Common Tax Codes

L Codes
Used for employees who are eligible for the basic personal tax allowance and also as an “emergency tax code”.  This is the usual code for employee’s main (or only) job with straightforward tax affairs.

P Codes
Used for people aged 65-74 who are eligible for the full Personal Allowance.

V Codes
Used for people aged 65-74 who are eligible for the full Personal Allowance, the full Married Couple’s Allowance and are estimated to be basic-rate taxpayers.

Y Codes
Used for people aged over 75 and who are eligible for the full Personal Allowance.

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