Your code is made up of numbers and letters, such as “1257L”, which will be the most common code for the 2025/26 tax year. The number in your tax code shows how much you can earn before you have to pay tax. The number is usually multiplied by 10, and this gives you the ...
As we’ve covered, most taxpayers in 2022/23 will recognise 1257L as their own tax code. However, those that have W1 or M1 included should immediately address the issue with their employer or HMRC. If you’re uncertain about any of the above information and would like further guidance on...
There are also emergency tax codes such as W1, M1 or X, which we’ll look at in more detail shortly. You can find a full UK tax codes list overon the GOV.UK website. FAQs - UK tax codes What does the fax code 1257L mean? One of the most common tax codes used in the UK is...