What does the tax code 522L/1 mean?

Let’s learn what does the tax code 522L/1 mean. The most accurate or helpful solution is served by Yahoo! Answers.

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Answer:

The "1" means that you tax code is operated on a week one basis. This means that you will...

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What do mean by tax code 500L?. My new and recent tax code is 500L. but i think it had taken out more tax dedu?

what do mean by tax code 500L?. My new and recent tax code is 500L. but i think it had taken out more tax deduction than I expected. From my last payslip: Total payment= £335.50 Tax deductions made:- Tax=£94 and Ni number= £6.90 Making...

Answer:

You should have received a "notice of coding". You start with a personal allowance of £...

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My tax code is 647L 1. What does it mean?

I was under the impression that I'm due a tax rebate as I was one Basic Rate tax since September. I noticed in February that I was paying £100 a month more tax then a colleague on the same money and queried it. I was told that I had the wrong tax...

Answer:

647L means you can earn £6475 before paying tax and this is the standard tax rate Only your tax...

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I'm on tax code ''547T'' what does that mean? Plus lots more tax questions!?

I have just started a new job and the tax office has told me my new code will be 547T...What does this mean? So far this year I have only earnt £2000 as I was working overseas for a UK company and got paid overseas living allowance which didn't...

Answer:

Several issues here. This is likely to be an essay! Code 547L means that in a tax year (period 6th April...

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What does this tax code mean?

I am a full-time student, recently started working part-time. I am being taxed A LOT, even though I'm only earning £260 a month, maximum. I have been told that I can claim back my tax online and get my tax code sorted. My tax code is 0T. I looked...

Answer:

0T - no allowances - you are being taxed a flat 20%. When you started the job you should have filled...

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New Tax code 670L M1. after claiming for laundry expenses. What does M1 mean?

In August I called my tax office, to claim for my flat rate laundry expenses. I claimed for the previous 6 years. My tax code adjusted (eventually) from 603L to my new code 670L, after receiving in writing that my allowance is £140 per year. I...

Answer:

This means each month's pay is taken in isolation. Not normally done when code increases, but always...

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I was on a basic rate tax code for 18 months. Does this mean I might have paid too much tax?

I really don't understand tax at all so I'd appreciate any help anyone can give. I paid basic rate tax for about 18 months - I didn't have a proper tax code. Because I don't understand tax I didn't even understand what BR meant until a friend told me...

Answer:

No, no, no. That is rubbish about forms P46 at this stage in the game. Forms P46 are only issued to...

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I'm working as a temp & have been on BR tax code since July 08, does that code mean I'm paying too much tax?

I've been working for the same company since 7 July as a temp. I've been on BR tax code since I started & still am, does that mean I'm paying more tax than I should be? I have ...show more

Answer:

Yes chances are you are paying too much tax. Ring the tax office they will be able to advise you.

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UK PAYE Tax code: does 0T code (zero T) mean no PA only or no to every tax free allowance?

(assuming they are elligible for Blind Allowance) I know they do not get any personal allowance (PA). But does this tax code exclude PA only or does it apply to ALL tax free allowances eg Blind Allowance? Seeking expert opinion.

Answer:

Code 0T isn't used very much now. It was only relevant when the lower 10% rate band was in force, and...

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I am a junior doctor in UK and I have got my first salary with tax code of BR NONCUM, what does that mean?

I am a junior doctor in UK and I have got my first salary with tax code of BR NONCUM, what does that mean? If i calculate my tax with this code on, I hardly get any tax free allowance in a year, but without this I get lot. Also, the first salary I got...

Answer:

Basic Rate - Non Cumulative so they have given you a temporary code and are not giving you a tax allowance...

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