more jobs

20:22

to that particular area. And or

20:24

big what in your neck of yes. So we have got

20:26

the teased Port report. Which is been in the

20:28

news a lot because who has lots

20:30

of controversy about the running of it

20:33

but that has also been solved it

20:35

with same old know some people might

20:37

disagree with us but either way this

20:39

is it. Everywhere you basically get tax

20:41

breaks and government's supposed to encourage businesses

20:43

to set up there. But the problem

20:45

and we've talked about this while but

20:47

is to say encourage new businesses to

20:49

be create creating new jobs or I

20:51

use displacing people and businesses from. Other.

20:54

Parts of the country I see

20:56

how the average for town of

20:58

alive they should vs recreation argument

21:00

banned in if if was you

21:02

size or was happening is you

21:04

know a business it as a

21:06

side immobile the Uk simply move

21:08

to seaside does the tax breaks

21:10

then decides guy is some other

21:12

i results as he cites know

21:14

what would organ be looking at

21:16

you know over the coming years

21:18

in particular is whether we getting

21:20

investment strictly from overseas you know

21:22

all of overseas businesses coming. Here

21:24

for the first time to go

21:26

into these free bull areas or

21:28

off the big British investors creating

21:30

brand new businesses in these areas

21:33

and I read as yet with

21:35

that know the also I mean

21:37

I suppose what I would argue

21:39

is if you with enough report

21:42

can create a genuine cluster of

21:44

businesses in a secular in the

21:46

streets and they reinforce each other

21:48

better in terms of skills and

21:50

expertise That that leads to greater

21:53

wealth creation. Even if some

21:55

of that involves displacement from

21:57

another part of the Uk.

22:00

In two things, one is the

22:02

Uk net will be better off

22:04

because you're creating value That in

22:06

addition to the value that was

22:08

already there and and so cannibalization

22:10

in itself is not as simple

22:12

to understand as you might think

22:14

I'd Also, they were sort of

22:16

social factors He there's some would

22:18

say we would be a happy

22:20

a society if some of the

22:22

incredibly productive businesses in London in

22:24

the Southeast actually existed In the

22:26

North is just as it were

22:28

a nebula social. That yes, a widowed

22:31

said to put a value on social tensions.

22:33

Yeah, it is big and it's negative sense

22:35

even if you are encouraging some businesses to

22:37

relocate. In terms of the guy, he's of

22:40

the Uk. necessarily a bad that. Yeah, Yeah,

22:42

an interest in a that because of the

22:44

south think you know really close eye on

22:46

what's been happening with a T side one

22:48

so t side free for it's gonna be

22:51

Britain's biggest free pull out of them all

22:53

to. There were twelve place has given this

22:55

stairs and twenty twenty once and it covers

22:57

a must have area with something like saw

22:59

thousand five hundred acres which I am told

23:02

as the equivalent of to ask thousand football

23:04

pitches they Ruskin the team would in I

23:06

saw It's going to bring in eighteen thousand

23:08

jobs to the area and give a three

23:10

point two billion pound based. To the

23:12

economy serve up and he can really

23:15

say at making a big difference but

23:17

just coming back to a and question

23:19

illness as an area which exists outside

23:21

of the country's borders for tax purposes

23:23

thought not in any other sense So.

23:25

Autopsy with an account. No it isn't put

23:28

our loss of incentive and I know Stump

23:30

too takes no business mates Rebus investment in

23:32

construction machinery that type of thing for years

23:34

and she will come back to talking about

23:37

them as we see more been center it

23:39

from. The. Mobile app. Aspen sits on this

23:41

one of the question which I wanted

23:43

to on the set which there is

23:45

something with you especially if you start

23:47

in in a new job. he will

23:49

say the hell of the tax code

23:52

and you know potentially being put on

23:54

an emergency tax code while is sort

23:56

things out And so Gavin as asked

23:58

the question about can you. Explain

24:00

what pass codes ah ah and you

24:02

know as I guess is how you

24:04

work them out and it's a good

24:06

one because it is really complicated. So

24:08

I was having a look at all

24:10

the different tax codes on the government's

24:13

website and and just to let you

24:15

know this is office say so about

24:17

the intimacy. Can work out how

24:19

much tax he should pay

24:22

the code supply when you

24:24

are on employees. Yes, if

24:26

you're self employed you don't

24:29

have a tax code said.

24:31

This is about how much

24:33

tracks your employer takes from

24:36

your weekly, your your monthly

24:38

income. Guess I'm just looking at the

24:40

list. I was read out here but will

24:42

be here all day. But. Basically, on

24:45

the side, they've got bought all the

24:47

left his main at the beginning. So

24:49

L means you're entitled to the standard

24:52

taxi past allowance and means marriage allowance.

24:54

Which means you received a ton Says

24:56

ten percent of your partner's past allowance.

24:59

Say means your tax code includes other

25:01

calculations to work out your personalized. It's

25:03

basically totally indefensible time to work out

25:06

which one is you. By going on

25:08

this but it's your employer has meant to do. This,

25:10

isn't it with the tax man? It's the. In

25:12

your not meant to work out you could you kind

25:14

of just told you caught at the end of ole.

25:16

Miss. But you can challenge Amelia

25:18

imposes have enough it was in to

25:20

be aware of his feet or sometimes

25:23

mistakes are made because Hmrc has the

25:25

wrong information. your yes I am I

25:27

giving them the wrong information or if

25:29

you filled in a self assessment for

25:31

you to they may pick something up

25:33

from that which you disagree with says

25:35

they always send you a letter saying

25:38

this is your tax code and they

25:40

do explain normally why they calculated that

25:42

your insides of this allows unwise changing

25:44

any these always in my experience was.

25:46

Just reassuring yourself the

25:48

what they are saying

25:50

about your income and

25:53

about your expenses. Of

25:55

either that, that is correct. Yeah but

25:57

I see wonder though why is it that

25:59

the emergency. Code always means you and

26:01

to pay more tax then you should fit. never

26:03

works the other way. Does it? as everyone will

26:05

know at some point and bet you've been on

26:08

an emergency. Tax code we will be most. Yeah

26:10

right. See we wrap things up then. Thank

26:12

you so much for all the questions. If

26:14

sent into a state, keep them comments. Best

26:16

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