Tax Code BR Meaning: Why You Are Overpaying Tax on a Main Job and How to Fix It With HMRC
Tax code BR stands for Basic Rate. Under the UK’s Pay As You Earn (PAYE) scheme, HM Revenue & Customs (HMRC) uses it to instruct employers to deduct income tax at 20% on every pound earned from a specific income source, with no personal allowance of £12,570 applied, as confirmed by HMRC for the 2025/26…