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Tell me more about such tax codes as 1263L? Começado por maria Mehra · 0 Respostas
Postou: 9 Semanas
tax code 1263l mean mean are used by HMRC to work out your income tax. The number is the amount of your tax-free income allowance (£12,630), ‘L’ confirms that you are eligible to the standard Personal Allowance. These codes make sure that the appropriate amount of tax is removed from your earnings by your employer. If you have alternative sources of income or a change in your financial status recently, your code may have to be updated. At all times, ensure that you compare your tax code with what you have actually earned to avoid coming in shock when paying or receiving unexpected taxes or refunds.
