These tax codes tell me everything I need to know about your income. Let’s break them down so you’re not caught off guard. Tax codes explained were: 1257L, K codes, D codes, M1, W1,X codes, BR code #creatorsearchinsights #taxes #taxcode #taxseason #financetok

If you earn over £100k in the UK, you could be affected by the 60% tax trap caused by the reduction of the Personal Allowance. As income increases beyond £100k more of your earnings become taxable, which can significantly raise your effective UK income tax rate. Understanding UK tax rules and getting the right UK accounting advice can help you plan your income properly and avoid unexpected tax bills from HMRC. #accountant #tax #advice #hmrc #higherratetaxpayer