A code number representing the tax-free part of an employee's income, assigned by tax authorities for use by employers in calculating the tax to be deducted under the PAYE system.
Example sentencesExamples
- Employers and pension providers are told how much tax to deduct by your tax code.
- All employees, and many pensioners, should have a tax code.
- I haven't received any notification from the Inland Revenue, other than to tell me that my tax code has been amended.
- Why can't the mother's tax threshold be transferred to the father's tax code at least until children are of school age?
- Check with the Inland Revenue that your tax code is correct for your circumstances.