Tax code 1250L: What does it mean? Why a work perk could see your code change

Tax code 1250L: What does it mean? Why a work perk could see your code change

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TAX codes tell an employer or pension provider how much Income Tax should be paid to HM Revenue and Customs . The most common tax code in the 2019 to 2020 tax year is 1250L – but being granted a particular type of perk at work could see one’s tax code change.



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