New director tax codes?

[diviachi]

Having previously been self-employed, my husband and I have never had tax codes as tax has been collected via self-assessment. A year or so ago we set up a Limited company and closed our partnership company, but to date haven't drawn a salary while the new company was getting on it's feet.

Now we're in a position to pay ourselves a salary, how do we find out our tax codes? This is our only job, we are the only directors and we are 20% taxpayers. Do we need to contact HMRC to obtain new tax codes or do we work it out ourselves (if so, how)?

 

[Scalloway]

Normally when a new employee starts you get them to complete a form P46. The answers will determine the tax code.

http://www.hmrc.gov.uk/forms/p46exemptonline.pdf

 

[NickMoore]

Most likely, for 2013/14, your tax code is 944L.

(Born after 5 April 1948 and eligible for the basic personal allowance of £9440. http://www.hmrc.gov.uk/incometax/codes-basics.htm)