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04.07.2022 - 16:28

What does it mean when an 821L tax code was changed to a 0T tax in England?

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What does it mean when an 821L tax code was changed to a 0T tax in England?

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Kameron April 14, 2023 в 11:41

When an 821L tax code is changed to a 0T tax code in England, it could mean that the individual's personal allowances were adjusted. A tax code is used by employers and pension providers to calculate how much tax should be deducted from an individual's income. The 821L tax code means that the individual is eligible for the standard tax-free personal allowance for the year, whereas the 0T tax code means that the individual has no personal allowance and will be taxed at the basic rate. This change may also occur if the individual has started a new job and their employer is unsure of their tax code, so they are put on a temporary emergency tax code until it can be updated.

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