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| *The Commerce Journal>>>United Kingdom Taxes |
How much can I earn before I'm taxed 40%? |
I have a salary of 28,500 but also do freelance work. In the 08/09 tax year how much profit can I make before I reach the 40% tax threshold? Apparently the threshold is 36000 but I assume I can add the 5225 tax free allowance on to that giving me 12725 left of 20% tax. Is that right? UK answers ONLY please. Yes that is correct. For 2008/09 the figure is 拢41435. |
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