How do you define tax code 1263L in the UK?

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1263l tax code meaning means that you are able to earn an allowance from your salary on which you pay no tax for the year in question, which would be £12,630. It is usually given to employees or pensioners entitled to receive the standard tax allowance. The “L” means normal tax status, and ×10 and “1263” equals your allowance. HMRC uses this code to work out how much tax to take from your salary. It is very important to ensure that the tax code you have is correct, especially if something changes throughout the year with the work or income situations.

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