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Whats in your Tax Code?

BR – All income taxed at basic rate (20%)
0T – Zero Tax Free Allowance
D0 – All income taxed at higher rate (40%)
D1 – All income taxed at additional rate (45%)
NT – No Tax is deducted
V –  Basic Tax Free Allowance for people born before 6.4.38
P –  Basic Tax Free Allowance for people born 6.4.38 – 5.4.48
L –  Basic Tax Free Allowance for people born after 5.4.48
T – Other items in tax code that HMRC needs to review
K – Deductions exceed tax free allowances

If you think your tax code is wrong call HMRC on 0300 200 3300

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