HM Revenue & Customs has set out twenty-five million tax codes. However, it is feared that potentially millions of taxpayers could be tangled in incorrect tax codes.
It is found that a number of people never check their tax codes to see if they are paying the correct amount of tax.
HMRC itself said that millions of people could get wrong tax code, with some people getting 3 to 4 different tax codes.
Thus, before paying tax, each taxpayer must check if his/her tax code is correct.
Some out of the several codes are: