| Do you want United Kingdom Taxes information? This category is your resource for helpful United Kingdom Taxes infomation. The Editors of this United Kingdom Taxes site collect frequently United Kingdom Taxes questions and United Kingdom Taxes tips for your searching and browsing. Hope you can find useful advice what you want.Happy surfing! |
| United Kingdom Taxes |
| Since the abolition of the 10p tax rate in UK for low earners, I am wondering if I will be worse off? |
First deduct your Personal Allowance. Then apply the various Tax rates ..
2007. pa = 拢5,225
拢15,000 less pa = 拢9775, so you pay tax on 拢9775.
10% band was 拢2230, so you pay 拢223 Tax on the f... |
| Who has benefited from the reduction of base rate income tax? |
The Upper Earnings Limit has increased by 拢5,200 pa which means you will be paying 11% on this amount instead of 1% so your NI conts will have increased by 拢520pa on the increased UEL and 1% above ... |
| Why are people up in arms about the removal of the UK 10p tax band? |
removing the 10p tax band means people like myself working 40 hours a week for minimum wage with no dependent children will pay more tax so that richer people can pay less. i fail to see what tha... |
| Mary steavens earns $6 an hour at her job and is entitled to time-and-a half for overtime, and double time on? |
40 hours regular @ $6ph = $240
6.5 hours overtime @ $9ph = $58.50
8 hours holiday time @ $12ph = $96
Total (d) $394.50 ... |
| Working for a Foreign Company ! How to pay tax and National Insurance !? |
Hi
This is a very complex situation.
If you were working in the UK for a canadian company then they should register with the Revenue as an employer and pay the tax and national insurance due.... |
| What is the 2008/2009 personal tax allowance? |
here you go
拢5435 ... |
| What do you do with the pionts that you earn on here? |
You can ask questions and also, you get onto other levels which means that you can ask more, answer more and vote more, it goes up with each level until it becomes unlimited. ... |
| New 10p tax rate if it gets put into action will i be better or worse off? |
拢776.90 +/- ... |
| If i am a student do i pay tax on my wages? |
Students in the UK are not exempt from tax! Neither would a new-born baby be if it had the necessary income level. You can currently have income of 拢5435 before you become liable to tax. After that... |
| There is lots of talk atm about the abolition of the 10p tax rate. What actually is the 10p tax rate? |
Up until the beginning of April the first 拢2300 of tax (for everybody)was at 10% that has been abolished and you now pay 20%
However the next chunk of earnings was taxed at 22%, now it's 20%<... |
| What does a quote with 'not subject to vat' mean? |
It means that there is no VAT to pay.
Either the company doesn't make enough to charge VAT, or the goods you are buying are not VATable.
The price you are quoted won't have VAT adde... |
| WIll I be better of working?? I'm on benefits and really want to work but am worried bout rent etc...? |
Hi I work for benefits, there is lots of help you can get if you start work and you are on a low income. To start with when your JSA stops you can claim an EPP, and extended payment period, this w... |
| ANYONE know any tricks to reduce your tax bill when you're self employed? |
Not sure which country you are in but basically keep receipts for everything you buy and ask accountant what you can claim as an expense.
This will depend on what country you are in but obvious ... |
| Shoring up Banks and Mortgages but doubling the Poor's taxes? |
I find myself ever more confused about the whole idea of giving sureties to the banks in the first place. Why is the government making sure that house prices stay so daftly high ? Vested interest m... |
| Institute of Fiscal Studies report says Middle Class should pay more tax? |
One thing it said was that there was no point raising tax rates on those earning over 拢100,000 as they would simply avoid paying it. Not much of a policy that, is it? ... |
| In the UK is the minimum wage increase going to make a difference or is it just another con? |
Like all minimum wage increases, it will make little or no difference to the wage earner.
It will, however, make a major difference to those effected by the resulting rise in unemployment - when... |
| UK 拢50 billion quid for the banks and poor people to pay more tax? |
Hello,
(ANS) I think this whole entire things stinks to high heaven, frankly its appalling!!
No.1 Northern Rock should have been allowed to go under i.e. a bank going bankrupt.
No.2 Now t... |
| Is the Inland Revenue your friend or enemy? |
depends which country you are from.
I am a UK citizen born and bred
I certainly pay a lot of tax
I also pay for all of my own bills.
I work, hard, and have done for the last 16 years.
In r... |
| Does anyone know a recent figure of how much was spent on alcohol advertising in the UK? |
"In the UK, around 拢200 million is spent on alcohol advertising every year, with additional promotion and marketing budgets estimated to be more than three times that figure."
Quote from... |
| Self Assessment query? |
He can include a reasonable charge for use of domestic property in his accounts.
It can be a proprtion of the total running costs, but for small businesses like his it's best to use a weekly ... |
| Am I in the higher tax bracket if I am earning 35K per year?, how much will I get/be taxed per month? |
This is a good site, helped me when I got a pay rise and was only out by 拢20.
... |
| Can i start a business importing cigarettes into the uk for own use? |
Why would yours be cheaper than what is already available? You'd have the same tax rates, import duties, oncosts and overheads as anyone else.
Unless you're talking about smuggling? ... |
| Are people aware of the new UK tax return deadline? |
It does say it on the front of the Paper returns...so you only have to read it. ... |
| Maternity pay for temporary workers? |
What you have written is correct - if you have been working for the agency for 6 months prior to week 25 (early June) then you should get Statutory Maternity Pay at the rates you quoted. If not yo... |
| Tax Rebate Question? |
Tax office policy is to reply within 28 days. This is a busy time of year, could take another couple of weeks. ... |
| How much will i get taxed on the new tax system? |
Look at www.listentotaxman, and play with figures. If you are 拢12000 per annum, you will pay more tax. On 拢18000 you would pay less this year. ... |
| Tax Laws on Extra Earnings ? |
There are a couple of things to think about here in terms of how you may be taxed.
Assuming that it is not additional employed income (and the rules are not anywhere near as cut and dried as St... |
| Should UK taxpayers be propping up the lending to banks? |
It isn't necessarily happening. I presume that the British treasury, like the US treasury in similar circumstances, has provided liquidity to banks (such as Northern Rock) in exchange for pre... |
| What is the minimum wage for 17 year olds in England ? |
What are the current rates of the national minimum wage?
There are three levels of minimum wage, and the rates from 1st October 2007 are:
拢5.52 per hour for workers aged 22 years and older
... |
| Paying tax on wrong tax code? Who is responsible for changing this? - my employer or HMRC? |
Unfortunately you are responsible for sorting out code number problems. Who did you give form P45 to? A manager? Would suggest you follow up, and ask who they gave it to, and so on, up the line. As... |
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