Contribution to the tax man
08 February 2006, 05:06 PM
#31
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Originally Posted by Tiggs
where have you got next years figures from ????
Davyboy - I had an employee refuse a payrise once because he thought it worked like stamp duty and his net would be less than before. I considered not telling him
08 February 2006, 05:33 PM
#33
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Originally Posted by Tiggs
where have you got next years figures from ????
Simon.
08 February 2006, 05:37 PM
#34
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Originally Posted by P1Fanatic
where does that site show income tax rates for 2006/2007 ???
just realised - he's just added on the new PA....that wont be the rates in April.
Last edited by Tiggs; 08 February 2006 at 05:40 PM.
08 February 2006, 05:40 PM
#35
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Originally Posted by camk
Davy, its a common error...oooh don;t pay me more as I'll pay more in tax than I do today....
.
.Simon.
08 February 2006, 05:57 PM
#36
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Originally Posted by Tiggs
where does that site show income tax rates for 2006/2007 ???
just realised - he's just added on the new PA....that wont be the rates in April.
just realised - he's just added on the new PA....that wont be the rates in April.
Simon.
08 February 2006, 06:43 PM
#37
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Originally Posted by Tiggs
In which case you earn more...and pay more tax.
Funnily enough I know that. What I was implying to to the original poster is to take into account all financial renumeration - not just basic salary....
Simon.
08 February 2006, 07:29 PM
#38
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Originally Posted by P1Fanatic
Well they are quite right as they will pay more.... What hes getting at (I think) is that Stamp Duty you get to x amount and you pay y % on the whole amount. Whereas IT only charges at the higher rate for the amount above your threshold.
Simon.
Simon.
09 February 2006, 09:01 AM
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Originally Posted by camk
You know eactly what was meant, they think after a pay rise they end up wuth less net pay as they suddenly get taxed at 40% on it all
Simon.
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