What does tax code mean?

Definitions for tax code

Here are all the possible meanings and translations of the word tax code.


  1. Tax code

    In the UK, every person paid under the PAYE scheme is allocated a tax code by HM Revenue and Customs. This is usually in the form of a number followed by a letter suffix, though other 'non-standard' codes are also used. This code describes to employers how much tax to deduct from an employee. The code is normally based on information provided to HMRC by the taxpayer or their employer. Tax codes are usually adjusted once a year to take into account any changes made in the National Budget, but can be altered more often to reflect an employee's circumstances. Tax codes can be changed if someone has paid too much or too little tax the previous tax year, if an employee receives state benefits, or has non-PAYE income. Changes in a tax code are to ensure the employee has paid the correct amount of tax by the end of each tax year. Tax codes are passed between periods of employment by a P45, which is generated when a person leaves a job. If a P45 is mislaid or not supplied at the end of a period of employment, a P46 can be filled out in order to determine which tax code is applicable to a person. Between submitting a P46 and receiving the correct tax code from HM Revenue and Customs, an employer can apply the emergency tax code on a week 1 basis. In this case, tax will be calculated as if the employee is working in the first week of the tax year, and all previous earnings are ignored. At the end of each tax year employers are required to send out a P60 which documents the total earnings and tax a person has paid within that tax year.


  1. Chaldean Numerology

    The numerical value of tax code in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of tax code in Pythagorean Numerology is: 9

Sample Sentences & Example Usage

  1. Douglas Holtz-Eakin:

    I don’t think you can get the individual side of the tax code done next year.

  2. John McCain:

    At the top of that list is cutting taxes for middle class families and fixing our broken tax code.

  3. James Lankford:

    What changes might be needed in the tax code in the days ahead, to be able to adjust in what scenario.

  4. Paul Ryan:

    What I think we need to do is win an election, get better people in these agencies and reform the tax code.

  5. Nicholas Cafardi:

    The larger issue is that, irrespective of what the tax code says, churches should be sacred spaces, free of partisan politics.

Images & Illustrations of tax code

  1. tax codetax codetax code

Translations for tax code

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