TX tax code

Hi, I have been put on a tx tax code for both my jobs. What does this mean please?

Comments

  • Jeremy535897
    Jeremy535897 Posts: 10,710 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    "TYour tax code includes other calculations to work out your Personal Allowance"
    From https://www.gov.uk/tax-codes
    X is an emergency code and means you are taxed on a week 1 month 1 basis. See
    https://www.gov.uk/tax-codes/emergency-tax-codes
  • unholyangel
    unholyangel Posts: 16,866 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    "TYour tax code includes other calculations to work out your Personal Allowance"
    From https://www.gov.uk/tax-codes
    X is an emergency code and means you are taxed on a week 1 month 1 basis. See
    https://www.gov.uk/tax-codes/emergency-tax-codes
    Another case of gov guidance being wrong on tax matters! I'm hoping it's just a case of the author not being trained in the relevant field (personal tax, vat or whatever) but I know that's just being optimistic. 

    X just denotes the basis of operation. Not all x codes are an emergency tax code - only one is. 1250L on a non-cumulative basis. Then again, you can search for just about any tax code on the internet (including the standard code) and there will be a website somewhere stating it's an emergency code. Or even worse - that they're paying emergency tax. 

    Really though, you have to feel for people. If the gov and can't get it right when they designed the system, what chance does your average joe have. 


    You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride
  • Jeremy535897
    Jeremy535897 Posts: 10,710 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    "TYour tax code includes other calculations to work out your Personal Allowance"
    From https://www.gov.uk/tax-codes
    X is an emergency code and means you are taxed on a week 1 month 1 basis. See
    https://www.gov.uk/tax-codes/emergency-tax-codes
    Another case of gov guidance being wrong on tax matters! I'm hoping it's just a case of the author not being trained in the relevant field (personal tax, vat or whatever) but I know that's just being optimistic. 

    X just denotes the basis of operation. Not all x codes are an emergency tax code - only one is. 1250L on a non-cumulative basis. Then again, you can search for just about any tax code on the internet (including the standard code) and there will be a website somewhere stating it's an emergency code. Or even worse - that they're paying emergency tax. 

    Really though, you have to feel for people. If the gov and can't get it right when they designed the system, what chance does your average joe have. 


    "Emergency" is a long standing expression in these circumstances to denote "non-cumulative", known as week 1 or month 1, which is what I assume you mean by "basis of operation".
  • unholyangel
    unholyangel Posts: 16,866 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 28 June 2020 at 9:52PM
    "TYour tax code includes other calculations to work out your Personal Allowance"
    From https://www.gov.uk/tax-codes
    X is an emergency code and means you are taxed on a week 1 month 1 basis. See
    https://www.gov.uk/tax-codes/emergency-tax-codes
    Another case of gov guidance being wrong on tax matters! I'm hoping it's just a case of the author not being trained in the relevant field (personal tax, vat or whatever) but I know that's just being optimistic. 

    X just denotes the basis of operation. Not all x codes are an emergency tax code - only one is. 1250L on a non-cumulative basis. Then again, you can search for just about any tax code on the internet (including the standard code) and there will be a website somewhere stating it's an emergency code. Or even worse - that they're paying emergency tax. 

    Really though, you have to feel for people. If the gov and can't get it right when they designed the system, what chance does your average joe have. 


    "Emergency" is a long standing expression in these circumstances to denote "non-cumulative", known as week 1 or month 1, which is what I assume you mean by "basis of operation".
    No, it's really not. 

    The gov website used to explicitly state that the emergency code was 1250L. It sort of still says that but whoever wrote the other guide about codes with "X" at the end clearly doesn't understand it. 

    For example check here

    For 2020 to 2021 the basic Personal Allowance will be £12,500 for the whole of the UK. The threshold (starting point) for PAYE is £240 per week (£1,042 per month). The emergency code is 1250L for all employees.

    Even one of your own links states:

    If you’re on an emergency tax code your payslip will show:
    • 1250 W1
    • 1250 M1
    • 1250 X

    If you notice, the only example it gives is 1250 and doesn't state anywhere that every code with an X at the end is an emergency code
    You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride
  • Jeremy535897
    Jeremy535897 Posts: 10,710 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    "TYour tax code includes other calculations to work out your Personal Allowance"
    From https://www.gov.uk/tax-codes
    X is an emergency code and means you are taxed on a week 1 month 1 basis. See
    https://www.gov.uk/tax-codes/emergency-tax-codes
    Another case of gov guidance being wrong on tax matters! I'm hoping it's just a case of the author not being trained in the relevant field (personal tax, vat or whatever) but I know that's just being optimistic. 

