Commitment Bonus- Interesting Numbers

[justintime129]

£35000 + your personal tax allowance. You are taxed on your taxable income which is your total income minus your personal tax allowance.

I get it now but the hmrc doesn't make it easy does it.

 

[Realist78]

I get it now but the hmrc doesn't make it easy does it.

Off TopicThe hmrc site is quite difficult to extract information from. I've been looking at business VAT and it's a maze.

 

[Mug?]

hmm should I be bothered

hmm should I be bothered

I get it now but the hmrc doesn't make it easy does it.

says £0-35K @ 20% rate (not £7000 - £35000 (or whatever the allowance is next year)
So pretty clear to me.
Guess you will never have to worry about it though??LOLDT_Xtremez_06:

 

[Dicky_morris]

suppose we best go back to the drawing board and rework those figures then.. Thats something to do on monday, cheers all.

 

[Realist78]

says £0-35K @ 20% rate (not £7000 - £35000 (or whatever the allowance is next year)
So pretty clear to me.
Guess you will never have to worry about it though??LOLDT_Xtremez_06:

0 -35K of TAXABLE INCOME, simple!