The main purpose of the P9X form is to allow HMRC to advise employers which tax codes should be incremented for the start of the following tax year.
It contains thresholds, rates and tax code increases for both employers and payroll providers, ensuring they have everything they need for their payroll records and tax codes for the following tax year.
Often, Payroll software must be edited in the base code to account for these changes, but in XCD the thresholds are kept away from code and stored in an editable settings location.
Therefore, if there are any other changes at any time, we can simply upload a .CSV file and load this into the client orgs. This obviously means data is accurate and our system is flexible to future needs.
Find out more about current PX9 tax codes from HMRC.
