trust me, I'm an accountant
its is the income less your personal allowance
so lets say you earn 20k
Income - 20,000
PA - (6,475)
Taxable - 13,525
IT @ 20% - 2,705
Posted By: Tony Martin on April 1st 2010 at 12:40:18
Message Thread
- Anyone know anything about income tax? (General Chat) - Charles21, Apr 1, 12:31:03
- trust me, I'm an accountant (General Chat) - Tony Martin, Apr 1, 12:40:18
- I trust you (General Chat) - Charles21, Apr 1, 12:46:29
- 20%. Lucky bar steward. (n/m) (General Chat) - Steve in Holland, Apr 1, 13:36:09
- Have you got any benefits in kind? (General Chat) - yarmyyarmy, Apr 1, 12:48:59
- Do they get free lunch at McDonalds? (n/m) (General Chat) - jamesward, Apr 1, 12:59:43
- I trust you (General Chat) - Charles21, Apr 1, 12:46:29
- minus the 6k figure because that is tax free (General Chat) - ghostof barry butler, Apr 1, 12:34:53
- The later. Isn't it 22% not 20%? (General Chat) - Arizona Bay, Apr 1, 12:32:29
- *latter (n/m) (General Chat) - Arizona Bay, Apr 1, 12:32:44
- thanks much (General Chat) - Charles21, Apr 1, 12:34:18
- *latter (n/m) (General Chat) - Arizona Bay, Apr 1, 12:32:44
- trust me, I'm an accountant (General Chat) - Tony Martin, Apr 1, 12:40:18
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