Definition for tax code - Oxford Dictionaries Online (World English)

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	tax code (tax code) noun a code number representing the tax-free part of an employee’s income, assigned by tax authorities for use by employers in calculating the tax to be deducted under the PAYE system.		More words in this category capital transfer tax delink discretionary income economic economy fiscality Laffer curve LSE monetary money illusion peg prime cost property tax public sector purchase tax rate 1 Reaganomics SIFI surplus value withholding tax Nearby Words tawny owl tawny port tawse tax tax allowance tax and spend tax avoidance tax bracket tax break tax code tax credit tax disc tax evasion tax exile tax haven tax inspector tax loss tax point tax return