What is emergency tax and how to avoid emergency tax? Well, the emergency tax code in the UK is a tax code used by HMRC to assign a temporary tax code. To a worker when they do not have enough information about their earnings assign them a tax code that accurately reflects their earnings. A […]
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Let’s dive into the world of what are tax codes in the UK. Tax codes are an essential part of the UK tax system. They are unique combinations of letters and numbers that help determine how much income tax you need to pay. These codes are assigned by HM Revenue and Customs (HMRC) and are
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What is a BR tax code? If you have received a BR tax code from your employer, you are paying tax as a Basic Rate Taxpayer. The basic rate taxpayer charges the tax of 20% on your salary or on the pension. Different types of tax codes are used when you are working under the
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