Following the introduction of the new dividend tax I am getting several clients asking me to look at their tax codes which appear to have been replaced by K codes and deductions rather than allowances. I am having trouble seeing where the figures actually come from, and am wondering if anyone else is seeing this issue and can help. Wondering whether there might be an underlying issue with a possible withdrawal of pension tax allowances (possibly to be announced in the budget?) Any ideas? Or am I being thick?