5min chapter

Medics Money podcast cover image

Ep 245: Avoid this NHS back pay tax trap

Medics Money podcast

CHAPTER

Understanding Tax Codes and Their Implications for Healthcare Professionals

This chapter explores the complexities of tax codes issued by HMRC to payroll departments, particularly focusing on emergency tax codes like D0, D1, BR, and 0T. It highlights the significance of verifying tax codes on payslips to avoid miscalculations and provides clarity on cumulative versus non-cumulative tax codes.

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