What is a BR Tax Code? A BR (Basic Rate) tax code is a type of emergency tax code that tells your employer to tax all of your income from that job at the basic rate (usually 20%). On your payslip, a BR tax code may be shown in different ways: All of the codes …
What Is a BR Tax Code and How Does It Affect Your Income Tax? Read More »
Tax code 1257L is the most common tax code in England and Northern Ireland for the 2022/23 tax year, which started on 6th April 2022. Understanding your tax code is important as it helps determine how much tax you need to pay on your earnings. In this article, we’ll discuss what tax code 1257L means, …
What is a tax code? Your tax code is used to determine how much income tax you’re required to pay. It is worked out by HMRC and sent on to your employer or pension provider. You can find your tax code on your payslips; P45; P60; and on a PAYE Coding Notice. Tax codes are …
