Definition of tax code in English:

tax code


  • 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.

    • ‘All employees, and many pensioners, should have a tax code.’
    • ‘Employers and pension providers are told how much tax to deduct by your tax code.’
    • ‘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.’
    • ‘I haven't received any notification from the Inland Revenue, other than to tell me that my tax code has been amended.’