With the 1256L tax code, you get to keep less money free from... moreWith the 1256L tax code, you get to keep less money free from tax than you normally would—£12,560 rather than £12,570. When this happens, it’s often explained by small changes in your taxes from early years or receiving certain benefits. As with 1257L, the "L" means you can receive the usual allowance. What you see as 1256L on your payslip may indicate your tax was incorrectly calculated or adjusted by HMRC. It’s recommended that you confirm your tax code with HMRC so it shows your current financial details.Visit us: accountingbyte.com/1257l-tax-code less
With the 1256L tax code, you get to keep less money free from... moreWith the 1256L tax code, you get to keep less money free from tax than you normally would—£12,560 rather than £12,570. When this happens, it’s often explained by small changes in your taxes from early years or receiving certain benefits. As with 1257L, the "L" means you can receive the usual allowance. What you see as 1256L on your payslip may indicate your tax was incorrectly calculated or adjusted by HMRC. It’s recommended that you confirm your tax code with HMRC so it shows your current financial details.Visit us: accountingbyte.com/1257l-tax-code less
