how much is the tax deduction?
how much is the tax deduction?
True love waits.
Originally Posted by Frances
Toooooooooooooooooooo Much!
if any body read this news from news of the world, THE BIGGEST PAY-OUT
explain tooooooooooooo much.thank's.
True love waits.
Tax and National Insurance take about 40% of your salary before you even see it and that's just the start of it, after that just about everthing else has 17.5% VAT (Value Added Tax) added and the only things that are not taxed as far as I am aware are food and childrens clothing.
As far as fuel duty is concerned that is currently taxed at about £0.5035 + VAT of 17.5% on the full retail price, which currently totals up to about £1.20 per litre.
Iain
You're obviously on loads of money and taxed at a higher rate
For people earning less than £34,000 PA, the basic rate of tax is 22%. However, you don't pay tax on your entire salary... there is a personal allowance. For example, if your salary was £15,000 PA, you would receive a personal allowance of £5000 approx, meaning you only pay tax on £10,000 not the full £15,000.
National insurance is about 11% I think but this is not a tax. This is your contribution to the benefits system, to cover health care etc.
Thank you tomm for explaining further.For people earning less than £34,000 PA, the basic rate of tax is 22%. However, you don't pay tax on your entire salary... there is a personal allowance. For example, if your salary was £15,000 PA, you would receive a personal allowance of £5000 approx, meaning you only pay tax on £10,000 not the full £15,000.
National insurance is about 11% I think but this is not a tax. This is your contribution to the benefits system, to cover health care etc.
True love waits.
Whatever...... It's still Toooooooooooooooo MuuuuuuuuuuuuuuuuuuchFor people earning less than £34,000 PA, the basic rate of tax is 22%. However, you don't pay tax on your entire salary... there is a personal allowance. For example, if your salary was £15,000 PA, you would receive a personal allowance of £5000 approx, meaning you only pay tax on £10,000 not the full £15,000.
National insurance is about 11% I think but this is not a tax. This is your contribution to the benefits system, to cover health care etc.
Then go and live to the Philippines that u even can cheat your tax not to pay it,but expect the 350 pesos daily wage
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