Income Tax usually applies to taxable income which is greater than a person’s tax-free Personal Allowance. In the 2019 to 2020 tax year, the standard allowance is £12,500. However, there are a number ...

A tax code will affect the amount of tax that a person pays, which means being on the right code for one’s circumstance is important. The most common tax code in this tax year is 1250L. In the 2019/20 ...

Tax codes are a hot topic at the moment and most workers across the UK take it for granted that they are on the right one and paying the right amount of tax, but are they? A tax code is used by an ...

Tax codes are a hot topic at the moment as HM Revenue and Customs (HMRC) has now emailed or posted notifications of changes to tax codes for the 2022/23 tax year to an estimated 12 million people ...

Your tax code is used to tell HMRC how much tax you need to pay out of your salary. Find out what yours means, how to check your tax code and what to do if your tax code is wrong. Ruby FlanaganSenior ...

A warning has been issued over HMRC letters being sent to "everyone" who has savings. On Reddit, one poster took to the Personal Finance sub, where they wrote: "“Why has my tax code changed from 1250L ...

With a background in financial journalism across national titles, Ruby loves helping people take control of their money and specialises in pensions, tax, banking and benefits. HMRC may apply an ...

The new tax year might be nearly halfway through by now, but HMRC continues to dispatch fresh tax codes to individuals as it works through altered personal circumstances linked to your National ...