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Understanding Tax Codes
- Understand tax codes and their importance.
- Take action if your tax code is wrong to avoid overpaying or underpaying taxes.
Doctor's Tax Code
- The standard tax code 1250L is often wrong for doctors.
- Doctors can claim tax relief on professional expenses, changing their tax code.
Claiming Tax Relief
- Claim tax relief on professional expenses like GMC fees and insurance.
- Doing so increases your tax code and reduces your tax burden.