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1250L Tax Code Calculator . Taiwan income tax taiwan import tax rate 2020 uk tax calculator 2021/22 tax code 1250l income tax rate. What does the tax code mean? Tax code 1250L What does it mean and is it definitely the right one from www.express.co.uk It replaces tax code 1250l, which was the most popular tax code for the last 2 tax years (2019/20 and 2020/21). What is the difference between tax codes 1250l and 1257l? So, if you earn between £12,571 and £50,270, you will be taxed at the basic rate of 20%.