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Anyone know about Tax Codes.................

6 replies

TheQueenOfQuotes · 31/10/2007 12:35

and tell me what a tax code of 522L means in real terms????

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sillybillybee · 31/10/2007 12:43

Does this tell you what you need to know?

foxinsocks · 31/10/2007 12:44

that means you have a standard tax code

you get the standard £5225 tax allowance that most people will get

foxinsocks · 31/10/2007 12:45

i.e. the first £5225 of your income is not taxed

foxinsocks · 31/10/2007 12:46

direct gov is also useful for understanding taxes, allowances, benefits etc

Eddas · 31/10/2007 12:55

oo oo oo me, I know too late, you've already been told

TheQueenOfQuotes · 31/10/2007 12:56

oooo - so if I've calculated correctly that means that tax man could owe me money again at the end of this tax year (not as much as he gave me back for the 05/06 one but still nice )

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