    X just denotes the basis of operation. Not all x codes are an emergency tax code - only one is. 1250L on a non-cumulative basis. Then again, you can search for just about any tax code on the internet (including the standard code) and there will be a website somewhere stating it's an emergency code. Or even worse - that they're paying emergency tax. 

    Really though, you have to feel for people. If the gov and can't get it right when they designed the system, what chance does your average joe have. 


    "Emergency" is a long standing expression in these circumstances to denote "non-cumulative", known as week 1 or month 1, which is what I assume you mean by "basis of operation".
    No, it's really not. 

    The gov website used to explicitly state that the emergency code was 1250L. It sort of still says that but whoever wrote the other guide about codes with "X" at the end clearly doesn't understand it. 

    For example check here

    For 2020 to 2021 the basic Personal Allowance will be £12,500 for the whole of the UK. The threshold (starting point) for PAYE is £240 per week (£1,042 per month). The emergency code is 1250L for all employees.

    Even one of your own links states:

    If you’re on an emergency tax code your payslip will show:
    • 1250 W1
    • 1250 M1
    • 1250 X

    If you notice, the only example it gives is 1250 and doesn't state anywhere that every code with an X at the end is an emergency code
    But it is non-cumulative, which is all that matters to the OP.
  • unholyangel
    unholyangel Posts: 16,866 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    "TYour tax code includes other calculations to work out your Personal Allowance"
    From https://www.gov.uk/tax-codes
    X is an emergency code and means you are taxed on a week 1 month 1 basis. See
    https://www.gov.uk/tax-codes/emergency-tax-codes
    Another case of gov guidance being wrong on tax matters! I'm hoping it's just a case of the author not being trained in the relevant field (personal tax, vat or whatever) but I know that's just being optimistic. 

    X just denotes the basis of operation. Not all x codes are an emergency tax code - only one is. 1250L on a non-cumulative basis. Then again, you can search for just about any tax code on the internet (including the standard code) and there will be a website somewhere stating it's an emergency code. Or even worse - that they're paying emergency tax. 

    Really though, you have to feel for people. If the gov and can't get it right when they designed the system, what chance does your average joe have. 


    "Emergency" is a long standing expression in these circumstances to denote "non-cumulative", known as week 1 or month 1, which is what I assume you mean by "basis of operation".
    No, it's really not. 

    The gov website used to explicitly state that the emergency code was 1250L. It sort of still says that but whoever wrote the other guide about codes with "X" at the end clearly doesn't understand it. 

    For example check here

    For 2020 to 2021 the basic Personal Allowance will be £12,500 for the whole of the UK. The threshold (starting point) for PAYE is £240 per week (£1,042 per month). The emergency code is 1250L for all employees.

    Even one of your own links states:

    If you’re on an emergency tax code your payslip will show:
    • 1250 W1
    • 1250 M1
    • 1250 X

    If you notice, the only example it gives is 1250 and doesn't state anywhere that every code with an X at the end is an emergency code
    But it is non-cumulative, which is all that matters to the OP.
    I agree - but I also believe in explaining so that those who are interested can develop a better understanding for the future. Not in all tax matters, but definitely when it comes to tax codes given it will be relevant to nearly everyone at some point in their life. 

    It's not a dig at you and I hope you haven't taken it as such. I know intentions aren't always clear, particularly online (when you can't hear my tone or see my facial expressions). 
    You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride
  • Jeremy535897
    Jeremy535897 Posts: 10,710 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    I actually find these things interesting, but I try to remember that the questioners seek pragmatic answers. Sometimes I go into the esoterics to the detriment of clarity. Here I may have used rather casual language but the end result was OK. At least I think it was! For example one of the hardest things to get over to people is that they don't automatically get paid what the employer can recover under CJRS, and sometimes I find that I have made that assumption in the interests of brevity
  • badger09
    badger09 Posts: 11,487 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    To be fair to the Gov guidance linked, the concept of non-cumulative tax code operation is not the easiest to explain briefly.
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