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Subjects>Business>Accounting

What is the difference between tax codes 603L and 647L?

Updated: 9/15/2023

Mothman911 ∙

Lvl 1

∙ 14y ago

Best Answer

If you are talking purely about cash amounts the difference is £440 of extra income can will tax free for the tax year in question. 647L is worth about £88 extra in your pocket for the year. 603L= £6,030 & 647L = £6,470 (give or take a fiver each way).

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Related questions

Do you pay more tax with tax codes 647l or 603l?

The number part is your tax free allowance - ie £6470http://www.hmrc.gov.uk/incometax/codes-basics.htmI'm guessing 603L was last years allowance. So you should pay slightly less tax on 647L

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