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Tax Query

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hugginsc | 17:18 Tue 27th Feb 2007 | Law
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Does anyone know roughly how much, the emergency tax code ( BR ) roughly aquates to?

I think it lies someone between 25% - 40 %, but I would like ot if somone could actually tell me the correct answer.

Thanks
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Avatar Image kempie
Emergency Tax is no longer indicated by a BR code. Instead the basic personal allowance (currently 503L) applies.

http://www.hmrc.gov.uk/employers/rates_and_lim its.htm
18:24 Tue 27th Feb 2007
Avatar Image dzug
If your tax code is BR then it means 22% on all income covered by that code.

Kempie may well be right that it is no longer used as the emergency tax code but it does exist as a valid code.
20:03 Tue 27th Feb 2007

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