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Understanding 25% TFLS
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The P9X, a HMRC rather than gov.uk document explains it.squirrelpie said:
Well other pages in the same guide use the same terminology, so unless you can point to a better reference, I'll have to stick to my view.Dazed_and_C0nfused said:That guidance is poor (wrong) as 1257L is the emergency tax code.
The W1/M1/X element isn't part of the tax code, it identifies if the code is being operated on a cumulative or non cumulative (often referred to as week 1/month1) basis.
https://www.gov.uk/government/publications/p9x-tax-codes0
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