What Is an Ot Tax Code?

Answer

The HMRCs 0T Tax Code is one that came into use in April 2011. It is used on an accumulative basis in cases where a new employee fails to complete a P46 before the first pay day.
1 Additional Answer
Tax code OT points out that you have no private allowances and that all income is subject to basic and higher rates of tax. Other tax codes issued by HMRC include 474L, 474P, 475V, 382Y and 384T.
Q&A Related to "What Is an Ot Tax Code"
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OT and OT1 are replacing BR and BRwk1/mth1 Therefore OT1 is basic rate week one/month one. If you only have one job and no other income the contract HMRC ask them to look into it
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22592933.
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Tax code OT indicates that you have no personal allowances and all income is subject to basic and higher rates of tax.
http://www.kgbanswers.co.uk/what-does-tax-code-ot-...
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