A BR code means that you receive no tax-free personal allowance, so everything you earn will be taxed at 20% (or the basic rate, hence the letters 'BR'). The addition of a 'W1' and 'M1' indicate that your tax is non-cumulative, either on a weekly or monthly basis.
& Code Date Of transfer to Link cell Sub name 8 Code Oate o' Credit to Special Current AIC Branch & Code Date Of receipt Of Application First Name First Name First Name First Name [ I Mother Gender: MYF Gender MIF Gender: First Name BLA Number Full Address Of the Branch Applicant(s) name(s) [in block letters] licant: Mr,'MrstMs
For most people of working age this will be £9,440 from April 2013, so the number printed on their new tax code should be 944. However, while this is the standard tax-free allowance, it can alter...
Non-cumulative, also known as a Month 1 tax code or an 'emergency' tax code, will only take in to account taxable pay in that current period.